Rebecca Yeung Purchases 1,000 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Rebecca Yeung acquired 1,000 shares of Columbus McKinnon stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $15.03 per share, for a total transaction of $15,030.00. Following the completion of the purchase, the director now owns 7,682 shares of the company's stock, valued at approximately $115,460.46. This represents a 14.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Columbus McKinnon Stock Up 3.4%

Shares of NASDAQ CMCO traded up $0.50 during mid-day trading on Friday, reaching $15.35. The company had a trading volume of 403,406 shares, compared to its average volume of 372,063. The firm has a 50 day simple moving average of $15.17 and a two-hundred day simple moving average of $24.86. Columbus McKinnon Co. has a 52-week low of $11.78 and a 52-week high of $41.05. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock has a market cap of $439.50 million, a P/E ratio of 46.52 and a beta of 1.28.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its earnings results on Wednesday, May 28th. The industrial products company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The business had revenue of $248.00 million for the quarter, compared to analysts' expectations of $250.05 million. Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. The business's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts predict that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, May 2nd. Columbus McKinnon's dividend payout ratio is currently -164.71%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCO. Wall Street Zen cut Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. DA Davidson reissued a "neutral" rating and set a $35.00 target price on shares of Columbus McKinnon in a research report on Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMCO. Vanguard Group Inc. grew its holdings in shares of Columbus McKinnon by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,612,096 shares of the industrial products company's stock worth $60,034,000 after buying an additional 19,550 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Columbus McKinnon by 13.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,547,958 shares of the industrial products company's stock valued at $57,646,000 after acquiring an additional 184,615 shares during the period. Invesco Ltd. increased its position in Columbus McKinnon by 177.5% in the 1st quarter. Invesco Ltd. now owns 1,263,320 shares of the industrial products company's stock valued at $21,388,000 after acquiring an additional 808,110 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Columbus McKinnon by 37.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company's stock valued at $16,513,000 after acquiring an additional 266,020 shares during the period. Finally, Systematic Financial Management LP increased its position in Columbus McKinnon by 6.0% in the 4th quarter. Systematic Financial Management LP now owns 829,080 shares of the industrial products company's stock valued at $30,875,000 after acquiring an additional 46,806 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

About Columbus McKinnon

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.