ValuEngine lowered shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) from a buy rating to a hold rating in a report issued on Monday.

Several other equities research analysts have also recently commented on HY. Zacks Investment Research cut Hyster-Yale Materials Handling from a hold rating to a sell rating in a research note on Tuesday, August 8th. Sidoti upgraded Hyster-Yale Materials Handling from a neutral rating to a buy rating in a research note on Tuesday, August 8th. Finally, BidaskClub cut Hyster-Yale Materials Handling from a hold rating to a sell rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $74.00.

Hyster-Yale Materials Handling (NYSE:HY) traded up 1.69% during trading on Monday, reaching $79.90. 59,755 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $71.64 and a 200-day moving average of $68.51. The stock has a market capitalization of $1.31 billion, a PE ratio of 22.32 and a beta of 1.06. Hyster-Yale Materials Handling has a 52 week low of $49.84 and a 52 week high of $80.24.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 1.54%. The ex-dividend date was Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 33.80%.

In related news, insider Frank F. Taplin sold 1,464 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $99,918.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Susan Sichel sold 1,250 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.46, for a total value of $80,575.00. Following the sale, the insider now directly owns 16,850 shares in the company, valued at approximately $1,086,151. The disclosure for this sale can be found here. 26.34% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Hyster-Yale Materials Handling by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 927,810 shares of the industrial products company’s stock valued at $65,179,000 after acquiring an additional 18,840 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 3.9% during the second quarter. Vanguard Group Inc. now owns 659,764 shares of the industrial products company’s stock valued at $46,348,000 after acquiring an additional 24,805 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Hyster-Yale Materials Handling by 9.5% during the second quarter. Royce & Associates LP now owns 284,957 shares of the industrial products company’s stock valued at $20,018,000 after acquiring an additional 24,619 shares during the last quarter. State Street Corp boosted its stake in shares of Hyster-Yale Materials Handling by 10.4% during the second quarter. State Street Corp now owns 219,916 shares of the industrial products company’s stock valued at $15,446,000 after acquiring an additional 20,740 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hyster-Yale Materials Handling by 62.8% during the second quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock valued at $8,282,000 after acquiring an additional 45,467 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

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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