Dean Capital Management Purchases 36,390 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Dean Capital Management increased its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 235.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51,876 shares of the industrial products company's stock after acquiring an additional 36,390 shares during the quarter. Dean Capital Management owned about 0.18% of Columbus McKinnon worth $1,932,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Isthmus Partners LLC lifted its stake in Columbus McKinnon by 0.5% in the fourth quarter. Isthmus Partners LLC now owns 69,246 shares of the industrial products company's stock worth $2,579,000 after acquiring an additional 378 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Columbus McKinnon by 2.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 22,309 shares of the industrial products company's stock worth $831,000 after purchasing an additional 561 shares during the period. Cascade Investment Advisors Inc. boosted its stake in shares of Columbus McKinnon by 1.8% during the 4th quarter. Cascade Investment Advisors Inc. now owns 33,110 shares of the industrial products company's stock valued at $1,233,000 after purchasing an additional 590 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Columbus McKinnon by 12.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company's stock valued at $265,000 after buying an additional 806 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Columbus McKinnon by 810.0% in 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. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Kathryn V. Bohl acquired 2,819 shares of the stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average cost of $17.99 per share, with a total value of $50,713.81. Following the transaction, the director now directly owns 14,812 shares in the company, valued at approximately $266,467.88. This represents a 23.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chad R. Abraham bought 20,000 shares of Columbus McKinnon stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $16.05 per share, with a total value of $321,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $321,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 27,819 shares of company stock worth $473,064. Company insiders own 1.98% of the company's stock.

Columbus McKinnon Price Performance

Columbus McKinnon stock remained flat at $16.52 during trading hours on Friday. 223,910 shares of the company's stock traded hands, compared to its average volume of 338,188. Columbus McKinnon Co. has a twelve month low of $11.78 and a twelve month high of $45.84. The company has a market cap of $472.69 million, a PE ratio of 50.06 and a beta of 1.33. The stock has a 50-day simple moving average of $15.73 and a 200-day simple moving average of $27.45. 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 (NASDAQ:CMCO - Get Free Report) last posted its earnings results on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing analysts' consensus estimates 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, research analysts expect that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.69%. Columbus McKinnon's dividend payout ratio (DPR) is 84.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMCO shares. DA Davidson reiterated a "neutral" rating and set a $35.00 target price on shares of Columbus McKinnon in a report on Tuesday, February 18th. StockNews.com cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

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.