Nationwide Fund Advisors raised its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 28.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,274 shares of the industrial products company’s stock after purchasing an additional 13,948 shares during the quarter. Nationwide Fund Advisors owned about 0.50% of Hyster-Yale Materials Handling worth $4,837,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Mutual of America Capital Management LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 18.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 72,647 shares of the industrial products company’s stock valued at $5,553,000 after acquiring an additional 11,347 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 68.1% in the 2nd quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock valued at $1,982,000 after acquiring an additional 11,424 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Hyster-Yale Materials Handling in the 2nd quarter valued at $966,000. Dimensional Fund Advisors LP boosted its holdings in shares of Hyster-Yale Materials Handling by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 927,810 shares of the industrial products company’s stock valued at $65,179,000 after acquiring an additional 18,840 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in shares of Hyster-Yale Materials Handling by 2,279,500.0% in the 2nd quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock valued at $4,805,000 after acquiring an additional 68,385 shares during the last quarter. Institutional investors and hedge funds own 50.96% of the company’s stock.

In related news, insider Frank F. Taplin sold 1,178 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total transaction of $99,423.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 26.34% of the company’s stock.

Several analysts have recently commented on the stock. Seaport Global Securities downgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a report on Monday, November 6th. Sidoti reaffirmed a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $74.00.

Shares of Hyster-Yale Materials Handling, Inc. (HY) traded down $1.43 during midday trading on Friday, reaching $82.35. 58,400 shares of the company were exchanged, compared to its average volume of 58,552. Hyster-Yale Materials Handling, Inc. has a 12-month low of $53.50 and a 12-month high of $93.90. The stock has a market capitalization of $1,379.19, a P/E ratio of 23.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 1.02.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 31.59%.

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Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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