Hyster-Yale Materials Handling, Inc. (NYSE:HY – Get Free Report) announced a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Friday, May 31st will be paid a dividend of 0.35 per share by the industrial products company on Friday, June 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, May 31st. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33.
Hyster-Yale Materials Handling has increased its dividend payment by an average of 0.7% annually over the last three years and has increased its dividend every year for the last 1 years.
Hyster-Yale Materials Handling Stock Performance
Shares of HY stock opened at $79.11 on Friday. The stock has a fifty day moving average of $61.03 and a 200 day moving average of $58.61. Hyster-Yale Materials Handling has a 52 week low of $38.50 and a 52 week high of $79.66. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 10.91 and a beta of 1.49. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62.
Insider Activity at Hyster-Yale Materials Handling
In related news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the sale, the insider now owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.65, for a total value of $293,250.00. Following the sale, the insider now owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the sale, the insider now directly owns 367,152 shares in the company, valued at approximately $21,331,531.20. The disclosure for this sale can be found here. 33.93% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HY. Roth Mkm restated a “buy” rating and set a $87.00 price target (up from $85.00) on shares of Hyster-Yale Materials Handling in a report on Thursday. StockNews.com downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Finally, TheStreet downgraded Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a report on Monday, March 4th.
Read Our Latest Report on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, 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.
See Also
- Five stocks we like better than Hyster-Yale Materials Handling
- What is Insider Trading? What You Can Learn from Insider Trading
- Will the Biotech Sector Shift From Lagger to Leader?
- Profitably Trade Stocks at 52-Week Highs
- Robinhood Soars: Dissecting a Record-Breaking Q1 2024
- CD Calculator: Certificate of Deposit Calculator
- Plug Power is Building the Future of Hydrogen Despite Headwinds
Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.