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

Dumont & Blake Investment Advisors LLC lessened its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 49.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Hyster-Yale Materials Handling in the 1st quarter worth approximately $27,000. Quest Partners LLC increased its holdings in Hyster-Yale Materials Handling by 6,692.3% in the second quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after buying an additional 870 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Hyster-Yale Materials Handling in the second quarter valued at $67,000. DekaBank Deutsche Girozentrale raised its position in shares of Hyster-Yale Materials Handling by 67.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 548 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth about $194,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Price Performance

HY stock traded up $0.20 during trading on Friday, hitting $64.67. The stock had a trading volume of 533 shares, compared to its average volume of 91,594. The company’s 50-day moving average price is $62.50 and its two-hundred day moving average price is $66.82. Hyster-Yale Materials Handling, Inc. has a twelve month low of $38.50 and a twelve month high of $84.44. The stock has a market capitalization of $1.13 billion, a P/E ratio of 7.46 and a beta of 1.31. 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 posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, beating the consensus estimate of $2.28 by $1.30. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same period in the prior year, the company earned $2.21 EPS. As a group, research analysts predict that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.35 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.16%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 16.22%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HY. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Roth Mkm reaffirmed a “buy” rating and set a $84.00 target price (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.