Allspring Global Investments Holdings LLC Has $33.16 Million Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Allspring Global Investments Holdings LLC lowered its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 921,129 shares of the industrial products company's stock after selling 43,105 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.19% of Columbus McKinnon worth $33,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new position in Columbus McKinnon in the 2nd quarter worth approximately $39,000. Innealta Capital LLC acquired a new stake in shares of Columbus McKinnon during the 2nd quarter valued at $41,000. CWM LLC boosted its stake in shares of Columbus McKinnon by 679.8% during the 2nd quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock valued at $63,000 after buying an additional 1,584 shares during the period. nVerses Capital LLC acquired a new stake in shares of Columbus McKinnon during the 2nd quarter valued at $73,000. Finally, Point72 DIFC Ltd bought a new position in shares of Columbus McKinnon during the 2nd quarter valued at $106,000. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Stock Performance

NASDAQ CMCO traded down $0.18 during midday trading on Thursday, hitting $32.58. The company had a trading volume of 185,431 shares, compared to its average volume of 172,614. The company has a quick ratio of 1.20, a current ratio of 2.07 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $33.31 and a two-hundred day simple moving average of $36.68. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The stock has a market cap of $940.23 million, a price-to-earnings ratio of 20.11 and a beta of 1.17.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. Columbus McKinnon had a net margin of 4.52% and a return on equity of 9.50%. The firm had revenue of $239.73 million for the quarter, compared to analyst estimates of $241.25 million. During the same period in the previous year, the business earned $0.62 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that Columbus McKinnon Co. will post 3.02 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, November 8th. Columbus McKinnon's dividend payout ratio (DPR) is 17.28%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report 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.