Hyster-Yale Materials Handling Inc. Plans Quarterly Dividend of $0.28 (HY)
Hyster-Yale Materials Handling (NYSE:HY) announced a quarterly dividend on Tuesday, August 12th, ARN reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.275 per share on Tuesday, September 16th. This represents a $1.10 annualized dividend and a dividend yield of 1.50%.
A number of research firms have recently commented on HY. Analysts at Robert W. Baird cut their price target on shares of Hyster-Yale Materials Handling from $96.00 to $91.00 in a research note on Friday, August 1st. Finally, analysts at Global Hunter Securities initiated coverage on shares of Hyster-Yale Materials Handling in a research note on Thursday, June 19th. They set a “buy” rating and a $104.00 price target on the stock.
Shares of Hyster-Yale Materials Handling (NYSE:HY) traded up 1.39% during mid-day trading on Tuesday, hitting $74.47. The stock had a trading volume of 84,702 shares. Hyster-Yale Materials Handling has a one year low of $68.97 and a one year high of $108.13. The stock’s 50-day moving average is $84.57 and its 200-day moving average is $90.62. The company has a market cap of $1.248 billion and a price-to-earnings ratio of 11.88.
Hyster-Yale Materials Handling (NYSE:HY) last released its earnings data on Wednesday, July 30th. The company reported $1.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.54 by $0.41. The company had revenue of $684.70 million for the quarter, compared to the consensus estimate of $691.85 million. During the same quarter in the prior year, the company posted $2.16 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Hyster-Yale Materials Handling will post $5.85 earnings per share for the current fiscal year.
In other Hyster-Yale Materials Handling news, Insider Claiborne R. Rankin, Jr. sold 2,900 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $76.61, for a total value of $222,169.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Hyster-Yale Materials Handling, Inc (NYSE:HY), formerly NMHG Holding Co, , designs, engineers, manufactures, sells and services a line of lift trucks and aftermarket parts.
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