Barrow Hanley Mewhinney & Strauss LLC Has $4.27 Million Stake in Columbus McKinnon Corp. (CMCO)

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,726 shares of the industrial products company’s stock after purchasing an additional 1,768 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Columbus McKinnon were worth $4,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCO. Macquarie Group Ltd. lifted its holdings in shares of Columbus McKinnon by 14.6% during the third quarter. Macquarie Group Ltd. now owns 974,628 shares of the industrial products company’s stock valued at $36,909,000 after purchasing an additional 124,442 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Columbus McKinnon by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock valued at $34,906,000 after purchasing an additional 108,359 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Columbus McKinnon by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 224,919 shares of the industrial products company’s stock valued at $8,448,000 after purchasing an additional 50,970 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Columbus McKinnon by 171.7% during the second quarter. Ameriprise Financial Inc. now owns 67,738 shares of the industrial products company’s stock valued at $1,722,000 after purchasing an additional 42,803 shares during the last quarter. Finally, EAM Investors LLC lifted its holdings in shares of Columbus McKinnon by 42.6% during the third quarter. EAM Investors LLC now owns 139,730 shares of the industrial products company’s stock valued at $5,292,000 after purchasing an additional 41,775 shares during the last quarter. 85.76% of the stock is owned by institutional investors and hedge funds.

Shares of Columbus McKinnon Corp. (NASDAQ CMCO) opened at $35.39 on Thursday. The stock has a market capitalization of $816.80, a PE ratio of 18.67 and a beta of 1.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.81 and a quick ratio of 1.06. Columbus McKinnon Corp. has a one year low of $23.13 and a one year high of $44.55.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.13. The firm had revenue of $208.73 million during the quarter, compared to the consensus estimate of $201.08 million. Columbus McKinnon had a return on equity of 11.87% and a net margin of 1.10%. The business’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. analysts predict that Columbus McKinnon Corp. will post 2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 9th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.45%. The ex-dividend date was Thursday, February 8th. Columbus McKinnon’s dividend payout ratio is currently 43.24%.

In related news, VP Alan S. Korman sold 1,558 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $40.10, for a total value of $62,475.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 2,319 shares of company stock valued at $91,835. Company insiders own 3.91% of the company’s stock.

Several brokerages have recently commented on CMCO. Seaport Global Securities reaffirmed a “buy” rating and set a $50.00 target price on shares of Columbus McKinnon in a report on Wednesday, January 10th. Zacks Investment Research raised Columbus McKinnon from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday. TheStreet downgraded Columbus McKinnon from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. BidaskClub downgraded Columbus McKinnon from a “sell” rating to a “strong sell” rating in a report on Thursday, February 8th. Finally, ValuEngine raised Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $46.67.

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Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.

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Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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