Rhumbline Advisers Purchases 2,282 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Rhumbline Advisers increased its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,581 shares of the industrial products company’s stock after buying an additional 2,282 shares during the period. Rhumbline Advisers owned about 0.10% of Hyster-Yale Materials Handling worth $1,226,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HY. CWM LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 0.5% during the 2nd quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock valued at $2,928,000 after purchasing an additional 192 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Hyster-Yale Materials Handling by 2.4% during the 2nd quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock valued at $721,000 after purchasing an additional 240 shares during the last quarter. Mcdonald Partners LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock valued at $2,807,000 after purchasing an additional 352 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 395 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Hyster-Yale Materials Handling during the 1st quarter valued at about $27,000. Institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

HY has been the topic of several recent research reports. Northland Capmk cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Roth Mkm restated a “buy” rating and set a $84.00 target price (down from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. Northland Securities upgraded shares of Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Wednesday, June 5th. Finally, StockNews.com cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Hyster-Yale Materials Handling presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Hyster-Yale Materials Handling Price Performance

Shares of HY stock opened at $61.80 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. The company has a market capitalization of $1.08 billion, a P/E ratio of 7.16 and a beta of 1.31. The company’s 50-day simple moving average is $65.19 and its two-hundred day simple moving average is $66.13. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $2.21 earnings per share. As a group, equities analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a yield of 2.27%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 16.22%.

Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.