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

Raymond James Financial Inc. acquired a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,197 shares of the industrial products company's stock, valued at approximately $417,000.

Several other hedge funds also recently made changes to their positions in HY. Barclays PLC grew its stake in shares of Hyster-Yale Materials Handling by 19.0% in the 3rd quarter. Barclays PLC now owns 26,492 shares of the industrial products company's stock worth $1,690,000 after purchasing an additional 4,226 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Hyster-Yale Materials Handling by 4.7% in the third quarter. Franklin Resources Inc. now owns 18,680 shares of the industrial products company's stock worth $1,260,000 after acquiring an additional 845 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $1,243,000. Principal Financial Group Inc. increased its position in shares of Hyster-Yale Materials Handling by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 10,092 shares of the industrial products company's stock worth $514,000 after acquiring an additional 972 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $321,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.

Hyster-Yale Materials Handling Trading Up 0.7%

Shares of Hyster-Yale Materials Handling stock traded up $0.30 during trading on Thursday, hitting $42.91. The stock had a trading volume of 10,187 shares, compared to its average volume of 82,025. The stock has a 50 day simple moving average of $40.85 and a 200 day simple moving average of $49.10. The company has a market capitalization of $759.38 million, a PE ratio of 4.81 and a beta of 1.49. 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 1 year low of $34.13 and a 1 year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. The firm had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. On average, research analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 3.36%. Hyster-Yale Materials Handling's payout ratio is presently 24.96%.

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.