Hyster-Yale Materials Handling, Inc. (NYSE:HY) Position Cut by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. decreased its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 201,702 shares of the industrial products company’s stock after selling 9,319 shares during the period. Diamond Hill Capital Management Inc. owned 1.23% of Hyster-Yale Materials Handling worth $14,170,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Foundry Partners LLC boosted its position in shares of Hyster-Yale Materials Handling by 16.9% in the first quarter. Foundry Partners LLC now owns 101,671 shares of the industrial products company’s stock valued at $5,733,000 after buying an additional 14,664 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Hyster-Yale Materials Handling by 12.8% in the first quarter. Bahl & Gaynor Inc. now owns 12,219 shares of the industrial products company’s stock valued at $689,000 after buying an additional 1,385 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Hyster-Yale Materials Handling by 38.7% in the first quarter. First Trust Advisors LP now owns 29,262 shares of the industrial products company’s stock valued at $1,650,000 after buying an additional 8,167 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Hyster-Yale Materials Handling during the first quarter valued at $110,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Hyster-Yale Materials Handling by 15.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 81,543 shares of the industrial products company’s stock valued at $4,599,000 after buying an additional 11,080 shares in the last quarter. 69.05% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling, Inc. (HY) opened at 67.85 on Friday. Hyster-Yale Materials Handling, Inc. has a 1-year low of $47.25 and a 1-year high of $76.50. The company has a market capitalization of $1.12 billion, a PE ratio of 18.95 and a beta of 1.05. The company has a 50 day moving average of $69.55 and a 200 day moving average of $65.86.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.3025 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.21 annualized dividend and a yield of 1.78%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 33.80%.

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HY has been the subject of several research reports. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. TheStreet raised shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Robert W. Baird raised shares of Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $62.00 to $84.00 in a research note on Tuesday, May 2nd. Finally, Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price target for the company. in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.75.

In related news, insider Cory Freyer sold 3,128 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the completion of the sale, the insider now owns 8,000 shares in the company, valued at $598,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frank F. Taplin sold 1,400 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $73.93, for a total value of $103,502.00. The disclosure for this sale can be found here. Insiders have sold 5,778 shares of company stock valued at $418,083 in the last quarter. 26.34% of the stock is currently owned by corporate insiders.

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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