Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above 200-Day Moving Average of $25.47

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

Analyst Ratings Changes

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

Park-Ohio Price Performance

The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.16 and a current ratio of 2.25. The firm has a market cap of $328.74 million, a P/E ratio of 27.64 and a beta of 1.18. The company has a 50-day moving average of $25.57 and a 200 day moving average of $25.47.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results 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 return on equity of 13.93% and a net margin of 0.70%. The business had revenue of $417.60 million during the quarter, compared to the consensus estimate of $439.00 million. During the same quarter last year, the company earned $0.72 EPS.

Park-Ohio Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.99%. Park-Ohio’s dividend payout ratio is 54.95%.

Insider Activity at Park-Ohio

In other Park-Ohio news, CEO Matthew V. Crawford purchased 5,272 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average cost of $23.96 per share, with a total value of $126,317.12. Following the acquisition, the chief executive officer now directly owns 864,813 shares of the company’s stock, valued at approximately $20,720,919.48. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction on 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 sale, the director now directly owns 81,690 shares of the company’s stock, valued at approximately $2,170,503.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew V. Crawford bought 5,272 shares of the stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $23.96 per share, with a total value of $126,317.12. Following the completion of the purchase, the chief executive officer now directly owns 864,813 shares in the company, valued at approximately $20,720,919.48. The disclosure for this purchase can be found here. Insiders acquired 20,802 shares of company stock valued at $507,252 in the last three months. Corporate insiders own 33.04% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Park-Ohio by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock valued at $233,000 after buying an additional 449 shares during the period. Acadian Asset Management LLC boosted its position in shares of Park-Ohio by 0.4% in the 1st quarter. Acadian Asset Management LLC now owns 246,968 shares of the industrial products company’s stock worth $6,584,000 after purchasing an additional 1,074 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Park-Ohio by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 442,830 shares of the industrial products company’s stock worth $11,815,000 after purchasing an additional 3,236 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Park-Ohio by 5.0% in the 1st quarter. First Eagle Investment Management LLC now owns 111,529 shares of the industrial products company’s stock worth $2,976,000 after purchasing an additional 5,351 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Park-Ohio by 7.8% in the 1st quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 700 shares during the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

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.