FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * RANKIN ALFRED M ET AL   2. Issuer Name and Ticker or Trading Symbol NACCO INDUSTRIES INC [NC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) __X__ Other (specify below) Dir CEO Group Member / Dir CEO Group Member (Last) (First) (Middle) NACCO INDUSTRIES, INC., 5875 LANDERBROOK DRIVE, STE. 300 3. Date of Earliest Transaction (Month/Day/Year) 02/24/2005 (Street) MAYFIELD HEIGHTS, OH 44124 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock               32,800 I By Trust 3 (Grandchildren) (12) Class A Common Stock               37,917 I By Trust/Daughter 2 (13) Class A Common Stock               37,917 I By Trust/Daughter 1 (13) Class A Common Stock               2,000 I By Trust 4 (Charities) (14) Class A Common Stock               26,608 I By Trust 2 (SR) (15) Class A Common Stock               30,000 I By Trust (Unitrust) (16) Class A Common Stock               48,803 I By Assoc II (17) Class A Common Stock               14,000 I By IRA (18) Class A Common Stock               5,294 I By Assoc II/Daughter 2 (19) Class A Common Stock               1,975 I By RMI (Delaware) (20) Class A Common Stock               106,615 I By Trust (AMR) (10) Class A Common Stock               66,017 I By Trust (Assoc II-BTR) (21) Class A Common Stock               20,284 I By Spouse/Trust (22) Class A Common Stock               5,294 I By Assoc II/Daughter 1 (19) Class A Common Stock               2,504 I By Trust (Self-Declaration) (23) Class A Common Stock               14,000 I By Trust (CLTR) (24) Class A Common Stock               0 I By Trust (Assoc II-CLTR) (25) Class A Common Stock               2,116 I By Assoc II/Spouse (26) Class A Common Stock 02/24/2005 02/24/2005 J(3)   213,968 D $ 0 86,625 I By RA4 (CLT) (2) Class A Common Stock 02/24/2005 02/24/2005 J(3)   42,288 D $ 0 17,119 I By RA4 (BTR) (5) Class A Common Stock 02/24/2005 02/24/2005 J(3)   7,100 D $ 0 2,875 I By RA4 (6) Class A Common Stock 02/24/2005 02/24/2005 J(3)   18 D $ 0 7 I By GP (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	113,198		113,198	I	By Trust (Assoc I-BTR) (8)
Class B Common Stock	$ 0 (1)							(1)	(1)	Class A Common Stock	126,507		126,507	I	By Assoc I (9)
Class B Common Stock	(1)							(1)	(1)	Class A Common Stock	46,052		46,052	I	By Trust (AMR) (10)
Class B Common Stock	$ 0 (1)							(1)	(1)	Class A Common Stock	106,923		106,923	I	By Trust (Assoc I-CLTR) (11)
Class B Common Stock	$ 0 (1)	02/24/2005	02/24/2005	J(3)		213,968		(1)	(1)	Class A Common Stock	213,968	$ 0	213,968	I	By RA4 (CLT) (2)
Class B Common Stock	$ 0 (1)	02/24/2005	02/24/2005	J(3)		18		(1)	(1)	Class A Common Stock	18	$ 0	18	I	By GP (4)
Class B Common Stock	$ 0 (1)	02/24/2005	02/24/2005	J(3)		42,288		(1)	(1)	Class A Common Stock	42,288	$ 0	42,288	I	By RA4 (BTR) (5)
Class B Common Stock	$ 0 (1)	02/24/2005	02/24/2005	J(3)		7,100		(1)	(1)	Class A Common Stock	7,100	$ 0	7,100	I	By RA4 (6)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RANKIN ALFRED M ET AL NACCO INDUSTRIES, INC. 5875 LANDERBROOK DRIVE, STE. 300 MAYFIELD HEIGHTS, OH 44124	X		Dir CEO Group Member	Dir CEO Group Member

Signatures

/s/Constantine E. Tsipis, attorney-in-fact for Alfred M. Rankin, Jr.		02/28/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	N/A
(2)	(CTR RAIV) Prepresents the proportionate limited partnership interest in shares held by Rankin Associates IV, L.P., which is held in a trust for the benefit of Clara Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(3)	Exchanged shares of Class A Common Stock held in Rankin Associates IV, L.P. for like amount of Class B Common Stock with another member of the Class B Group.
(4)	Represents the Preproting Person's proportionate limited partnership interest in shares of Rankin Associates Associates, IV, L.P. held by the Trust for the benefit of Reporting Person, as general partner.
(5)	(BTR RAIV) Represents the proportionate limited partnership interest in shares held by Rankin Associates IV, L.P., which is held in a trust for the benefit of Bruce T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(6)	Proportionate limited partnership interest in shares held by Rankin Associates IV, L.P.
(7)	(GP)Represents the proportionate limited partnership interest in shares held by Rankin Associates IV, L.P. held by the Trust for the benefit of Reporting Person, as general partner.
(8)	Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held is a trust for the benefit of Bruce T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(9)	Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates I, L.P.
(10)	Reporting Person serves as Trustee of a Trust for the benefit of the Alfred M. Rankin, Jr.
(11)	Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held in a trust for the benefit of Clara T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(12)	Reporting Person serves as Trustee of Trusts for the benefit of each of grantor's grandchildren. Each trust owns 4,800 shares. Reporting Person disclaims beneficial ownership of all such shares.
(13)	Reporting Person serves as Trustee for a Trust held for the Benefit of Reporting Person's daughter. Reporting Person disclaims beneficial ownership of all such shares.
(14)	Reporting Person serves as Trustee of Irrevocable Trust u/a/d 9/22/88, for the Benefit of Charities for a term of 20 years and then to grantor's grandchildren. Reporting Person disclaims beneficial ownership of all such shares.------
(15)	Reporting Person serves as Trustee of Trusts for the benefit of the Estate of Alfred M. Rankin. Reporting Person disclaims bene ficial ownership of all such shares.
(16)	Reporting Person serves as Trustee of the Clara T. Rankin Remainder Unitrust#2 u/a/d 1/5/77. Reporting Person disclaims benefic ial ownership of all such shares.
(17)	Represents the Reporting Person's proportionate limited partnership interest in shares held by Rankin Associates II, L.P.
(18)	Held in an Individual Retirement Account for the benefit of the Reporting Person.
(19)	Represents the Reporting Person's daughter's proportionate limited partnership interest in shares held by Rankin Associate II, L.P., which is held in a trust for the benefit of the daughter. Reporting Person is the co-trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(20)	Represents the Reporting Person's proportionate limited partnership interest in shares of Rankin Associates II, L.P. held by Rankin Management, Inc. ("RMI"), as general partner.
(21)	Represents the proportionate limited partnership interest in shares held by Rankin Associates II, L.P., which is held in a trust for the benefit of Bruce T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(22)	Reporting Person's spouse serves as Trustee of a Trust for the benefit of Victoire G. Rankin. Reporting Person disclaims benefic ial ownership of all such shares.
(23)	Reporting Person serves as the Trustee of the Alfred M. Rankin, Jr., Self-Declaration Irrevocable Trust.
(24)	Reporting Person serves as Trustee of a Trust for the benefit of the Clara L.T. Rankin. Reporting Person disclaims beneficial ow nershp of all such shares.
(25)	Represents the proportionate limited partnership interest in shares held by Rankin Associates II, L.P., which is held in a trust for the benefit of Clara L. T. Rankin. Reporting Person serves as the Trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(26)	Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates II, L.P . Reporting Person disclaims beneficial ownership of all such shares.
Remarks: "Remark on Insider Relationship" - As a member of a "group" deemed to own more than 10% of an equity security as a result of being a party to a Stockholders' Agreement, dated as of March 15, 1990, beneficially owned by each of the signatories to such agreement (the "Agreement", the Reporting Person disclaims beneficial ownership of any such shares of Stock owned by any other signatory to the Agreement.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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