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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) 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 raised Park-Ohio from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.

Park-Ohio Price Performance

The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. The company has a market capitalization of $304.66 million, a PE ratio of 37.00 and a beta of 1.23. The firm has a 50-day moving average of $25.41 and a 200 day moving average of $24.61.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Park-Ohio had a net margin of 0.47% and a return on equity of 13.45%. The business had revenue of $389.30 million for the quarter, compared to analysts’ expectations of $386.45 million. During the same period last year, the business earned ($0.09) earnings per share. As a group, research analysts anticipate that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, February 8th. Park-Ohio’s dividend payout ratio is 79.37%.

Insider Buying and Selling at Park-Ohio

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in shares of Park-Ohio by 5.3% in the third quarter. Rhumbline Advisers now owns 9,064 shares of the industrial products company’s stock worth $180,000 after buying an additional 456 shares during the period. Barclays PLC raised its stake in shares of Park-Ohio by 32.6% in the third quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock worth $45,000 after buying an additional 547 shares during the period. First Trust Advisors LP raised its stake in shares of Park-Ohio by 2.6% in the fourth quarter. First Trust Advisors LP now owns 22,659 shares of the industrial products company’s stock worth $611,000 after buying an additional 571 shares during the period. BlackRock Inc. raised its stake in shares of Park-Ohio by 0.6% in the first quarter. BlackRock Inc. now owns 108,251 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 671 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Park-Ohio by 4.3% in the fourth quarter. Citadel Advisors LLC now owns 17,768 shares of the industrial products company’s stock worth $479,000 after buying an additional 738 shares during the period. Institutional investors own 51.38% of the company’s stock.

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.