Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above Two Hundred Day Moving Average of $15.59

Park-Ohio Holdings Corp. (NASDAQ:PKOHGet Rating)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.59 and traded as high as $20.67. Park-Ohio shares last traded at $19.99, with a volume of 34,038 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Park-Ohio from a “sell” rating to a “hold” rating in a report on Thursday, May 12th.

Park-Ohio Stock Down 1.3 %

The firm’s fifty day moving average price is $17.11 and its 200-day moving average price is $15.60. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.37 and a quick ratio of 1.22.

Park-Ohio (NASDAQ:PKOHGet Rating) last issued its earnings results on Tuesday, August 2nd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). Park-Ohio had a negative net margin of 1.14% and a negative return on equity of 1.69%. During the same quarter last year, the firm posted ($0.33) earnings per share. As a group, research analysts expect that Park-Ohio Holdings Corp. will post 1.96 earnings per share for the current year.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, August 4th. Park-Ohio’s dividend payout ratio is currently -33.33%.

Insider Buying and Selling

In other Park-Ohio news, Director Edward F. Crawford purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average price of $19.38 per share, for a total transaction of $969,000.00. Following the purchase, the director now directly owns 751,273 shares in the company, valued at $14,559,670.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James W. Wert acquired 2,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was bought at an average price of $14.86 per share, for a total transaction of $29,720.00. Following the transaction, the director now owns 88,882 shares in the company, valued at $1,320,786.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward F. Crawford acquired 50,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were purchased at an average price of $19.38 per share, with a total value of $969,000.00. Following the transaction, the director now owns 751,273 shares in the company, valued at approximately $14,559,670.74. The disclosure for this purchase can be found here. Insiders acquired a total of 53,000 shares of company stock worth $1,012,720 in the last 90 days. Company insiders own 33.26% of the company’s stock.

Hedge Funds Weigh In On Park-Ohio

A number of large investors have recently bought and sold shares of the company. Private Management Group Inc. raised its position in Park-Ohio by 29.5% during the 2nd quarter. Private Management Group Inc. now owns 972,053 shares of the industrial products company’s stock worth $15,417,000 after buying an additional 221,470 shares during the last quarter. FMR LLC raised its position in Park-Ohio by 1.9% during the 2nd quarter. FMR LLC now owns 931,787 shares of the industrial products company’s stock worth $14,779,000 after buying an additional 17,606 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Park-Ohio by 10.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 922,160 shares of the industrial products company’s stock worth $12,975,000 after buying an additional 84,440 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Park-Ohio by 6.0% in the 1st quarter. Gabelli Funds LLC now owns 466,062 shares of the industrial products company’s stock valued at $6,557,000 after purchasing an additional 26,462 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Park-Ohio by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 427,986 shares of the industrial products company’s stock valued at $6,022,000 after purchasing an additional 8,817 shares in the last quarter. Hedge funds and other institutional investors own 52.50% of the company’s stock.

About Park-Ohio

(Get Rating)

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.

Further Reading

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