Hyster-Yale Materials Handling, Inc. (NYSE:HY) insider Frank F. Taplin sold 1,178 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total value of $99,423.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hyster-Yale Materials Handling, Inc. (NYSE:HY) traded down $0.09 during trading hours on Wednesday, hitting $83.49. The company’s stock had a trading volume of 30,700 shares, compared to its average volume of 58,550. The stock has a market capitalization of $1,375.89, a P/E ratio of 23.68 and a beta of 1.08. Hyster-Yale Materials Handling, Inc. has a 12-month low of $53.50 and a 12-month high of $93.90. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.3025 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.21 annualized dividend and a dividend yield of 1.45%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 31.59%.
Several equities analysts recently commented on the company. Seaport Global Securities downgraded Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a research note on Monday, November 6th. Sidoti restated a “neutral” rating on shares of Hyster-Yale Materials Handling in a research report on Friday, October 13th. Zacks Investment Research downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Finally, ValuEngine upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Hyster-Yale Materials Handling has an average rating of “Hold” and an average price target of $74.00.
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.
Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.