Charles Schwab Investment Management Inc. Purchases 21,830 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Charles Schwab Investment Management Inc. lifted its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,575 shares of the industrial products company's stock after acquiring an additional 21,830 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.44% of Columbus McKinnon worth $15,364,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCO. Millburn Ridgefield Corp bought a new stake in Columbus McKinnon in the third quarter worth about $155,000. Park Avenue Securities LLC purchased a new stake in shares of Columbus McKinnon in the fourth quarter worth approximately $239,000. Intech Investment Management LLC bought a new stake in shares of Columbus McKinnon during the 3rd quarter worth approximately $264,000. Paloma Partners Management Co bought a new position in Columbus McKinnon in the 3rd quarter valued at $323,000. Finally, Central Pacific Bank Trust Division increased its stake in Columbus McKinnon by 18.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,499 shares of the industrial products company's stock worth $391,000 after purchasing an additional 1,632 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMCO shares. StockNews.com cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. DA Davidson restated a "neutral" rating and issued a $35.00 target price on shares of Columbus McKinnon in a research note on Tuesday, February 18th.

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Columbus McKinnon Stock Up 1.7 %

NASDAQ CMCO traded up $0.32 on Monday, reaching $18.78. 319,458 shares of the stock traded hands, compared to its average volume of 281,913. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84. The company has a market cap of $537.35 million, a price-to-earnings ratio of 56.91 and a beta of 1.31. The company has a fifty day moving average price of $25.85 and a 200-day moving average price of $32.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03.

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 for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. As a group, research analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.49%. Columbus McKinnon's payout ratio is presently 84.85%.

Insider Activity

In related news, Director Kathryn V. Bohl purchased 2,819 shares of Columbus McKinnon stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $17.99 per share, with a total value of $50,713.81. Following the transaction, the director now owns 14,812 shares in the company, valued at approximately $266,467.88. The trade was a 23.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chad R. Abraham acquired 20,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $16.05 per share, with a total value of $321,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $321,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,819 shares of company stock worth $473,064. Corporate insiders own 1.98% of the company's stock.

Columbus McKinnon Profile

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.