Wells Fargo & Company MN Purchases 394 Shares of NACCO Industries, Inc. (NYSE:NC)

Wells Fargo & Company MN lifted its stake in NACCO Industries, Inc. (NYSE:NC) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,503 shares of the company’s stock after purchasing an additional 394 shares during the period. Wells Fargo & Company MN’s holdings in NACCO Industries were worth $75,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its position in NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after acquiring an additional 5,499 shares during the period. Empowered Funds LLC grew its position in NACCO Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock valued at $1,087,000 after buying an additional 1,716 shares during the period. JPMorgan Chase & Co. grew its position in NACCO Industries by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock valued at $234,000 after buying an additional 3,615 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in NACCO Industries by 2.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock valued at $569,000 after buying an additional 424 shares during the period. Finally, Trexquant Investment LP purchased a new position in NACCO Industries during the fourth quarter valued at approximately $282,000. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Trading Up 2.2%

Shares of NC opened at $34.31 on Tuesday. NACCO Industries, Inc. has a twelve month low of $25.19 and a twelve month high of $39.65. The company has a market cap of $255.34 million, a P/E ratio of -14.79 and a beta of 0.54. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $34.30 and its 200-day simple moving average is $32.23.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter. The firm had revenue of $65.57 million for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, March 3rd. NACCO Industries’s payout ratio is 19.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of NACCO Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 29th.

NACCO Industries Company Profile

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.