Charles Schwab Investment Management Inc. boosted its stake in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,745 shares of the industrial products company's stock after buying an additional 18,802 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.36% of Columbus McKinnon worth $14,067,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CMCO. Andina Capital Management LLC boosted 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 worth $300,000 after acquiring an additional 311 shares during the last quarter. GoalVest Advisory LLC grew its stake in Columbus McKinnon by 3.1% during the 2nd quarter. GoalVest Advisory LLC now owns 19,740 shares of the industrial products company's stock valued at $682,000 after acquiring an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 acquiring an additional 646 shares in the last quarter. Mascoma Wealth Management LLC purchased a new stake in Columbus McKinnon during the 3rd quarter valued at about $25,000. Finally, Rhumbline Advisers grew 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 valued at $1,629,000 after acquiring an additional 911 shares in the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.
Columbus McKinnon Price Performance
NASDAQ CMCO traded up $1.03 during trading hours on Monday, hitting $40.74. 196,761 shares of the company's stock traded hands, compared to its average volume of 186,275. The firm's 50-day moving average is $35.75 and its 200-day moving average is $35.23. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The company has a market capitalization of $1.17 billion, a PE ratio of 74.92 and a beta of 1.23.
Columbus McKinnon Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. Columbus McKinnon's dividend payout ratio (DPR) is presently 52.83%.
Insider Buying and Selling at Columbus McKinnon
In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Wilson bought 31,300 shares of Columbus McKinnon stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,300 shares of the company's stock, valued at approximately $1,002,226. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by corporate insiders.
Columbus McKinnon Company Profile
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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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