State Street Corp Boosts Stake in NACCO Industries, Inc. (NC)

State Street Corp lifted its holdings in NACCO Industries, Inc. (NYSE:NC) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,741 shares of the company’s stock after buying an additional 2,297 shares during the period. State Street Corp owned approximately 1.27% of NACCO Industries worth $6,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in NACCO Industries by 2.5% during the second quarter. JPMorgan Chase & Co. now owns 206,727 shares of the company’s stock worth $14,647,000 after purchasing an additional 4,955 shares during the last quarter. Northern Trust Corp increased its position in NACCO Industries by 6.9% during the second quarter. Northern Trust Corp now owns 55,291 shares of the company’s stock worth $3,918,000 after purchasing an additional 3,562 shares during the last quarter. FMR LLC increased its position in NACCO Industries by 30.1% during the second quarter. FMR LLC now owns 289,830 shares of the company’s stock worth $20,534,000 after purchasing an additional 67,030 shares during the last quarter. Vanguard Group Inc. increased its position in NACCO Industries by 4.2% during the second quarter. Vanguard Group Inc. now owns 213,267 shares of the company’s stock worth $15,109,000 after purchasing an additional 8,681 shares during the last quarter. Finally, Zuckerman Investment Group LLC increased its position in NACCO Industries by 6.1% during the second quarter. Zuckerman Investment Group LLC now owns 371,017 shares of the company’s stock worth $26,287,000 after purchasing an additional 21,306 shares during the last quarter. Hedge funds and other institutional investors own 48.64% of the company’s stock.

Separately, BidaskClub upgraded shares of NACCO Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th.

Shares of NACCO Industries, Inc. (NYSE:NC) opened at $42.70 on Friday. NACCO Industries, Inc. has a 12-month low of $14.20 and a 12-month high of $48.85. The firm has a market cap of $292.32, a PE ratio of 7.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.09 and a current ratio of 3.80.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from NACCO Industries’s previous quarterly dividend of $0.06. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.55%. NACCO Industries’s dividend payout ratio (DPR) is currently 30.56%.

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About NACCO Industries

NACCO Industries, Inc is a holding company. The Company’s principal business includes mining. The Company operates through the NACoal segment. The Company’s subsidiary includes The North American Coal Corporation (NACoal). The Company’s NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies.

Institutional Ownership by Quarter for NACCO Industries (NYSE:NC)

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