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

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price passed 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.

Wall Street Analysts Forecast Growth

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

Park-Ohio Stock Down 3.6 %

The company’s 50 day moving average price is $25.40 and its two-hundred day moving average price is $24.58. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 2.18. The stock has a market cap of $318.39 million, a P/E ratio of 38.67 and a beta of 1.23.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. 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 company earned ($0.09) EPS. Equities analysts forecast that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current year.

Park-Ohio Announces Dividend

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

Insiders Place Their Bets

In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total transaction of $38,970.00. Following the sale, the director now owns 82,690 shares in the company, valued at approximately $2,148,286.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total transaction of $38,970.00. Following the sale, the director now owns 82,690 shares in the company, valued at approximately $2,148,286.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $27.02, for a total transaction of $27,020.00. Following the sale, the director now owns 84,190 shares in the company, valued at approximately $2,274,813.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,500 shares of company stock worth $91,990. Company insiders own 33.26% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in Park-Ohio during the 2nd quarter valued at approximately $32,000. Gladius Capital Management LP purchased a new stake in Park-Ohio during the 3rd quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew 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 valued at $38,000 after buying an additional 865 shares in the last quarter. Bank of America Corp DE grew its holdings in Park-Ohio by 501.8% during 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 buying an additional 1,947 shares in the last quarter. Finally, AJOVista LLC purchased a new stake in Park-Ohio during the 4th quarter valued at approximately $65,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

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.