Park-Ohio (NASDAQ:PKOH) Stock Passes Above 200 Day Moving Average – What’s Next?

Park-Ohio Holdings Corp. (NASDAQ:PKOH) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.96 and traded as high as $22.59. Park-Ohio shares last traded at $22.41, with a volume of 23,329 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Park-Ohio Trading Up 2.7%

The firm’s 50 day moving average price is $21.00 and its 200-day moving average price is $19.98. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.56 and a quick ratio of 1.32. The stock has a market cap of $322.79 million, a P/E ratio of 13.34 and a beta of 1.17.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a return on equity of 10.53% and a net margin of 1.46%.The business had revenue of $398.60 million during the quarter, compared to analysts’ expectations of $417.30 million. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.2%. Park-Ohio’s dividend payout ratio (DPR) is 29.76%.

Insider Transactions at Park-Ohio

In other Park-Ohio news, Director Ronna Romney sold 2,975 shares of Park-Ohio stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $20.29, for a total transaction of $60,362.75. Following the transaction, the director owned 28,944 shares of the company’s stock, valued at $587,273.76. The trade was a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 31.51% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently bought and sold shares of PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 527 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio during the first quarter valued at approximately $80,000. Strs Ohio purchased a new position in shares of Park-Ohio in the first quarter worth $415,000. First Eagle Investment Management LLC grew its stake in Park-Ohio by 18.8% during the second 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 in the last quarter. Finally, CM Wealth Advisors LLC lifted its stake in Park-Ohio by 4.2% in the 2nd quarter. CM Wealth Advisors LLC now owns 107,676 shares of the industrial products company’s stock worth $1,923,000 after purchasing an additional 4,350 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

About Park-Ohio

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.