Chartwell Investment Partners LLC increased its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 22.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 345,855 shares of the industrial products company's stock after buying an additional 63,331 shares during the quarter. Chartwell Investment Partners LLC owned about 1.21% of Columbus McKinnon worth $12,451,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CMCO. Andina Capital Management LLC grew its stake in shares of Columbus McKinnon by 3.7% in the second quarter. Andina Capital Management LLC now owns 8,671 shares of the industrial products company's stock valued at $300,000 after buying an additional 311 shares in the last quarter. GoalVest Advisory LLC lifted its position in shares of Columbus McKinnon by 3.1% during the second quarter. GoalVest Advisory LLC now owns 19,740 shares of the industrial products company's stock worth $682,000 after purchasing an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Columbus McKinnon by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the industrial products company's stock valued at $505,000 after purchasing an additional 646 shares in the last quarter. Rhumbline Advisers increased its stake in Columbus McKinnon by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 47,162 shares of the industrial products company's stock worth $1,629,000 after buying an additional 911 shares during the period. Finally, Providence Capital Advisors LLC lifted its holdings in Columbus McKinnon by 0.8% in the 2nd quarter. Providence Capital Advisors LLC now owns 112,595 shares of the industrial products company's stock worth $3,889,000 after buying an additional 941 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.
Columbus McKinnon Stock Up 1.4 %
NASDAQ CMCO traded up $0.50 on Monday, reaching $36.80. The stock had a trading volume of 66,695 shares, compared to its average volume of 180,918. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84. The business has a 50 day moving average price of $33.35 and a 200 day moving average price of $35.99. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 69.36 and a beta of 1.19.
Columbus McKinnon Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, November 8th. Columbus McKinnon's payout ratio is presently 52.83%.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd.
Get Our Latest Report on Columbus McKinnon
Insider Buying and Selling at Columbus McKinnon
In other Columbus McKinnon news, CEO David J. Wilson purchased 31,300 shares of the stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the transaction, the chief executive officer now owns 31,300 shares in the company, valued at $1,002,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.98% of the company's stock.
About Columbus McKinnon
(
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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