Franklin Resources Inc. Has $4.73 Million Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Franklin Resources Inc. trimmed its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 74.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,874 shares of the industrial products company's stock after selling 362,642 shares during the quarter. Franklin Resources Inc. owned approximately 0.44% of Columbus McKinnon worth $4,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new stake in Columbus McKinnon during the 4th quarter worth approximately $26,416,000. Victory Capital Management Inc. raised its holdings in shares of Columbus McKinnon by 117.8% in the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock valued at $27,455,000 after buying an additional 398,826 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Columbus McKinnon during the 4th quarter worth about $14,799,000. Segall Bryant & Hamill LLC increased its position in Columbus McKinnon by 95.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock valued at $27,190,000 after acquiring an additional 356,232 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Columbus McKinnon by 13.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,547,958 shares of the industrial products company's stock worth $57,646,000 after purchasing an additional 184,615 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Trading Down 2.0 %

Shares of NASDAQ:CMCO traded down $0.27 during trading on Wednesday, hitting $13.29. 38,892 shares of the company's stock were exchanged, compared to its average volume of 320,347. The firm has a 50-day moving average price of $17.92 and a two-hundred day moving average price of $29.91. The firm has a market cap of $380.21 million, a P/E ratio of 40.15 and a beta of 1.26. Columbus McKinnon Co. has a 1-year low of $11.78 and a 1-year high of $45.84. 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 data on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. Equities analysts predict that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.11%. Columbus McKinnon's dividend payout ratio is 84.85%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMCO. DA Davidson restated a "neutral" rating and issued a $35.00 price objective on shares of Columbus McKinnon in a research report on Tuesday, February 18th. StockNews.com downgraded Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Insiders Place Their Bets

In other news, Director Chad R. Abraham bought 20,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $16.05 per share, with a total value of $321,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $321,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher J. Stephens bought 5,000 shares of Columbus McKinnon stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $20.27 per share, with a total value of $101,350.00. Following the acquisition, the director now directly owns 11,014 shares of the company's stock, valued at $223,253.78. The trade was a 83.14 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 27,819 shares of company stock worth $473,064 over the last ninety days. 1.98% of the stock is currently owned by corporate insiders.

Columbus McKinnon 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.