Wells Fargo & Company MN lowered its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 64.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,718 shares of the industrial products company’s stock after selling 13,875 shares during the period. Wells Fargo & Company MN owned approximately 0.06% of Hyster-Yale Materials Handling worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in HY. American Century Companies Inc. bought a new stake in Hyster-Yale Materials Handling in the 2nd quarter worth approximately $966,000. Federated Investors Inc. PA grew its position in Hyster-Yale Materials Handling by 2,279,500.0% in the 2nd quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock worth $4,805,000 after purchasing an additional 68,385 shares during the period. JPMorgan Chase & Co. grew its position in Hyster-Yale Materials Handling by 62.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock worth $8,282,000 after purchasing an additional 45,467 shares during the period. SG Americas Securities LLC bought a new stake in Hyster-Yale Materials Handling in the 1st quarter worth approximately $110,000. Finally, Credit Suisse AG grew its position in Hyster-Yale Materials Handling by 27.9% in the 1st quarter. Credit Suisse AG now owns 17,047 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 3,721 shares during the period. 51.71% of the stock is owned by institutional investors.

In other news, insider Frank F. Taplin sold 1,464 shares of Hyster-Yale Materials Handling stock in a transaction on Friday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $99,918.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.34% of the company’s stock.

A number of research firms have commented on HY. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Seaport Global Securities downgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research report on Monday, November 6th. Finally, ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average target price of $74.00.

Hyster-Yale Materials Handling, Inc. (NYSE HY) opened at $80.93 on Friday. The firm has a market cap of $1,331.95, a price-to-earnings ratio of 22.93 and a beta of 1.06. Hyster-Yale Materials Handling, Inc. has a one year low of $53.50 and a one year high of $93.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 1.64.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 31.59%.

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Hyster-Yale Materials Handling Profile

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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Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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