Park-Ohio (NASDAQ:PKOH) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.41 and traded as high as $24.99. Park-Ohio shares last traded at $24.39, with a volume of 15,570 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PKOH shares. KeyCorp upgraded Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Park-Ohio to a “hold” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.00.

Park-Ohio Trading Up 0.1%

The company has a quick ratio of 1.18, a current ratio of 2.33 and a debt-to-equity ratio of 1.62. The company has a market cap of $351.19 million, a P/E ratio of 14.26 and a beta of 1.11. The business has a 50-day moving average price of $25.04 and a two-hundred day moving average price of $22.41.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). The firm had revenue of $395.00 million during the quarter, compared to the consensus estimate of $402.90 million. Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Park-Ohio’s dividend payout ratio (DPR) is 29.24%.

Insider Activity at Park-Ohio

In related news, Director Howard W. Iv Hanna sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $24.80, for a total transaction of $64,480.00. Following the completion of the sale, the director directly owned 21,500 shares of the company’s stock, valued at $533,200. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ronna Romney sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $24.51, for a total transaction of $49,020.00. Following the completion of the transaction, the director owned 26,944 shares in the company, valued at $660,397.44. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,000 shares of company stock valued at $173,620. 31.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Park-Ohio

Several hedge funds have recently added to or reduced their stakes in PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Park-Ohio by 10.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 527 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio during the first quarter worth $80,000. Geode Capital Management LLC grew its holdings in shares of Park-Ohio by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock valued at $3,938,000 after buying an additional 9,656 shares during the period. Rhumbline Advisers grew its holdings in shares of Park-Ohio by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after buying an additional 589 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Park-Ohio by 5.6% in the second quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

About Park-Ohio

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.