De Lisle Partners LLP Purchases 7,642 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

De Lisle Partners LLP increased its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 23.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,241 shares of the industrial products company’s stock after buying an additional 7,642 shares during the quarter. De Lisle Partners LLP owned 0.23% of Hyster-Yale Materials Handling worth $2,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in Hyster-Yale Materials Handling in the 1st quarter worth approximately $27,000. Covestor Ltd lifted its stake in Hyster-Yale Materials Handling by 21,350.0% in the third quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 427 shares during the period. Quest Partners LLC boosted its holdings in Hyster-Yale Materials Handling by 6,692.3% in the second quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 870 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Hyster-Yale Materials Handling in the second quarter valued at $67,000. Finally, DekaBank Deutsche Girozentrale increased its position in Hyster-Yale Materials Handling by 67.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 548 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE HY opened at $56.14 on Thursday. The company has a 50 day simple moving average of $61.28 and a two-hundred day simple moving average of $66.00. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $47.05 and a fifty-two week high of $84.44. The company has a market capitalization of $982.90 million, a price-to-earnings ratio of 6.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($1.00). The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. During the same quarter in the previous year, the company earned $2.06 EPS. Analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 29th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 15.71%.

Hyster-Yale Materials Handling announced that its board has approved a stock repurchase program on Monday, November 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have weighed in on HY shares. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Roth Mkm dropped their price target on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Hyster-Yale Materials Handling has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

About Hyster-Yale Materials Handling

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.