Aristotle Capital Boston LLC Buys 113,685 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Aristotle Capital Boston LLC boosted its holdings in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 701,614 shares of the industrial products company's stock after buying an additional 113,685 shares during the quarter. Aristotle Capital Boston LLC owned approximately 2.45% of Columbus McKinnon worth $26,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Columbus McKinnon during the fourth quarter worth about $26,416,000. Victory Capital Management Inc. lifted its stake in Columbus McKinnon by 117.8% during the 4th 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 position in Columbus McKinnon during the 4th quarter worth $14,799,000. Segall Bryant & Hamill LLC boosted its holdings in Columbus McKinnon by 95.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock worth $27,190,000 after purchasing an additional 356,232 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Columbus McKinnon by 207.9% in the 4th quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company's stock valued at $16,952,000 after buying an additional 307,355 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Price Performance

Shares of Columbus McKinnon stock traded up $0.14 during trading on Wednesday, hitting $15.35. 301,894 shares of the stock traded hands, compared to its average volume of 336,251. The stock has a market cap of $439.21 million, a price-to-earnings ratio of 46.52 and a beta of 1.33. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 52 week low of $11.78 and a 52 week high of $45.84. The firm's fifty day moving average is $15.75 and its 200-day moving average is $27.77.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data 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%. Research analysts expect that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Friday, May 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.82%. Columbus McKinnon's dividend payout ratio (DPR) is currently 84.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in 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 reiterated a "neutral" rating and set a $35.00 target price on shares of Columbus McKinnon in a research note on Tuesday, February 18th.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, Director Kathryn V. Bohl purchased 2,819 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $50,713.81. Following the completion of the purchase, the director now directly owns 14,812 shares of the company's stock, valued at $266,467.88. This trade represents a 23.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Chad R. Abraham bought 20,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $16.05 per share, with a total value of $321,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $321,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,819 shares of company stock valued at $473,064 in the last ninety days. 1.98% of the stock is currently owned by corporate insiders.

Columbus McKinnon 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.