Meros Investment Management LP Buys 63,914 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Meros Investment Management LP grew its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 30.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 276,506 shares of the industrial products company's stock after acquiring an additional 63,914 shares during the period. Columbus McKinnon comprises about 4.5% of Meros Investment Management LP's portfolio, making the stock its 5th largest holding. Meros Investment Management LP owned 0.96% of Columbus McKinnon worth $9,954,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Columbus McKinnon by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,384 shares of the industrial products company's stock worth $776,000 after buying an additional 995 shares during the period. Comerica Bank raised its stake in Columbus McKinnon by 214.3% during the 1st quarter. Comerica Bank now owns 12,262 shares of the industrial products company's stock valued at $547,000 after purchasing an additional 8,361 shares during the period. CWM LLC lifted its holdings 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 purchasing an additional 1,584 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Columbus McKinnon by 10.7% in the second quarter. Wedge Capital Management L L P NC now owns 36,674 shares of the industrial products company's stock worth $1,267,000 after buying an additional 3,549 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Columbus McKinnon by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 193,595 shares of the industrial products company's stock valued at $6,687,000 after buying an additional 10,669 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Insider Activity at Columbus McKinnon

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

Columbus McKinnon Stock Up 0.4 %

Columbus McKinnon stock traded up $0.16 during mid-day trading on Wednesday, hitting $40.35. The company's stock had a trading volume of 216,708 shares, compared to its average volume of 187,683. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a market cap of $1.16 billion, a PE ratio of 75.83 and a beta of 1.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The firm's 50 day moving average is $35.95 and its 200 day moving average is $35.17.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, November 8th. Columbus McKinnon's dividend payout ratio is currently 52.83%.

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.