Segall Bryant & Hamill LLC increased its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 95.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 730,125 shares of the industrial products company's stock after purchasing an additional 356,232 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 2.54% of Columbus McKinnon worth $27,190,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new stake in shares of Columbus McKinnon in the third quarter valued at approximately $155,000. Park Avenue Securities LLC bought a new position in Columbus McKinnon during the fourth quarter worth $239,000. KLP Kapitalforvaltning AS acquired a new position in shares of Columbus McKinnon in the fourth quarter valued at $250,000. Intech Investment Management LLC bought a new position in shares of Columbus McKinnon in the third quarter valued at about $264,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Columbus McKinnon by 12.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company's stock worth $265,000 after buying an additional 806 shares during the last quarter. 95.96% of the stock is owned by institutional investors.
Columbus McKinnon Stock Performance
Shares of CMCO stock traded down $0.87 on Friday, hitting $16.99. The company's stock had a trading volume of 100,146 shares, compared to its average volume of 293,422. Columbus McKinnon Co. has a fifty-two week low of $15.48 and a fifty-two week high of $45.84. The company has a market capitalization of $486.13 million, a PE ratio of 51.48 and a beta of 1.31. The stock's 50 day moving average is $24.47 and its 200-day moving average is $31.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. Equities research analysts expect that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.
Columbus McKinnon Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. Columbus McKinnon's payout ratio is 84.85%.
Insider Transactions at Columbus McKinnon
In other news, Director Chad R. Abraham purchased 20,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $16.05 per share, with a total value of $321,000.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $321,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kathryn V. Bohl purchased 2,819 shares of Columbus McKinnon stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of $17.99 per share, for a total transaction of $50,713.81. Following the transaction, the director now directly owns 14,812 shares in the company, valued at $266,467.88. This represents a 23.51 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 27,819 shares of company stock valued at $473,064. 1.98% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms have weighed in on CMCO. StockNews.com cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. DA Davidson reaffirmed a "neutral" rating and issued a $35.00 target price on shares of Columbus McKinnon in a research report on Tuesday, February 18th.
Check Out Our Latest Report on CMCO
Columbus McKinnon Profile
(
Free Report)
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.
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