NACCO Industries, Inc. (NYSE:NC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,287 shares of the company's stock after selling 8,767 shares during the period. Bank of New York Mellon Corp owned about 0.51% of NACCO Industries worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company's stock valued at $199,000 after purchasing an additional 5,499 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in NACCO Industries by 77.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company's stock valued at $234,000 after purchasing an additional 3,615 shares during the last quarter. Empowered Funds LLC grew 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 buying an additional 1,716 shares during the period. Finally, State Street Corp increased its holdings in shares of NACCO Industries by 1.0% during the 3rd quarter. State Street Corp now owns 78,276 shares of the company's stock worth $2,219,000 after buying an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 49.10% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded NACCO Industries from a "hold" rating to a "buy" rating in a research report on Thursday, March 13th.

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NACCO Industries Trading Down 2.3 %

Shares of NYSE:NC traded down $0.81 during midday trading on Friday, reaching $33.87. 10,821 shares of the company's stock were exchanged, compared to its average volume of 14,714. The firm's 50 day simple moving average is $32.40 and its two-hundred day simple moving average is $30.39. NACCO Industries, Inc. has a fifty-two week low of $25.19 and a fifty-two week high of $34.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The stock has a market cap of $251.68 million, a price-to-earnings ratio of -14.60 and a beta of 0.95.

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

NACCO Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 annualized dividend and a dividend yield of 2.69%. NACCO Industries's dividend payout ratio is presently 19.87%.

NACCO Industries Company Profile

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.