Columbus McKinnon Co. (NASDAQ:CMCO) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 207.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 455,210 shares of the industrial products company's stock after purchasing an additional 307,355 shares during the period. Invesco Ltd. owned approximately 1.59% of Columbus McKinnon worth $16,952,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in Columbus McKinnon in the fourth quarter valued at approximately $26,416,000. Victory Capital Management Inc. lifted its stake in Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock valued at $27,455,000 after acquiring an additional 398,826 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Columbus McKinnon in the 4th quarter valued at $14,799,000. Segall Bryant & Hamill LLC increased its stake in shares of Columbus McKinnon by 95.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock worth $27,190,000 after acquiring an additional 356,232 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Stock Performance

NASDAQ CMCO traded up $0.02 during mid-day trading on Friday, reaching $14.79. 53,518 shares of the stock were exchanged, compared to its average volume of 327,946. Columbus McKinnon Co. has a 1 year low of $11.78 and a 1 year high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. The business's 50 day moving average is $16.37 and its 200-day moving average is $28.90. The company has a market capitalization of $423.04 million, a P/E ratio of 44.82 and a beta of 1.26.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its earnings results 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 net margin of 0.95% and a return on equity of 8.64%. On average, equities research analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, May 2nd. Columbus McKinnon's dividend payout ratio (DPR) is presently 84.85%.

Insider Transactions at Columbus McKinnon

In related news, Director Kathryn V. Bohl bought 2,819 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $17.99 per share, for a total transaction of $50,713.81. Following the completion of the transaction, the director now directly owns 14,812 shares in the company, valued at $266,467.88. This trade represents a 23.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chad R. Abraham bought 20,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $16.05 per share, with a total value of $321,000.00. Following the purchase, the director now directly owns 20,000 shares of the company's stock, valued at approximately $321,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 27,819 shares of company stock valued at $473,064 in the last three months. 1.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on CMCO. DA Davidson reaffirmed a "neutral" rating and issued a $35.00 price target on shares of Columbus McKinnon in a report on Tuesday, February 18th. StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

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.