Columbus McKinnon Co. (NASDAQ:CMCO) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 236,373 shares of the industrial products company's stock after acquiring an additional 30,667 shares during the period. Fisher Asset Management LLC owned about 0.82% of Columbus McKinnon worth $8,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mascoma Wealth Management LLC acquired a new stake in shares of Columbus McKinnon during the third quarter valued at $25,000. Quarry LP acquired a new stake in shares of Columbus McKinnon during the 2nd quarter worth about $39,000. Innealta Capital LLC purchased a new stake in shares of Columbus McKinnon during the second quarter worth about $41,000. CWM LLC raised its position in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock valued at $63,000 after buying an additional 1,584 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Columbus McKinnon during the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens acquired 1,000 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares in the company, valued at $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David J. Wilson bought 31,300 shares of the business's stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $32.02 per share, for a total transaction of $1,002,226.00. Following the purchase, the chief executive officer now owns 31,300 shares in the company, valued at approximately $1,002,226. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.98% of the company's stock.

Wall Street Analyst Weigh In

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

Columbus McKinnon Trading Up 0.5 %

Shares of NASDAQ CMCO traded up $0.19 on Friday, reaching $39.29. 160,238 shares of the company traded hands, compared to its average volume of 184,815. The stock has a market capitalization of $1.13 billion, a PE ratio of 73.77 and a beta of 1.19. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. 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 50 day moving average of $35.09 and a 200 day moving average of $35.60.

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.71%. Columbus McKinnon's dividend payout ratio is presently 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.