State of New Jersey Common Pension Fund D Has $2.10 Million Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

State of New Jersey Common Pension Fund D increased its holdings in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 31.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 58,444 shares of the industrial products company's stock after buying an additional 14,018 shares during the period. State of New Jersey Common Pension Fund D owned about 0.20% of Columbus McKinnon worth $2,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Quarry LP bought a new stake in Columbus McKinnon in the second quarter valued at $39,000. Innealta Capital LLC bought a new position in Columbus McKinnon in the 2nd quarter worth approximately $41,000. CWM LLC grew its holdings in Columbus McKinnon by 679.8% in the 2nd quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock worth $63,000 after buying an additional 1,584 shares in the last quarter. nVerses Capital LLC bought a new stake in Columbus McKinnon during the 2nd quarter valued at $73,000. Finally, Point72 DIFC Ltd acquired a new position in Columbus McKinnon during the 2nd quarter worth $106,000. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO traded down $0.29 during mid-day trading on Friday, reaching $37.14. 292,470 shares of the company traded hands, compared to its average volume of 184,366. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The firm has a market cap of $1.07 billion, a PE ratio of 70.08 and a beta of 1.19. The stock has a fifty day simple moving average of $33.84 and a 200-day simple moving average of $35.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16.

Columbus McKinnon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 8th. Columbus McKinnon's dividend payout ratio (DPR) is currently 52.83%.

Insider Activity

In related news, CEO David J. Wilson acquired 31,300 shares of the company's stock in a transaction on Friday, November 1st. The shares were purchased at an average price 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 $1,002,226. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher J. Stephens bought 1,000 shares of the firm's stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $37.34 per share, with a total value 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 disclosure for this purchase can be found here. Corporate 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.

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.