Dumont & Blake Investment Advisors LLC Lowers Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Dumont & Blake Investment Advisors LLC reduced its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 49.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,159 shares of the industrial products company’s stock after selling 13,049 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Hyster-Yale Materials Handling were worth $839,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the 1st quarter valued at approximately $27,000. Quest Partners LLC increased its holdings in Hyster-Yale Materials Handling by 6,692.3% in the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 870 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Hyster-Yale Materials Handling in the second quarter valued at approximately $67,000. DekaBank Deutsche Girozentrale lifted its stake in Hyster-Yale Materials Handling by 67.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 548 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Hyster-Yale Materials Handling during the first quarter worth $190,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Stock Up 0.3 %

Shares of Hyster-Yale Materials Handling stock traded up $0.20 on Friday, reaching $64.67. 533 shares of the company were exchanged, compared to its average volume of 91,594. The stock’s 50 day moving average price is $62.50 and its 200-day moving average price is $66.82. The company has a market cap of $1.13 billion, a P/E ratio of 7.46 and a beta of 1.31. Hyster-Yale Materials Handling, Inc. has a 1-year low of $38.50 and a 1-year high of $84.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63.

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

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 16.22%.

Analysts Set New Price Targets

HY has been the topic of several research analyst reports. StockNews.com upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Roth Mkm reiterated a “buy” rating and set a $84.00 price target (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Finally, Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hyster-Yale Materials Handling currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Hyster-Yale Materials Handling Profile

Hyster-Yale, 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.