Today’s Stock On Watch: What’s Park-Ohio Holdings Corp. Upside After Touching 52-Week High?

Today's Stock On Watch: What's Park Ohio Holdings Corp. Upside After Touching 52 Week High?

The stock of Park-Ohio Holdings Corp. (NASDAQ:PKOH) hit a new 52-week high and has $45.63 target or 6.00% above today’s $43.05 share price. The 5 months bullish chart indicates low risk for the $550.33 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $45.63 price target is reached, the company will be worth $33.02 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.26% or $0.55 during the last trading session, hitting $43.05. About 17,929 shares traded hands. Park-Ohio Holdings Corp. (NASDAQ:PKOH) has risen 6.29% since April 22, 2016 and is uptrending. It has outperformed by 0.88% the S&P500.

Analysts await Park-Ohio Holdings Corp. (NASDAQ:PKOH) to report earnings on March, 10. They expect $0.75 EPS, down 34.78% or $0.40 from last year’s $1.15 per share. PKOH’s profit will be $9.59M for 14.35 P/E if the $0.75 EPS becomes a reality. After $1.13 actual EPS reported by Park-Ohio Holdings Corp. for the previous quarter, Wall Street now forecasts -33.63% negative EPS growth.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Ratings Coverage

Out of 2 analysts covering Park-Ohio Holdings Corp. (NASDAQ:PKOH), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Park-Ohio Holdings Corp. has been the topic of 2 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Sidoti initiated Park-Ohio Holdings Corp. (NASDAQ:PKOH) on Tuesday, August 30 with “Buy” rating. The stock has “Sell” rating given by Zacks on Tuesday, September 22.

According to Zacks Investment Research, “Park Ohio Holdings Corp. operates through two segments, Manufactured Products and Logistics, which serve a wide variety of industrial markets. Manufactured Products designs and manufactures a broad range of high quality products engineered for specific customer applications. The principal customers of Manufactured Products are original equipment manufacturers and end-users in the automotive, railroad, truck and aerospace industries. Logistics is a leading national supplier of fasteners (e.g., nuts, bolts and screws) and other industrial products.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.61, from 1.75 in 2016Q1. The ratio is negative, as 9 funds sold all Park-Ohio Holdings Corp. shares owned while 19 reduced positions. 14 funds bought stakes while 35 increased positions. They now own 6.82 million shares or 1.12% more from 6.75 million shares in 2016Q1.
Nationwide Fund Advsr has invested 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH). The Massachusetts-based Monarch Prns Asset Mgmt Ltd Limited Liability Company has invested 0.03% in Park-Ohio Holdings Corp. (NASDAQ:PKOH). Tower Rech Ltd Liability Corp (Trc) accumulated 0% or 944 shares. Blackrock Institutional Trust Com Na last reported 0% of its portfolio in the stock. Royal Bank & Trust Of Canada, a Ontario – Canada-based fund reported 6,536 shares. Tiaa Cref Ltd Liability accumulated 26,959 shares or 0% of the stock. Blackrock Fund Advsrs last reported 0% of its portfolio in the stock. Putnam Ltd Llc holds 0.01% or 119,466 shares in its portfolio. Ubs Asset Mngmt Americas holds 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH) for 7,800 shares. Wedge Cap L Lp Nc, a North Carolina-based fund reported 34,000 shares. Blackrock Group Inc Limited holds 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH) for 7,846 shares. Allianz Asset Mgmt Ag last reported 0.01% of its portfolio in the stock. Barclays Public Ltd Co holds 2,978 shares or 0% of its portfolio. Metropolitan Life Insurance New York last reported 6,899 shares in the company. Deutsche Savings Bank Ag accumulated 4,947 shares or 0% of the stock.

Insider Transactions: Since August 11, 2016, the stock had 0 insider purchases, and 12 selling transactions for $2.16 million net activity. The insider WERT JAMES W sold 1,000 shares worth $36,050. $251,988 worth of Park-Ohio Holdings Corp. (NASDAQ:PKOH) was sold by CRAWFORD MATTHEW V. FOGARTY PATRICK W had sold 2,300 shares worth $78,300 on Wednesday, August 17.

More recent Park-Ohio Holdings Corp. (NASDAQ:PKOH) news were published by: Quotes.Wsj.com which released: “News Park-Ohio Holdings Corp.PKOH” on October 31, 2003. Also Marketwatch.com published the news titled: “Park-Ohio Holdings downgraded to market perform from outperform at FBR & Co.” on February 15, 2011. Nasdaq.com‘s news article titled: “Park-Ohio Holdings Corp. (PKOH) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016 was also an interesting one.

PKOH Company Profile

Park-Ohio Holdings Corp. (Holdings), incorporated on February 17, 1998, operates through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc. (Park-Ohio). Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three divisions: Supply Technologies, Assembly Components and Engineered Products.

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