5 Most Promising Robotics Stocks According to Analysts

2. Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Number of Hedge Fund Holders: 11

Upside Potential as of July 13: 56.81%

With a history that dates back to 1989, Hyster-Yale Materials Handling, Inc. (NYSE:HY) designs, engineers, manufactures, sells, and services lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names.

On May 2, Hyster-Yale Materials Handling, Inc. (NYSE:HY) released its financial results for Q1 2023. Its revenue increased by 21% y-o-y to $1.0 billion while it generated a net income of $27 million, compared to a net loss of $25 million.

The Board of Directors of Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced a 0.8% increase in its quarterly dividend to $0.325 per share from $0.3225, on May 9. Its shares currently have a dividend yield of 2.72%.