Park-Ohio (NASDAQ:PKOH) Share Price Passes Above 200-Day Moving Average of $24.58

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.58 and traded as high as $25.26. Park-Ohio shares last traded at $24.36, with a volume of 13,487 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Park-Ohio Price Performance

The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18. The business has a 50-day moving average price of $25.40 and a two-hundred day moving average price of $24.58. The company has a market capitalization of $318.39 million, a price-to-earnings ratio of 38.67 and a beta of 1.23.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. The firm had revenue of $389.30 million for the quarter, compared to analyst estimates of $386.45 million. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, research analysts anticipate that Park-Ohio Holdings Corp. will post 3.36 EPS for the current year.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, February 8th. Park-Ohio’s payout ratio is currently 79.37%.

Insider Activity at Park-Ohio

In related news, Director James W. Wert sold 1,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the sale, the director now directly owns 84,190 shares of the company’s stock, valued at approximately $2,274,813.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the completion of the sale, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total value of $27,020.00. Following the sale, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The disclosure for this sale can be found here. In the last three months, insiders sold 3,500 shares of company stock valued at $91,990. 33.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Park-Ohio

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Park-Ohio by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 439,594 shares of the industrial products company’s stock valued at $11,851,000 after purchasing an additional 4,378 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Park-Ohio during the 4th quarter worth $223,000. GSA Capital Partners LLP grew its stake in shares of Park-Ohio by 8.7% during the 4th quarter. GSA Capital Partners LLP now owns 15,251 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 1,226 shares during the period. Barclays PLC grew its stake in shares of Park-Ohio by 462.6% during the 4th quarter. Barclays PLC now owns 12,518 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 10,293 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of Park-Ohio by 75.5% during the 4th quarter. Nuveen Asset Management LLC now owns 19,198 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 8,261 shares during the period. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.