Park-Ohio (NASDAQ:PKOH) Shares Cross Above 200 Day Moving Average of $25.47

Shares of 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 $25.47 and traded as high as $25.86. Park-Ohio shares last traded at $24.97, with a volume of 21,555 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th.

Park-Ohio Stock Down 3.6 %

The stock has a market capitalization of $326.36 million, a PE ratio of 27.44 and a beta of 1.18. The company has a current ratio of 2.25, a quick ratio of 1.16 and a debt-to-equity ratio of 2.21. The company’s 50-day moving average is $25.52 and its 200 day moving average is $25.47.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. Park-Ohio had a net margin of 0.70% and a return on equity of 13.93%. The business had revenue of $417.60 million during the quarter, compared to the consensus estimate of $439.00 million. During the same period in the previous year, the firm posted $0.72 earnings per share.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, May 2nd. Park-Ohio’s dividend payout ratio (DPR) is 54.95%.

Insider Activity at Park-Ohio

In other Park-Ohio news, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $26.57, for a total transaction of $26,570.00. Following the completion of the sale, the director now directly owns 81,690 shares in the company, valued at approximately $2,170,503.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $26.57, for a total value of $26,570.00. Following the completion of the transaction, the director now owns 81,690 shares of the company’s stock, valued at approximately $2,170,503.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward F. Crawford bought 10,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $24.68 per share, for a total transaction of $246,800.00. Following the purchase, the director now directly owns 761,273 shares of the company’s stock, valued at $18,788,217.64. The disclosure for this purchase can be found here. Insiders have bought a total of 20,802 shares of company stock worth $507,252 over the last quarter. Insiders own 33.04% of the company’s stock.

Hedge Funds Weigh In On Park-Ohio

Several institutional investors have recently made changes to their positions in PKOH. Gladius Capital Management LP acquired a new stake in Park-Ohio during the third quarter valued at $37,000. Barclays PLC boosted its stake in shares of Park-Ohio by 32.6% during the 3rd quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 547 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Park-Ohio by 146.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,064 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 1,228 shares during the period. AJOVista LLC purchased a new position in shares of Park-Ohio in the 4th quarter valued at about $65,000. Finally, Strs Ohio acquired a new position in Park-Ohio in the 4th quarter worth about $75,000. 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.