Legato Capital Management LLC Boosts Stock Holdings in Columbus McKinnon Corporation (NASDAQ:CMCO)

Legato Capital Management LLC grew its stake in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 38.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,322 shares of the industrial products company's stock after buying an additional 21,028 shares during the quarter. Legato Capital Management LLC owned 0.26% of Columbus McKinnon worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMCO. Sterling Capital Management LLC increased its stake in shares of Columbus McKinnon by 810.0% in the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 810 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of Columbus McKinnon by 0.9% in the 1st quarter. Bridge City Capital LLC now owns 97,082 shares of the industrial products company's stock valued at $1,644,000 after purchasing an additional 864 shares in the last quarter. Meros Investment Management LP increased its stake in shares of Columbus McKinnon by 0.3% in the 4th quarter. Meros Investment Management LP now owns 277,468 shares of the industrial products company's stock valued at $10,333,000 after purchasing an additional 962 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Columbus McKinnon by 7.0% in the 4th quarter. MetLife Investment Management LLC now owns 17,247 shares of the industrial products company's stock valued at $642,000 after purchasing an additional 1,127 shares in the last quarter. Finally, CWM LLC increased its stake 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 purchasing an additional 1,512 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company's stock.

Columbus McKinnon Price Performance

NASDAQ:CMCO traded up $0.19 during trading hours on Friday, hitting $16.17. 280,259 shares of the stock were exchanged, compared to its average volume of 332,313. The company has a market cap of $463.92 million, a P/E ratio of -95.12 and a beta of 1.28. The firm's fifty day moving average price is $15.67 and its 200 day moving average price is $19.37. Columbus McKinnon Corporation has a 52-week low of $11.78 and a 52-week high of $41.05. The company has a current ratio of 1.81, a quick ratio of 1.04 and a debt-to-equity ratio of 0.48.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $250.05 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm's quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, August 8th. 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.