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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Analyst Ratings Changes

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

Park-Ohio Trading Down 3.4 %

The business’s fifty day moving average is $25.41 and its 200-day moving average is $24.61. The firm has a market cap of $304.66 million, a P/E ratio of 37.00 and a beta of 1.23. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.14 and a current ratio of 2.27.

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

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Thursday, February 8th. Park-Ohio’s dividend payout ratio (DPR) is 79.37%.

Insider Transactions at Park-Ohio

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

Institutional Trading of Park-Ohio

Several hedge funds have recently bought and sold shares of PKOH. Bank of America Corp DE grew its position in Park-Ohio by 501.8% in the 1st quarter. Bank of America Corp DE now owns 2,335 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,947 shares during the period. Barclays PLC purchased a new position in Park-Ohio during the 2nd quarter worth $32,000. Gladius Capital Management LP purchased a new position in Park-Ohio during the 3rd quarter worth $37,000. Tower Research Capital LLC TRC boosted its holdings in Park-Ohio by 76.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,003 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 865 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new position in Park-Ohio during the 2nd quarter worth $53,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

About Park-Ohio

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.