Park-Ohio (NASDAQ:PKOH) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.50 and traded as high as $24.07. Park-Ohio shares last traded at $23.95, with a volume of 10,830 shares traded.

Analysts Set New Price Targets

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

Park-Ohio Stock Performance

The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.18 and a current ratio of 2.33. The stock has a market capitalization of $344.88 million, a P/E ratio of 14.01 and a beta of 1.13. The business has a 50-day moving average price of $25.14 and a 200 day moving average price of $22.50.

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

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 6th. Park-Ohio’s dividend payout ratio (DPR) is currently 29.24%.

Insider Activity

In other Park-Ohio news, Director Ronna Romney sold 2,000 shares of Park-Ohio stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $24.51, for a total value of $49,020.00. Following the completion of the transaction, the director directly owned 26,944 shares of the company’s stock, valued at approximately $660,397.44. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard W. Iv Hanna sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $24.80, for a total transaction of $64,480.00. Following the completion of the transaction, the director owned 21,500 shares in the company, valued at approximately $533,200. This represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,000 shares of company stock valued at $173,620 over the last ninety days. Corporate insiders own 31.51% of the company’s stock.

Institutional Trading of Park-Ohio

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 856 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after buying an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Park-Ohio by 377.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after buying an additional 2,134 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Park-Ohio in the 1st quarter worth about $80,000. Finally, Russell Investments Group Ltd. lifted its stake in Park-Ohio by 73.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 1,659 shares during the period. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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.