Hyster-Yale Materials Handling Inc (NYSE:HY) insider Frank F. Taplin sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $73.93, for a total transaction of $103,502.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Hyster-Yale Materials Handling Inc (NYSE:HY) traded up 0.16% on Friday, reaching $74.13. 8,010 shares of the company traded hands. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.91 and a beta of 1.05. Hyster-Yale Materials Handling Inc has a 1-year low of $47.25 and a 1-year high of $76.30. The stock’s 50-day moving average is $65.40 and its 200-day moving average is $62.79.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.50. Hyster-Yale Materials Handling had a net margin of 1.89% and a return on equity of 9.95%. The firm had revenue of $713.10 million during the quarter, compared to analysts’ expectations of $668.33 million. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts expect that Hyster-Yale Materials Handling Inc will post $3.76 EPS for the current year.

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 1.63%. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, May 30th. Hyster-Yale Materials Handling’s payout ratio is presently 40.41%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in HY. Russell Investments Group Ltd. bought a new position in Hyster-Yale Materials Handling during the fourth quarter valued at $2,154,000. GSA Capital Partners LLP boosted its position in Hyster-Yale Materials Handling by 284.0% in the fourth quarter. GSA Capital Partners LLP now owns 38,586 shares of the industrial products company’s stock valued at $2,461,000 after buying an additional 28,537 shares during the last quarter. Foundry Partners LLC boosted its position in Hyster-Yale Materials Handling by 16.9% in the first quarter. Foundry Partners LLC now owns 101,671 shares of the industrial products company’s stock valued at $5,733,000 after buying an additional 14,664 shares during the last quarter. Royce & Associates LP boosted its position in Hyster-Yale Materials Handling by 2.1% in the fourth quarter. Royce & Associates LP now owns 228,098 shares of the industrial products company’s stock valued at $14,546,000 after buying an additional 4,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hyster-Yale Materials Handling by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 871,382 shares of the industrial products company’s stock valued at $55,568,000 after buying an additional 6,769 shares during the last quarter. 68.99% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Thursday, May 4th. Robert W. Baird upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $62.00 to $84.00 in a research note on Tuesday, May 2nd. Finally, Seaport Global Securities upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price target for the company in a research note on Thursday, April 20th. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $72.33.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

12 Month Chart for NYSE:HY

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