Raymond James Financial Inc. Purchases Shares of 8,197 Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Raymond James Financial Inc. purchased a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,197 shares of the industrial products company's stock, valued at approximately $417,000.

A number of other institutional investors have also recently bought and sold shares of HY. US Bancorp DE boosted its position in Hyster-Yale Materials Handling by 29.1% during the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company's stock worth $88,000 after acquiring an additional 389 shares during the period. Bailard Inc. lifted its position in shares of Hyster-Yale Materials Handling by 15.9% in the fourth quarter. Bailard Inc. now owns 5,100 shares of the industrial products company's stock worth $260,000 after purchasing an additional 700 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Hyster-Yale Materials Handling by 4.7% during the third quarter. Franklin Resources Inc. now owns 18,680 shares of the industrial products company's stock worth $1,260,000 after purchasing an additional 845 shares during the period. Principal Financial Group Inc. grew its position in Hyster-Yale Materials Handling by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 10,092 shares of the industrial products company's stock valued at $514,000 after purchasing an additional 972 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Hyster-Yale Materials Handling by 0.7% during the third quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company's stock valued at $16,320,000 after purchasing an additional 1,658 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

Hyster-Yale Materials Handling Stock Up 1.4 %

Shares of HY traded up $0.53 during midday trading on Friday, reaching $37.96. 55,401 shares of the stock were exchanged, compared to its average volume of 85,610. The company has a market cap of $671.78 million, a price-to-earnings ratio of 4.26 and a beta of 1.32. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a 12-month low of $34.13 and a 12-month high of $84.44. The firm has a 50 day simple moving average of $46.05 and a 200-day simple moving average of $53.05.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio is 17.37%.

About Hyster-Yale Materials Handling

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.