Dumont & Blake Investment Advisors LLC Increases Holdings in Hyster-Yale, Inc. $HY

Dumont & Blake Investment Advisors LLC lifted its position in shares of Hyster-Yale, Inc. (NYSE:HY) by 18.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,621 shares of the industrial products company’s stock after buying an additional 2,432 shares during the period. Dumont & Blake Investment Advisors LLC owned about 0.09% of Hyster-Yale worth $621,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Hyster-Yale by 10.1% during the 1st quarter. American Century Companies Inc. now owns 302,815 shares of the industrial products company’s stock valued at $12,579,000 after buying an additional 27,891 shares in the last quarter. Valueworks LLC raised its holdings in shares of Hyster-Yale by 10.4% during the 1st quarter. Valueworks LLC now owns 282,907 shares of the industrial products company’s stock valued at $11,752,000 after buying an additional 26,567 shares in the last quarter. Millennium Management LLC grew its position in Hyster-Yale by 20.5% during the 1st quarter. Millennium Management LLC now owns 119,560 shares of the industrial products company’s stock worth $4,967,000 after acquiring an additional 20,305 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Hyster-Yale by 9.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 115,461 shares of the industrial products company’s stock worth $4,796,000 after acquiring an additional 10,180 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in Hyster-Yale by 32.6% during the 1st quarter. Vontobel Holding Ltd. now owns 107,486 shares of the industrial products company’s stock worth $4,465,000 after acquiring an additional 26,414 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Price Performance

Shares of HY stock opened at $35.51 on Friday. The firm has a market cap of $629.25 million, a P/E ratio of 28.64 and a beta of 1.51. Hyster-Yale, Inc. has a fifty-two week low of $34.12 and a fifty-two week high of $68.36. The business’s 50 day moving average price is $36.84 and its 200-day moving average price is $39.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.65 and a current ratio of 1.40.

Hyster-Yale (NYSE:HY) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). The business had revenue of $956.60 million during the quarter, compared to the consensus estimate of $936.90 million. Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%. On average, equities research analysts anticipate that Hyster-Yale, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 29th were given a dividend of $0.36 per share. The ex-dividend date was Friday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 4.1%. Hyster-Yale’s payout ratio is currently 116.13%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HY. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyster-Yale in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $70.00.

About Hyster-Yale

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.