Hyster-Yale Materials Handling, Inc. (HY) Insider Sells $99,423.20 in Stock

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 large investors have recently bought and sold shares of the business. Federated Investors Inc. PA raised its position in shares of Hyster-Yale Materials Handling by 2,279,500.0% in the second quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock worth $4,805,000 after buying an additional 68,385 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Hyster-Yale Materials Handling by 62.8% in the second quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock worth $8,282,000 after buying an additional 45,467 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hyster-Yale Materials Handling by 5.6% in the first quarter. Vanguard Group Inc. now owns 634,959 shares of the industrial products company’s stock worth $35,805,000 after buying an additional 33,777 shares in the last quarter. Argent Capital Management LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the second quarter worth $2,359,000. Finally, Curbstone Financial Management Corp raised its position in shares of Hyster-Yale Materials Handling by 100.0% in the third quarter. Curbstone Financial Management Corp now owns 61,940 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 30,970 shares in the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

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.

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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.

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