Segall Bryant & Hamill LLC Has $13.46 Million Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Segall Bryant & Hamill LLC increased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 373,893 shares of the industrial products company's stock after acquiring an additional 53,825 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.30% of Columbus McKinnon worth $13,460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Andina Capital Management LLC grew its position 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 purchasing an additional 311 shares during the period. GoalVest Advisory LLC boosted its position in shares of Columbus McKinnon by 3.1% in the second quarter. GoalVest Advisory LLC now owns 19,740 shares of the industrial products company's stock worth $682,000 after acquiring an additional 600 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Columbus McKinnon by 4.6% in the second 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 during the period. Mascoma Wealth Management LLC purchased a new position in Columbus McKinnon during the third quarter worth approximately $25,000. Finally, Rhumbline Advisers boosted its holdings in shares of Columbus McKinnon by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 47,162 shares of the industrial products company's stock valued at $1,629,000 after purchasing an additional 911 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Columbus McKinnon

In other news, CEO David J. Wilson bought 31,300 shares of Columbus McKinnon stock in a transaction on Friday, November 1st. The shares were bought at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the acquisition, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher J. Stephens acquired 1,000 shares of Columbus McKinnon stock in a transaction that occurred 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 transaction, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Friday, August 2nd.

Columbus McKinnon Price Performance

CMCO opened at $36.01 on Thursday. The company has a 50 day moving average of $34.20 and a two-hundred day moving average of $35.75. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.03 billion, a P/E ratio of 67.93 and a beta of 1.19.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, November 8th. Columbus McKinnon's payout ratio is 52.83%.

Columbus McKinnon Company 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.