Isthmus Partners LLC Has $2.48 Million Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Isthmus Partners LLC trimmed its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 18.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,868 shares of the industrial products company’s stock after selling 15,825 shares during the period. Isthmus Partners LLC’s holdings in Columbus McKinnon were worth $2,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Columbus McKinnon during the second quarter valued at $35,540,000. Victory Capital Management Inc. increased its holdings in shares of Columbus McKinnon by 1,006.0% in the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock worth $12,183,000 after acquiring an additional 307,824 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Columbus McKinnon by 152.8% in the third quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company’s stock worth $8,428,000 after acquiring an additional 141,502 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Columbus McKinnon by 120.3% in the second quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock worth $6,899,000 after acquiring an additional 109,075 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Columbus McKinnon by 81.4% in the third quarter. Assenagon Asset Management S.A. now owns 173,245 shares of the industrial products company’s stock worth $6,237,000 after acquiring an additional 77,721 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Columbus McKinnon Stock Up 0.6 %

CMCO stock opened at $39.10 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $34.97 and a two-hundred day moving average price of $35.57. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 73.77 and a beta of 1.19. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84.

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.07 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. Columbus McKinnon’s dividend payout ratio is 52.83%.

Insider Buying and Selling at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the transaction, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This represents a 19.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Wilson acquired 31,300 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the transaction, the chief executive officer now owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.98% of the company’s stock.

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.