Vaughan Nelson Investment Management L.P. Raises Position in Columbus McKinnon Corporation (NASDAQ:CMCO)

Vaughan Nelson Investment Management L.P. boosted its position in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 37.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 975,355 shares of the industrial products company's stock after buying an additional 266,020 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 3.41% of Columbus McKinnon worth $16,513,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CMCO. Bridge City Capital LLC grew its position in shares of Columbus McKinnon by 0.9% during the 1st quarter. Bridge City Capital LLC now owns 97,082 shares of the industrial products company's stock worth $1,644,000 after buying an additional 864 shares during the period. Parallel Advisors LLC bought a new position in Columbus McKinnon during the first quarter worth $47,000. GAMMA Investing LLC grew its holdings in Columbus McKinnon by 3,033.1% in the first quarter. GAMMA Investing LLC now owns 3,979 shares of the industrial products company's stock worth $67,000 after purchasing an additional 3,852 shares during the period. Moody National Bank Trust Division increased its stake in Columbus McKinnon by 35.3% in the first quarter. Moody National Bank Trust Division now owns 23,182 shares of the industrial products company's stock valued at $392,000 after purchasing an additional 6,044 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Columbus McKinnon by 3,784.1% during 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 during the period. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Down 2.4%

Shares of CMCO traded down $0.35 during trading hours on Thursday, hitting $14.53. The stock had a trading volume of 326,893 shares, compared to its average volume of 378,027. Columbus McKinnon Corporation has a 1-year low of $11.78 and a 1-year high of $41.05. The firm has a market capitalization of $415.99 million, a P/E ratio of -85.47 and a beta of 1.28. The firm has a 50 day simple moving average of $15.38 and a 200-day simple moving average of $23.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.04.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Columbus McKinnon had a positive return on equity of 8.13% and a negative net margin of 0.53%. The firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $250.05 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company's quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts predict that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Friday, May 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, May 2nd. Columbus McKinnon's dividend payout ratio (DPR) is -164.71%.

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.