Park-Ohio (NASDAQ:PKOH) Shares Cross Above 200-Day Moving Average – Should You Sell?

Park-Ohio Holdings Corp. (NASDAQ:PKOH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.54 and traded as high as $27.50. Park-Ohio shares last traded at $26.08, with a volume of 28,661 shares.

Analyst Ratings Changes

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

Park-Ohio Price Performance

The firm has a market capitalization of $375.55 million, a PE ratio of 15.52 and a beta of 1.16. The company has a current ratio of 2.56, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74. The company has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $21.54.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, February 6th. Park-Ohio’s payout ratio is presently 29.76%.

Insider Buying and Selling at Park-Ohio

In other news, Director Ronna Romney sold 2,975 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $20.29, for a total value of $60,362.75. Following the completion of the transaction, the director owned 28,944 shares in the company, valued at $587,273.76. This trade represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. Gamco Investors INC. ET AL lifted its position in shares of Park-Ohio by 14.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock valued at $26,640,000 after acquiring an additional 156,890 shares during the period. Private Management Group Inc. increased its stake in Park-Ohio by 1.4% in the 3rd quarter. Private Management Group Inc. now owns 1,037,386 shares of the industrial products company’s stock valued at $22,034,000 after purchasing an additional 14,222 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Park-Ohio by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 830,468 shares of the industrial products company’s stock worth $17,390,000 after purchasing an additional 5,074 shares during the last quarter. Vanguard Group Inc. raised its holdings in Park-Ohio by 0.8% during the third quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock worth $11,230,000 after purchasing an additional 3,967 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in Park-Ohio by 2.1% during the fourth quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock worth $10,734,000 after purchasing an additional 10,401 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

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.