Insider Buying: Columbus McKinnon Co. (NASDAQ:CMCO) Director Purchases 2,819 Shares of Stock

Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Kathryn V. Bohl acquired 2,819 shares of the stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of $17.99 per share, with a total value of $50,713.81. Following the transaction, the director now directly owns 14,812 shares in the company, valued at approximately $266,467.88. This represents a 23.51 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Columbus McKinnon Trading Up 1.7 %

Shares of NASDAQ:CMCO traded up $0.32 during mid-day trading on Monday, reaching $18.78. The stock had a trading volume of 319,458 shares, compared to its average volume of 281,913. The firm has a 50 day simple moving average of $25.85 and a two-hundred day simple moving average of $32.12. Columbus McKinnon Co. has a twelve month low of $15.48 and a twelve month high of $45.84. The firm has a market cap of $537.35 million, a PE ratio of 56.91 and a beta of 1.31. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings results 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 net margin of 0.95% and a return on equity of 8.64%. On average, research analysts predict that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

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Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.49%. Columbus McKinnon's dividend payout ratio (DPR) is currently 84.85%.

Analysts Set New Price Targets

CMCO has been the topic of several recent research reports. StockNews.com lowered Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. DA Davidson reaffirmed a "neutral" rating and issued a $35.00 price objective on shares of Columbus McKinnon in a research note on Tuesday, February 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its stake in Columbus McKinnon by 810.0% in the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock worth $34,000 after purchasing an additional 810 shares during the period. Millburn Ridgefield Corp acquired a new stake in Columbus McKinnon in the 3rd quarter valued at approximately $155,000. Park Avenue Securities LLC bought a new stake in Columbus McKinnon in the 4th quarter valued at approximately $239,000. Freestone Grove Partners LP acquired a new position in Columbus McKinnon during the 4th quarter worth approximately $242,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Columbus McKinnon during the 4th quarter worth approximately $250,000. Institutional investors own 95.96% of the company's stock.

About Columbus McKinnon

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.