Park-Ohio (NASDAQ:PKOH) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Park-Ohio's shares have surpassed their 200-day moving average, trading at $20.72, indicating a potential upward trend in stock performance.
• The company recently declared a quarterly dividend of $0.125 per share, yielding 2.4% and showcasing its commitment to returning value to shareholders.
• Insider trading activity was noted, with CEO Matthew V. Crawford purchasing 4,167 shares, potentially signaling confidence in the company's future performance.

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.20 and traded as high as $21.39. Park-Ohio shares last traded at $20.72, with a volume of 21,748 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Park-Ohio in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Park-Ohio currently has a consensus rating of "Hold".

Park-Ohio Stock Performance

The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60. The company has a market capitalization of $298.37 million, a P/E ratio of 10.21 and a beta of 1.34. The stock's fifty day moving average price is $19.80 and its 200-day moving average price is $19.20.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.The business had revenue of $400.10 million for the quarter, compared to analyst estimates of $416.10 million.

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 1st. Park-Ohio's dividend payout ratio is 24.63%.

Insider Buying and Selling

In related news, CEO Matthew V. Crawford acquired 4,167 shares of Park-Ohio stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $20.04 per share, with a total value of $83,506.68. Following the completion of the transaction, the chief executive officer directly owned 911,237 shares in the company, valued at $18,261,189.48. This trade represents a 0.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.51% of the stock is currently owned by company insiders.

Institutional Trading of Park-Ohio

Several hedge funds and other institutional investors have recently modified their holdings of PKOH. Gamco Investors INC. ET AL lifted its position in Park-Ohio by 12.3% during the second quarter. Gamco Investors INC. ET AL now owns 1,083,270 shares of the industrial products company's stock worth $19,347,000 after acquiring an additional 118,393 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of 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 worth $6,894,000 after purchasing an additional 61,132 shares during the period. Private Management Group Inc. lifted its holdings in Park-Ohio by 4.2% during the 1st quarter. Private Management Group Inc. now owns 1,004,311 shares of the industrial products company's stock worth $21,693,000 after purchasing an additional 40,594 shares during the last quarter. American Century Companies Inc. boosted its stake in Park-Ohio by 10.2% in the 1st quarter. American Century Companies Inc. now owns 223,044 shares of the industrial products company's stock valued at $4,818,000 after purchasing an additional 20,733 shares during the period. Finally, Strs Ohio acquired a new position in Park-Ohio in the 1st quarter valued at $415,000. Institutional investors own 51.38% of the company's stock.

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.

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