Kathryn V. Bohl Purchases 2,819 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Kathryn V. Bohl acquired 2,819 shares of the stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $17.99 per share, with a total value of $50,713.81. Following the completion of the transaction, the director now owns 14,812 shares in the company, valued at approximately $266,467.88. This represents a 23.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Columbus McKinnon Stock Up 2.1 %

Columbus McKinnon stock traded up $0.39 during midday trading on Thursday, reaching $18.82. The stock had a trading volume of 364,240 shares, compared to its average volume of 277,230. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84. The company has a market capitalization of $538.47 million, a P/E ratio of 56.82 and a beta of 1.31. The company has a fifty day moving average price of $26.50 and a two-hundred day moving average price of $32.33. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. As a group, equities analysts expect that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, February 7th. Columbus McKinnon’s payout ratio is 84.85%.

Institutional Trading of Columbus McKinnon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Columbus McKinnon by 1,006.0% during the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock worth $12,183,000 after buying an additional 307,824 shares in the last quarter. Quest Partners LLC grew its stake in shares of Columbus McKinnon by 21.4% in the 3rd quarter. Quest Partners LLC now owns 22,611 shares of the industrial products company’s stock worth $814,000 after acquiring an additional 3,980 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Columbus McKinnon by 16.8% during the third quarter. Segall Bryant & Hamill LLC now owns 373,893 shares of the industrial products company’s stock valued at $13,460,000 after purchasing an additional 53,825 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Columbus McKinnon during the third quarter valued at about $264,000. Finally, Foundry Partners LLC boosted its holdings in Columbus McKinnon by 27.2% during the third quarter. Foundry Partners LLC now owns 177,055 shares of the industrial products company’s stock worth $6,374,000 after purchasing an additional 37,876 shares during the last quarter. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMCO has been the subject of several research analyst reports. DA Davidson reissued a “neutral” rating and issued a $35.00 price objective on shares of Columbus McKinnon in a research report on Tuesday, February 18th. StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Columbus McKinnon Company 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.