Weik Investment Services Inc. bought a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the industrial products company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Zacks Investment Management bought a new stake in Hyster-Yale Materials Handling in the second quarter valued at $890,000. Voya Investment Management LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 24.7% during the second quarter. Voya Investment Management LLC now owns 4,488 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 888 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Hyster-Yale Materials Handling by 2.1% during the second 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 period. Virtu KCG Holdings LLC acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter valued at $680,000. Finally, Parametric Portfolio Associates LLC grew its position in shares of Hyster-Yale Materials Handling by 5.8% during the second quarter. Parametric Portfolio Associates LLC now owns 36,483 shares of the industrial products company’s stock worth $2,563,000 after acquiring an additional 2,012 shares during the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling, Inc. (HY) traded up 0.88% during mid-day trading on Tuesday, reaching $78.83. The company had a trading volume of 14,653 shares. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 22.02 and a beta of 1.06. Hyster-Yale Materials Handling, Inc. has a 52-week low of $49.84 and a 52-week high of $79.28. The company’s 50 day moving average is $70.81 and its 200 day moving average is $68.22.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.

Several equities analysts have recently commented on the stock. Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a report on Wednesday, June 7th. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average target price of $74.75.

In other news, insider Susan Sichel sold 1,250 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $64.46, for a total transaction of $80,575.00. Following the sale, the insider now directly owns 16,850 shares of the company’s stock, valued at $1,086,151. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank F. Taplin sold 1,464 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $99,918.00. The disclosure for this sale can be found here. 26.34% of the stock is currently owned by corporate insiders.

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About Hyster-Yale Materials Handling

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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