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

Dumont & Blake Investment Advisors LLC reduced its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 49.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,159 shares of the industrial products company's stock after selling 13,049 shares during the quarter. Dumont & Blake Investment Advisors LLC owned 0.08% of Hyster-Yale Materials Handling worth $839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Hyster-Yale Materials Handling by 29.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company's stock worth $18,462,000 after purchasing an additional 65,708 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Hyster-Yale Materials Handling by 296.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,397 shares of the industrial products company's stock worth $1,566,000 after buying an additional 18,247 shares during the period. Swedbank AB purchased a new stake in Hyster-Yale Materials Handling in the first quarter worth about $5,519,000. Acadian Asset Management LLC lifted its holdings in Hyster-Yale Materials Handling by 77.2% in the first quarter. Acadian Asset Management LLC now owns 134,959 shares of the industrial products company's stock worth $8,656,000 after buying an additional 58,814 shares during the period. Finally, Sei Investments Co. lifted its holdings in Hyster-Yale Materials Handling by 24.8% in the second quarter. Sei Investments Co. now owns 44,166 shares of the industrial products company's stock worth $3,080,000 after buying an additional 8,764 shares during the period. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Stock Up 0.2 %

Shares of HY traded up $0.14 on Friday, hitting $64.61. 37,013 shares of the stock traded hands, compared to its average volume of 91,770. The company has a market capitalization of $1.13 billion, a PE ratio of 7.49 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.31. The business has a 50 day simple moving average of $62.60 and a 200 day simple moving average of $66.81. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $2.21 earnings per share. As a group, equities analysts forecast that Hyster-Yale Materials Handling, Inc. will post 9.69 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling's payout ratio is 16.22%.

Wall Street Analyst Weigh In

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

Hyster-Yale Materials Handling Company 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.