Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Chad R. Abraham acquired 20,000 shares of Columbus McKinnon stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $16.05 per share, for a total transaction of $321,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $321,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Columbus McKinnon Trading Up 3.8 %
NASDAQ CMCO opened at $16.55 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The firm's fifty day moving average price is $30.72 and its 200 day moving average price is $33.53. The company has a market capitalization of $473.55 million, a price-to-earnings ratio of 50.15 and a beta of 1.22. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its quarterly earnings data 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 8.64% and a net margin of 0.95%. On average, sell-side analysts expect that Columbus McKinnon Co. will post 2.69 earnings per share for the current fiscal year.
Columbus McKinnon Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, February 7th. Columbus McKinnon's payout ratio is currently 84.85%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on CMCO shares. DA Davidson restated a "neutral" rating and issued a $35.00 price objective on shares of Columbus McKinnon in a report on Tuesday, February 18th. StockNews.com downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.
Get Our Latest Stock Analysis on CMCO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CMCO. Vaughan Nelson Investment Management L.P. purchased a new position in Columbus McKinnon during the 4th quarter worth $26,416,000. Victory Capital Management Inc. boosted its holdings in shares of Columbus McKinnon by 117.8% in the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock valued at $27,455,000 after acquiring an additional 398,826 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Columbus McKinnon in the fourth quarter valued at about $14,799,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Columbus McKinnon by 95.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock valued at $27,190,000 after acquiring an additional 356,232 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Columbus McKinnon by 207.9% in the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company's stock valued at $16,952,000 after acquiring an additional 307,355 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.
Columbus McKinnon Company Profile
(
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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.
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