Park-Ohio (NASDAQ:PKOH) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Park-Ohio Holdings Corp. (NASDAQ:PKOHGet Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $28.81 and traded as high as $28.96. Park-Ohio shares last traded at $26.70, with a volume of 44,167 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

View Our Latest Research Report on PKOH

Park-Ohio Trading Down 2.8 %

The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $365.65 million, a price-to-earnings ratio of 20.83 and a beta of 1.18. The company has a 50-day moving average price of $30.70 and a 200-day moving average price of $28.79.

Park-Ohio (NASDAQ:PKOHGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.89 by $0.18. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The company had revenue of $417.60 million for the quarter.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, November 15th. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at Park-Ohio

In related news, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the transaction, the insider now directly owns 187,764 shares in the company, valued at approximately $5,946,485.88. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the sale, the director now owns 12,135 shares in the company, valued at $381,403.05. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 33.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKOH. Barclays PLC raised its holdings in shares of Park-Ohio by 215.2% in the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock worth $369,000 after buying an additional 8,195 shares in the last quarter. Geode Capital Management LLC grew its position in Park-Ohio by 1.5% in the third quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock valued at $5,987,000 after acquiring an additional 2,928 shares during the period. Jane Street Group LLC acquired a new position in Park-Ohio during the third quarter worth $242,000. State Street Corp lifted its holdings in shares of Park-Ohio by 0.8% during the third quarter. State Street Corp now owns 134,356 shares of the industrial products company’s stock valued at $4,125,000 after acquiring an additional 1,034 shares during the period. Finally, Quadrature Capital Ltd boosted its stake in shares of Park-Ohio by 46.0% in the 3rd quarter. Quadrature Capital Ltd now owns 11,707 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 3,691 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

Park-Ohio Company Profile

(Get Free Report)

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.

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