Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Kathryn V. Bohl acquired 2,819 shares of Columbus McKinnon stock in a transaction that occurred on 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 purchase, the director now owns 14,812 shares in the company, valued at $266,467.88. The trade was a 23.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Columbus McKinnon Stock Up 1.6 %
CMCO stock opened at $18.73 on Friday. 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 company has a 50-day moving average of $26.17 and a two-hundred day moving average of $32.23. The stock has a market capitalization of $535.92 million, a price-to-earnings ratio of 56.76 and a beta of 1.31. Columbus McKinnon Co. has a 52-week low of $15.48 and a 52-week high of $45.84.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (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 research analysts anticipate that Columbus McKinnon Co. will post 2.69 EPS for the current year.
Columbus McKinnon Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.49%. Columbus McKinnon's payout ratio is 84.85%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Sterling Capital Management LLC grew its position in Columbus McKinnon by 810.0% during the fourth quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock worth $34,000 after buying an additional 810 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Columbus McKinnon during the third quarter valued at approximately $155,000. Park Avenue Securities LLC acquired a new position in shares of Columbus McKinnon in the fourth quarter valued at $239,000. Freestone Grove Partners LP acquired a new position in shares of Columbus McKinnon in the 4th quarter valued at $242,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Columbus McKinnon in the fourth quarter valued at about $250,000. Institutional investors and hedge funds own 95.96% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. StockNews.com downgraded Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. DA Davidson reaffirmed a "neutral" rating and set a $35.00 target price on shares of Columbus McKinnon in a research report on Tuesday, February 18th.
View Our Latest Stock Analysis on Columbus McKinnon
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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