Columbus McKinnon Co. (NASDAQ:CMCO) Director Purchases $101,350.00 in Stock

Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Christopher J. Stephens bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $20.27 per share, with a total value of $101,350.00. Following the completion of the acquisition, the director now owns 11,014 shares of the company's stock, valued at $223,253.78. This trade represents a 83.14 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Columbus McKinnon Stock Up 0.7 %

CMCO stock traded up $0.15 during midday trading on Tuesday, reaching $20.63. 140,464 shares of the company were exchanged, compared to its average volume of 427,575. The company has a market cap of $591.79 million, a price-to-earnings ratio of 38.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. Columbus McKinnon Co. has a 1-year low of $19.55 and a 1-year high of $45.84. The stock's 50-day simple moving average is $35.08 and its 200 day simple moving average is $34.67.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 9.20% and a net margin of 1.51%. On average, equities analysts forecast that Columbus McKinnon Co. will post 2.98 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, February 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. Columbus McKinnon's dividend payout ratio (DPR) is presently 52.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCO. DA Davidson reiterated a "neutral" rating and issued a $35.00 price target on shares of Columbus McKinnon in a research note on Tuesday. StockNews.com downgraded Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new stake in shares of Columbus McKinnon in the third quarter valued at approximately $25,000. Sterling Capital Management LLC increased its stake in Columbus McKinnon by 810.0% in the fourth quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 810 shares during the period. Palouse Capital Management Inc. purchased a new stake in shares of Columbus McKinnon in the third quarter valued at about $144,000. Millburn Ridgefield Corp acquired a new stake in shares of Columbus McKinnon during the third quarter worth about $155,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Columbus McKinnon during the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 95.96% of the company's stock.

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.