Park-Ohio (NASDAQ:PKOH) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.20 and traded as high as $21.39. Park-Ohio shares last traded at $20.72, with a volume of 21,748 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Park-Ohio has a consensus rating of “Hold”.

Park-Ohio Trading Down 0.8%

The firm’s fifty day simple moving average is $19.80 and its 200 day simple moving average is $19.20. The stock has a market capitalization of $298.37 million, a P/E ratio of 10.21 and a beta of 1.34. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.01). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.The firm had revenue of $400.10 million for the quarter, compared to analyst estimates of $416.10 million.

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. Park-Ohio’s payout ratio is 24.63%.

Insiders Place Their Bets

In other Park-Ohio news, CEO Matthew V. Crawford acquired 4,167 shares of Park-Ohio stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $20.04 per share, with a total value of $83,506.68. Following the completion of the purchase, the chief executive officer directly owned 911,237 shares of the company’s stock, valued at $18,261,189.48. This represents a 0.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 31.51% of the stock is owned by company insiders.

Institutional Investors Weigh In On Park-Ohio

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its stake in Park-Ohio by 12.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,083,270 shares of the industrial products company’s stock valued at $19,347,000 after purchasing an additional 118,393 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Park-Ohio by 18.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 386,025 shares of the industrial products company’s stock valued at $6,894,000 after acquiring an additional 61,132 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of Park-Ohio by 4.2% during the 1st quarter. Private Management Group Inc. now owns 1,004,311 shares of the industrial products company’s stock valued at $21,693,000 after acquiring an additional 40,594 shares in the last quarter. American Century Companies Inc. grew its position in Park-Ohio by 10.2% during the 1st quarter. American Century Companies Inc. now owns 223,044 shares of the industrial products company’s stock worth $4,818,000 after acquiring an additional 20,733 shares during the last quarter. Finally, Strs Ohio acquired a new position in Park-Ohio in the 1st quarter worth about $415,000. 51.38% of the stock is owned by institutional investors.

Park-Ohio Company Profile

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.