Victory Capital Management Inc. raised its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 1,006.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 338,424 shares of the industrial products company's stock after purchasing an additional 307,824 shares during the quarter. Victory Capital Management Inc. owned 1.18% of Columbus McKinnon worth $12,183,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in shares of Columbus McKinnon in the 3rd quarter valued at $25,000. Quarry LP acquired a new position in Columbus McKinnon in the second quarter valued at about $39,000. Innealta Capital LLC bought a new stake in Columbus McKinnon during the second quarter worth about $41,000. CWM LLC increased its holdings in shares of Columbus McKinnon by 679.8% during the second quarter. CWM LLC now owns 1,817 shares of the industrial products company's stock worth $63,000 after buying an additional 1,584 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Columbus McKinnon in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 95.96% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd.
View Our Latest Analysis on Columbus McKinnon
Columbus McKinnon Stock Up 0.1 %
Shares of NASDAQ:CMCO opened at $36.01 on Thursday. The company has a market capitalization of $1.03 billion, a PE ratio of 67.93 and a beta of 1.19. Columbus McKinnon Co. has a 52 week low of $29.26 and a 52 week high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The company has a 50 day moving average price of $34.20 and a two-hundred day moving average price of $35.75.
Columbus McKinnon Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 0.78%. The ex-dividend date was Friday, November 8th. Columbus McKinnon's dividend payout ratio (DPR) is presently 52.83%.
Insider Activity
In other Columbus McKinnon news, CEO David J. Wilson acquired 31,300 shares of Columbus McKinnon stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $32.02 per share, for a total transaction of $1,002,226.00. Following the purchase, the chief executive officer now directly owns 31,300 shares in the company, 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 link. Also, Director Christopher J. Stephens bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the transaction, the director now owns 6,014 shares of the company's stock, valued at $224,562.76. The trade was a 19.94 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company's stock.
About Columbus McKinnon
(
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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