Hyster-Yale Materials Handling Inc (NYSE:HY) insider John C. Butler, Jr. bought 222 shares of the stock in a transaction on Friday, November 9th. The stock was purchased at an average price of $64.98 per share, for a total transaction of $14,425.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of HY traded up $0.51 during mid-day trading on Friday, hitting $63.74. The stock had a trading volume of 2,306 shares, compared to its average volume of 50,363. The firm has a market cap of $1.03 billion, a PE ratio of 15.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 0.83. Hyster-Yale Materials Handling Inc has a 52 week low of $56.40 and a 52 week high of $91.39.

Hyster-Yale Materials Handling (NYSE:HY) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.33. Hyster-Yale Materials Handling had a return on equity of 7.86% and a net margin of 1.07%. The firm had revenue of $782.90 million for the quarter, compared to analyst estimates of $761.20 million. During the same period in the previous year, the company posted $1.00 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.95%. Hyster-Yale Materials Handling’s payout ratio is 30.54%.

Several large investors have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC raised its stake in shares of Hyster-Yale Materials Handling by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 32,507 shares of the industrial products company’s stock valued at $2,000,000 after purchasing an additional 1,226 shares during the period. MetLife Investment Advisors LLC grew its position in Hyster-Yale Materials Handling by 56.0% during the third quarter. MetLife Investment Advisors LLC now owns 7,761 shares of the industrial products company’s stock worth $478,000 after buying an additional 2,785 shares in the last quarter. Putnam Investments LLC purchased a new position in Hyster-Yale Materials Handling during the third quarter worth about $1,265,000. Matarin Capital Management LLC purchased a new position in Hyster-Yale Materials Handling during the third quarter worth about $4,949,000. Finally, Renaissance Technologies LLC purchased a new position in Hyster-Yale Materials Handling during the third quarter worth about $843,000. Institutional investors own 50.44% of the company’s stock.

HY has been the topic of several research reports. ValuEngine lowered Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. TheStreet upgraded Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a research note on Wednesday, October 31st. Four research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $76.00.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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