News articles about Hyster-Yale Materials Handling (NYSE:HY) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hyster-Yale Materials Handling earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.4812320041652 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Hyster-Yale Materials Handling Inc (finance.yahoo.com)
- IHS Markit Score downgrades Hyster-Yale Materials Handling Inc to 53 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Hyster-Yale Materials Handling, Inc. (NYSE:HY) Announces Quarterly Dividend of $0.30 (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Hyster-Yale Materials Handling Inc. (finance.yahoo.com)
- Susan Sichel Sells 1,250 Shares of Hyster-Yale Materials Handling, Inc. (HY) Stock (americanbankingnews.com)
HY has been the subject of several research reports. Robert W. Baird upgraded Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $62.00 to $84.00 in a report on Tuesday, May 2nd. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Thursday, April 20th. They noted that the move was a valuation call. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Thursday, May 4th. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. Finally, Sidoti lowered Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 target price for the company. in a report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $74.75.
Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at 67.68 on Friday. The company has a 50-day moving average price of $69.95 and a 200 day moving average price of $65.67. Hyster-Yale Materials Handling has a 12-month low of $47.25 and a 12-month high of $76.48. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.91 and a beta of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.3025 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.21 dividend on an annualized basis and a yield of 1.79%. Hyster-Yale Materials Handling’s dividend payout ratio is 33.80%.
In other Hyster-Yale Materials Handling news, insider Susan Sichel sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $64.46, for a total value of $80,575.00. Following the completion of the transaction, the insider now directly owns 16,850 shares in the company, valued at $1,086,151. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Cory Freyer sold 3,128 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $74.81, for a total value of $234,005.68. Following the completion of the transaction, the insider now owns 8,000 shares of the company’s stock, valued at $598,480. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,778 shares of company stock valued at $418,083. Corporate insiders own 26.34% of the company’s stock.
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.
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