Park-Ohio (NASDAQ:PKOH) Shares Pass Above 200-Day Moving Average of $26.34

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.34 and traded as high as $29.80. Park-Ohio shares last traded at $28.62, with a volume of 22,255 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Park-Ohio from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th.

Park-Ohio Stock Performance

The company has a current ratio of 2.42, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $379.58 million, a price-to-earnings ratio of 31.18 and a beta of 1.16. The stock's 50 day moving average is $27.94 and its 200 day moving average is $26.34.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.08. Park-Ohio had a net margin of 1.09% and a return on equity of 14.72%. The business had revenue of $432.60 million during the quarter. During the same period last year, the business earned $0.83 earnings per share.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.125 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.74%. Park-Ohio's dividend payout ratio (DPR) is 54.95%.

Insider Buying and Selling

In other Park-Ohio news, CEO Matthew V. Crawford purchased 5,272 shares of the business's stock in a transaction on Friday, June 7th. The stock was bought at an average cost of $23.96 per share, for a total transaction of $126,317.12. Following the acquisition, the chief executive officer now 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Park-Ohio news, CEO Matthew V. Crawford purchased 5,272 shares of the stock in a transaction on Friday, June 7th. The stock was bought at an average price of $23.96 per share, for a total transaction of $126,317.12. Following the acquisition, the chief executive officer now directly owns 864,813 shares of the company's stock, valued at $20,720,919.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward F. Crawford bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $24.68 per share, for a total transaction of $246,800.00. Following the completion of the transaction, the director now directly owns 761,273 shares of the company's stock, valued at approximately $18,788,217.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 20,363 shares of company stock worth $496,268. 33.04% of the stock is owned by insiders.

Institutional Trading of Park-Ohio

Several institutional investors have recently made changes to their positions in PKOH. Dimensional Fund Advisors LP grew its holdings in shares of Park-Ohio by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 751,077 shares of the industrial products company's stock worth $20,249,000 after purchasing an additional 26,215 shares during the period. Trexquant Investment LP grew its stake in Park-Ohio by 43.6% during the fourth quarter. Trexquant Investment LP now owns 24,777 shares of the industrial products company's stock worth $668,000 after buying an additional 7,523 shares during the period. BNP Paribas Financial Markets increased its position in shares of Park-Ohio by 23.1% in the first quarter. BNP Paribas Financial Markets now owns 10,831 shares of the industrial products company's stock worth $289,000 after acquiring an additional 2,036 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Park-Ohio by 36.2% in the 1st quarter. GSA Capital Partners LLP now owns 20,774 shares of the industrial products company's stock valued at $554,000 after acquiring an additional 5,523 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Park-Ohio by 7.8% during the 1st quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company's stock valued at $257,000 after acquiring an additional 700 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other 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.