NACCO Industries, Inc. (NC) Position Increased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of NACCO Industries, Inc. (NYSE:NC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,304 shares of the company’s stock after buying an additional 67 shares during the period. Wells Fargo & Company MN owned 0.06% of NACCO Industries worth $234,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NC. IndexIQ Advisors LLC purchased a new position in NACCO Industries during the second quarter valued at $481,000. Bowling Portfolio Management LLC lifted its holdings in NACCO Industries by 87.1% during the second quarter. Bowling Portfolio Management LLC now owns 16,447 shares of the company’s stock valued at $1,165,000 after purchasing an additional 7,658 shares in the last quarter. Spark Investment Management LLC lifted its holdings in NACCO Industries by 14.2% during the second quarter. Spark Investment Management LLC now owns 18,500 shares of the company’s stock valued at $1,310,000 after purchasing an additional 2,300 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in NACCO Industries by 2.5% during the second quarter. JPMorgan Chase & Co. now owns 206,727 shares of the company’s stock valued at $14,647,000 after purchasing an additional 4,955 shares in the last quarter. 48.79% of the stock is currently owned by hedge funds and other institutional investors.

NACCO Industries, Inc. (NYSE:NC) opened at $47.10 on Tuesday. The company has a current ratio of 3.80, a quick ratio of 3.09 and a debt-to-equity ratio of 0.28. The stock has a market cap of $322.46, a price-to-earnings ratio of 7.71 and a beta of 0.14. NACCO Industries, Inc. has a twelve month low of $14.20 and a twelve month high of $47.60.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.40%. This is an increase from NACCO Industries’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, November 30th. NACCO Industries’s dividend payout ratio (DPR) is presently 33.23%.

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Several equities analysts have issued reports on the stock. BidaskClub raised shares of NACCO Industries from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. TheStreet downgraded shares of NACCO Industries from a “b-” rating to a “c” rating in a report on Monday, July 31st.

About NACCO Industries

NACCO Industries, Inc is a holding company. The Company’s principal business includes mining. The Company operates through the NACoal segment. The Company’s subsidiary includes The North American Coal Corporation (NACoal). The Company’s NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies.

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Institutional Ownership by Quarter for NACCO Industries (NYSE:NC)

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