Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 66.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,200 shares of the industrial products company's stock after selling 16,045 shares during the period. Russell Investments Group Ltd.'s holdings in Hyster-Yale Materials Handling were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 15.8% in the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company's stock worth $14,002,000 after buying an additional 37,432 shares during the last quarter. Geode Capital Management LLC boosted 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 worth $16,320,000 after purchasing an additional 1,658 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hyster-Yale Materials Handling by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company's stock worth $5,562,000 after purchasing an additional 2,446 shares in the last quarter. Foundry Partners LLC boosted its position in Hyster-Yale Materials Handling by 6.3% during the fourth quarter. Foundry Partners LLC now owns 78,185 shares of the industrial products company's stock worth $3,982,000 after purchasing an additional 4,660 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Hyster-Yale Materials Handling by 165.5% during the fourth quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company's stock worth $3,220,000 after purchasing an additional 39,415 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE HY traded down $0.06 during midday trading on Tuesday, hitting $38.63. The stock had a trading volume of 1,778 shares, compared to its average volume of 84,615. The company has a market capitalization of $683.55 million, a PE ratio of 4.31 and a beta of 1.32. The stock has a 50 day simple moving average of $42.88 and a 200-day simple moving average of $51.00. Hyster-Yale Materials Handling, Inc. has a 1 year low of $34.13 and a 1 year high of $84.44. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.62%. Hyster-Yale Materials Handling's dividend payout ratio is presently 17.37%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a research report on Monday.

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.