Columbus McKinnon Co. (NASDAQ:CMCO) Stock Holdings Boosted by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 152.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 234,124 shares of the industrial products company's stock after acquiring an additional 141,502 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.81% of Columbus McKinnon worth $8,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Columbus McKinnon by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,890,999 shares of the industrial products company's stock worth $65,315,000 after purchasing an additional 7,465 shares in the last quarter. Vanguard Group Inc. boosted its position in Columbus McKinnon by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company's stock valued at $69,505,000 after buying an additional 16,174 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Columbus McKinnon during the second quarter valued at about $35,540,000. Allspring Global Investments Holdings LLC increased its position in shares of Columbus McKinnon by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 964,234 shares of the industrial products company's stock worth $33,305,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Meros Investment Management LP lifted its stake in shares of Columbus McKinnon by 1.6% in the second quarter. Meros Investment Management LP now owns 212,592 shares of the industrial products company's stock worth $7,343,000 after acquiring an additional 3,389 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd.

Columbus McKinnon Stock Up 0.5 %

Shares of CMCO traded up $0.15 during midday trading on Friday, hitting $31.96. The company had a trading volume of 354,027 shares, compared to its average volume of 195,875. The company has a quick ratio of 1.20, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 52 week low of $29.26 and a 52 week high of $45.84. The company's 50 day moving average price is $33.23 and its 200 day moving average price is $36.24. The stock has a market cap of $916.93 million, a price-to-earnings ratio of 60.30 and a beta of 1.19.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Columbus McKinnon had a return on equity of 9.20% and a net margin of 1.51%. The company had revenue of $239.73 million for the quarter, compared to the consensus estimate of $241.25 million. During the same quarter last year, the business posted $0.62 EPS. Columbus McKinnon's quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that Columbus McKinnon Co. will post 3.02 EPS for the current year.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, November 8th. Columbus McKinnon's dividend payout ratio is presently 52.83%.

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.