Vaughan Nelson Investment Management L.P. bought a new stake in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 709,335 shares of the industrial products company's stock, valued at approximately $26,416,000. Vaughan Nelson Investment Management L.P. owned about 2.47% of Columbus McKinnon at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of CMCO. Mascoma Wealth Management LLC acquired a new stake in Columbus McKinnon in the 3rd quarter worth $25,000. Palouse Capital Management Inc. acquired a new stake in Columbus McKinnon during the third quarter worth about $144,000. Millburn Ridgefield Corp bought a new position in Columbus McKinnon during the third quarter valued at about $155,000. Park Avenue Securities LLC acquired a new position in Columbus McKinnon in the 4th quarter valued at approximately $239,000. Finally, SG Americas Securities LLC bought a new stake in shares of Columbus McKinnon in the 3rd quarter worth approximately $244,000. Institutional investors own 95.96% of the company's stock.
Columbus McKinnon Price Performance
Shares of CMCO stock traded down $14.58 during trading hours on Tuesday, hitting $20.90. The company had a trading volume of 2,976,405 shares, compared to its average volume of 276,224. Columbus McKinnon Co. has a 12 month low of $19.61 and a 12 month high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The firm's fifty day moving average is $37.01 and its 200 day moving average is $35.31. The firm has a market capitalization of $599.62 million, a price-to-earnings ratio of 39.43 and a beta of 1.22.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 9.20% and a net margin of 1.51%. On average, sell-side analysts predict that Columbus McKinnon Co. will post 2.98 EPS for the current fiscal year.
Columbus McKinnon Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a yield of 1.34%. Columbus McKinnon's dividend payout ratio (DPR) is presently 52.83%.
Insiders Place Their Bets
In other Columbus McKinnon news, Director Christopher J. Stephens acquired 1,000 shares of Columbus McKinnon stock in a transaction on Thursday, November 14th. The shares were bought at an average price of $37.34 per share, with a total value of $37,340.00. Following the completion of the purchase, the director now owns 6,014 shares in the company, valued at $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.98% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on CMCO shares. DA Davidson lowered Columbus McKinnon from a "buy" rating to a "neutral" rating and set a $35.00 target price for the company. in a research note on Tuesday. StockNews.com cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Tuesday.
View Our Latest Analysis on CMCO
Columbus McKinnon Profile
(
Free Report)
Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.
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