Franklin Resources Inc. raised its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 233,373 shares of the industrial products company’s stock after purchasing an additional 399 shares during the period. Franklin Resources Inc. owned 1.86% of Hyster-Yale Materials Handling worth $16,394,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HY. Federated Investors Inc. PA increased its position in Hyster-Yale Materials Handling by 2,279,500.0% during the second quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock worth $4,805,000 after purchasing an additional 68,385 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new position in Hyster-Yale Materials Handling during the second quarter worth approximately $4,402,000. Mutual of America Capital Management LLC acquired a new position in Hyster-Yale Materials Handling during the first quarter worth approximately $3,018,000. JPMorgan Chase & Co. increased its position in Hyster-Yale Materials Handling by 62.8% during the second quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock worth $8,282,000 after purchasing an additional 45,467 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Hyster-Yale Materials Handling by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 908,970 shares of the industrial products company’s stock worth $51,256,000 after purchasing an additional 37,588 shares during the last quarter. 67.37% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Hyster-Yale Materials Handling, Inc. (HY) Shares Bought by Franklin Resources Inc.” was first reported by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/22/hyster-yale-materials-handling-inc-hy-shares-bought-by-franklin-resources-inc.html.

Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) opened at 73.03 on Friday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 20.40 and a beta of 1.05. Hyster-Yale Materials Handling, Inc. has a 52-week low of $48.25 and a 52-week high of $76.48. The stock has a 50 day moving average of $68.74 and a 200 day moving average of $67.16.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.

In related news, insider Susan Sichel sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $64.46, for a total transaction of $80,575.00. Following the transaction, the insider now owns 16,850 shares of the company’s stock, valued at $1,086,151. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank F. Taplin sold 1,464 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $99,918.00. The disclosure for this sale can be found here. Company insiders own 26.34% of the company’s stock.

Several brokerages recently commented on HY. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $74.75.

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.

Want to see what other hedge funds are holding HY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyster-Yale Materials Handling, Inc. (NYSE:HY).

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

Receive News & Ratings for Hyster-Yale Materials Handling Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling Inc. and related companies with MarketBeat.com's FREE daily email newsletter.