Charles Schwab Investment Management Inc. boosted its holdings in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,938 shares of the industrial products company's stock after purchasing an additional 37,363 shares during the period. Charles Schwab Investment Management Inc. owned about 1.57% of Columbus McKinnon worth $7,617,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Columbus McKinnon by 3,784.1% in the first quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 2,384 shares in the last quarter. Signaturefd LLC grew its position in Columbus McKinnon by 743.4% in the first quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 2,141 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Columbus McKinnon in the 1st quarter valued at about $47,000. High Note Wealth LLC bought a new position in shares of Columbus McKinnon in the 1st quarter valued at about $48,000. Finally, CWM LLC grew its position in shares of Columbus McKinnon by 79.2% in the 1st quarter. CWM LLC now owns 3,422 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 1,512 shares during the period. Institutional investors own 95.96% of the company's stock.
Columbus McKinnon Stock Performance
Shares of CMCO opened at $15.22 on Wednesday. The firm has a 50-day moving average of $15.13 and a 200-day moving average of $16.11. Columbus McKinnon Corporation has a one year low of $11.78 and a one year high of $41.05. The company has a market cap of $437.27 million, a PE ratio of -28.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.85 and a quick ratio of 1.01.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The company had revenue of $235.92 million during the quarter, compared to the consensus estimate of $230.88 million. As a group, equities analysts forecast that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.
Columbus McKinnon Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon's dividend payout ratio (DPR) is -51.85%.
About Columbus McKinnon
(
Free Report)
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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