Vaughan Nelson Investment Management L.P. Invests $26.42 Million in Columbus McKinnon Co. (NASDAQ:CMCO)

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 709,335 shares of the industrial products company’s stock, valued at approximately $26,416,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D raised its holdings in shares of Columbus McKinnon by 31.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,444 shares of the industrial products company’s stock valued at $2,104,000 after purchasing an additional 14,018 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Columbus McKinnon by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock valued at $14,067,000 after buying an additional 18,802 shares in the last quarter. Barclays PLC lifted its position in shares of Columbus McKinnon by 214.6% in the third quarter. Barclays PLC now owns 52,987 shares of the industrial products company’s stock worth $1,907,000 after buying an additional 36,147 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Columbus McKinnon by 152.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company’s stock valued at $8,428,000 after acquiring an additional 141,502 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Columbus McKinnon by 1,006.0% during the 3rd quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock valued at $12,183,000 after acquiring an additional 307,824 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Stock Performance

NASDAQ:CMCO opened at $34.25 on Monday. The firm has a market capitalization of $982.63 million, a PE ratio of 64.62 and a beta of 1.22. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84. The firm’s fifty day simple moving average is $37.08 and its 200 day simple moving average is $35.34.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. Columbus McKinnon’s payout ratio is presently 52.83%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, February 1st.

Insider Buying and Selling

In related news, Director Christopher J. Stephens bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of $37.34 per share, with a total value of $37,340.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.98% of the stock is owned by insiders.

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.