Theodore D. Taplin Sells 1,000 Shares of Hyster-Yale Materials Handling (HY) Stock

Hyster-Yale Materials Handling (NYSE:HY) insider Theodore D. Taplin sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $68.20, for a total transaction of $68,200.00. Following the completion of the sale, the insider now owns 45,472 shares of the company’s stock, valued at approximately $3,101,190.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of NYSE:HY opened at $68.49 on Thursday. Hyster-Yale Materials Handling has a one year low of $67.77 and a one year high of $68.59. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.12 billion, a PE ratio of 18.95 and a beta of 1.14.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. Hyster-Yale Materials Handling had a net margin of 1.53% and a return on equity of 10.39%. The company had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $755.30 million. equities research analysts forecast that Hyster-Yale Materials Handling will post 4.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.31 per share. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.24 annualized dividend and a dividend yield of 1.81%. Hyster-Yale Materials Handling’s payout ratio is currently 29.80%.

Several equities research analysts have weighed in on HY shares. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Saturday, March 17th. Seaport Global Securities upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. TheStreet cut shares of Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a research report on Friday, March 9th. Finally, Robert W. Baird cut shares of Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 price target for the company. in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $71.33.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC grew its holdings in Hyster-Yale Materials Handling by 3.6% during the fourth quarter. Spark Investment Management LLC now owns 49,100 shares of the industrial products company’s stock valued at $4,181,000 after purchasing an additional 1,700 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Hyster-Yale Materials Handling by 17.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 52,295 shares of the industrial products company’s stock valued at $4,454,000 after purchasing an additional 7,647 shares during the period. AXA grew its holdings in Hyster-Yale Materials Handling by 17.9% during the fourth quarter. AXA now owns 64,669 shares of the industrial products company’s stock valued at $5,507,000 after purchasing an additional 9,839 shares during the period. Globeflex Capital L P acquired a new position in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $321,000. Finally, Bogle Investment Management L P DE acquired a new position in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $490,000. Hedge funds and other institutional investors own 54.13% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

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.

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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