Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above 200 Day Moving Average of $15.10

Park-Ohio Holdings Corp. (NASDAQ:PKOHGet Rating) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.10 and traded as high as $15.49. Park-Ohio shares last traded at $15.44, with a volume of 24,085 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Park-Ohio in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Park-Ohio Stock Performance

The company has a debt-to-equity ratio of 2.25, a current ratio of 2.31 and a quick ratio of 1.14. The firm has a market cap of $197.97 million, a price-to-earnings ratio of -22.71 and a beta of 1.26. The firm has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $15.10.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, November 17th. Park-Ohio’s dividend payout ratio is presently -73.53%.

Institutional Trading of Park-Ohio

A number of institutional investors and hedge funds have recently made changes to their positions in PKOH. Private Management Group Inc. increased its position in shares of Park-Ohio by 4.8% in the first quarter. Private Management Group Inc. now owns 750,583 shares of the industrial products company’s stock valued at $10,561,000 after buying an additional 34,488 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Park-Ohio by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 70,469 shares of the industrial products company’s stock worth $991,000 after purchasing an additional 861 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Park-Ohio by 96.6% during the first quarter. First Eagle Investment Management LLC now owns 84,241 shares of the industrial products company’s stock worth $1,185,000 after purchasing an additional 41,400 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Park-Ohio by 2.1% during the first quarter. Vanguard Group Inc. now owns 427,986 shares of the industrial products company’s stock worth $6,022,000 after purchasing an additional 8,817 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Park-Ohio by 10.1% during the first quarter. Gamco Investors INC. ET AL now owns 922,160 shares of the industrial products company’s stock worth $12,975,000 after purchasing an additional 84,440 shares in the last quarter. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

Park-Ohio Company Profile

(Get Rating)

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.

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