Barrow Hanley Mewhinney & Strauss LLC Raises Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,547,958 shares of the industrial products company's stock after acquiring an additional 184,615 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 5.40% of Columbus McKinnon worth $57,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in Columbus McKinnon in the fourth quarter worth about $26,416,000. Asset Management One Co. Ltd. increased its holdings in Columbus McKinnon by 146.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company's stock worth $2,840,000 after acquiring an additional 45,073 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Columbus McKinnon during the 4th quarter worth approximately $14,799,000. Heartland Advisors Inc. purchased a new position in Columbus McKinnon during the fourth quarter valued at approximately $3,724,000. Finally, Victory Capital Management Inc. boosted its position in shares of Columbus McKinnon by 117.8% in the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock worth $27,455,000 after purchasing an additional 398,826 shares during the period. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. DA Davidson restated a "neutral" rating and issued a $35.00 price objective on shares of Columbus McKinnon in a research report on Tuesday, February 18th.

Columbus McKinnon Stock Performance

CMCO opened at $16.53 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. The stock has a market capitalization of $472.97 million, a price-to-earnings ratio of 50.09 and a beta of 1.33. The company has a fifty day moving average of $15.72 and a 200 day moving average of $26.54. Columbus McKinnon Co. has a fifty-two week low of $11.78 and a fifty-two week high of $45.45.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Friday, May 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. Columbus McKinnon's payout ratio is 84.85%.

Insider Transactions at Columbus McKinnon

In other news, Director Chad R. Abraham acquired 20,000 shares of Columbus McKinnon stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $16.05 per share, with a total value of $321,000.00. Following the transaction, the director now directly owns 20,000 shares of the company's stock, valued at $321,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathryn V. Bohl acquired 2,819 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $17.99 per share, with a total value of $50,713.81. Following the acquisition, the director now directly 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. Insiders own 1.98% of the company's stock.

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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