Columbus McKinnon Co. (NASDAQ:CMCO) Director Christopher J. Stephens Buys 5,000 Shares

Columbus McKinnon Co. (NASDAQ:CMCO) Director Christopher J. Stephens purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $20.27 per share, for a total transaction of $101,350.00. Following the acquisition, the director now owns 11,014 shares of the company’s stock, valued at approximately $223,253.78. This trade represents a 83.14 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Columbus McKinnon Stock Down 0.1 %

Shares of NASDAQ:CMCO opened at $20.48 on Friday. Columbus McKinnon Co. has a 52-week low of $19.55 and a 52-week high of $45.84. The firm has a fifty day moving average of $35.48 and a 200 day moving average of $34.84. The firm has a market capitalization of $585.99 million, a PE ratio of 38.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 9.20% and a net margin of 1.51%. As a group, research analysts anticipate that Columbus McKinnon Co. will post 2.98 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, February 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.28 annualized dividend and a yield of 1.37%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 84.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Isthmus Partners LLC boosted its position in Columbus McKinnon by 0.5% during the fourth quarter. Isthmus Partners LLC now owns 69,246 shares of the industrial products company’s stock valued at $2,579,000 after buying an additional 378 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Columbus McKinnon by 2.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 22,309 shares of the industrial products company’s stock valued at $831,000 after buying an additional 561 shares during the period. Cascade Investment Advisors Inc. boosted its position in Columbus McKinnon by 1.8% during the fourth quarter. Cascade Investment Advisors Inc. now owns 33,110 shares of the industrial products company’s stock valued at $1,233,000 after buying an additional 590 shares during the period. The Manufacturers Life Insurance Company boosted its position in Columbus McKinnon by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the industrial products company’s stock valued at $505,000 after buying an additional 646 shares during the period. Finally, Mascoma Wealth Management LLC purchased a new stake in Columbus McKinnon during the third quarter valued at about $25,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMCO shares. StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday. DA Davidson cut shares of Columbus McKinnon from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Tuesday.

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.