Columbus McKinnon Co. (NASDAQ:CMCO) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP grew its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 829,080 shares of the industrial products company's stock after purchasing an additional 46,806 shares during the quarter. Systematic Financial Management LP owned approximately 2.89% of Columbus McKinnon worth $30,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CMCO. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Columbus McKinnon during the 4th quarter valued at about $26,416,000. Victory Capital Management Inc. grew its holdings in Columbus McKinnon by 117.8% during the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock worth $27,455,000 after acquiring an additional 398,826 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Columbus McKinnon in the 4th quarter valued at $14,799,000. Segall Bryant & Hamill LLC boosted its position in Columbus McKinnon by 95.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company's stock worth $27,190,000 after acquiring an additional 356,232 shares during the period. Finally, Invesco Ltd. raised its stake in shares of 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 acquiring an additional 307,355 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Columbus McKinnon

In related news, Director Chad R. Abraham purchased 20,000 shares of Columbus McKinnon stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $16.05 per share, with a total value of $321,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at $321,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathryn V. Bohl acquired 2,819 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the acquisition, the director now owns 14,812 shares in the company, valued at $266,467.88. This represents a 23.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CMCO has been the subject of a number of research reports. StockNews.com downgraded Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. DA Davidson restated a "neutral" rating and set a $35.00 price target on shares of Columbus McKinnon in a research report on Tuesday, February 18th.

Columbus McKinnon Stock Performance

Shares of Columbus McKinnon stock opened at $17.83 on Friday. The stock has a market capitalization of $510.17 million, a price-to-earnings ratio of 54.03 and a beta of 1.33. Columbus McKinnon Co. has a 12 month low of $11.78 and a 12 month high of $45.84. The firm's fifty day simple moving average is $15.78 and its 200-day simple moving average is $26.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10.

Columbus McKinnon Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.28 annualized dividend and a yield of 1.57%. Columbus McKinnon's dividend payout ratio is currently 84.85%.

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.

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