Bank of New York Mellon Corp Sells 8,767 Shares of NACCO Industries, Inc. (NYSE:NC)

Bank of New York Mellon Corp trimmed its position in NACCO Industries, Inc. (NYSE:NC) by 19.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,287 shares of the company’s stock after selling 8,767 shares during the period. Bank of New York Mellon Corp’s holdings in NACCO Industries were worth $1,112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NC. State Street Corp grew its stake in shares of NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after purchasing an additional 763 shares during the period. Barclays PLC boosted its holdings in NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after buying an additional 5,499 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of NACCO Industries by 77.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after buying an additional 3,615 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of NACCO Industries by 4.9% in the 4th quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,716 shares during the last quarter. 49.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of NACCO Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 13th.

NACCO Industries Trading Down 1.2 %

Shares of NYSE NC opened at $33.77 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. NACCO Industries, Inc. has a twelve month low of $25.19 and a twelve month high of $34.78. The company’s fifty day moving average is $32.24 and its 200-day moving average is $30.28. The stock has a market cap of $250.94 million, a price-to-earnings ratio of -14.55 and a beta of 0.95.

NACCO Industries (NYSE:NC) last posted its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The firm had revenue of $70.42 million for the quarter.

NACCO Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.2275 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 annualized dividend and a dividend yield of 2.70%. NACCO Industries’s dividend payout ratio is presently 19.87%.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.