Dean Capital Management Purchases 33,741 Shares of Columbus McKinnon Corporation $CMCO

Key Points

• Dean Capital Management increased its holdings in Columbus McKinnon Corporation by 65.0%, owning 85,617 shares valued at approximately $1.45 million.
• Columbus McKinnon reported earnings per share of $0.50, exceeding the consensus estimate of $0.47, with revenue also surpassing expectations at $235.92 million.
• The company announced a quarterly dividend of $0.07 per share, representing an annualized yield of 1.9%, despite a negative dividend payout ratio of -51.85%.

Dean Capital Management raised its position in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 65.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,617 shares of the industrial products company's stock after purchasing an additional 33,741 shares during the period. Dean Capital Management owned approximately 0.30% of Columbus McKinnon worth $1,449,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCO. Price T Rowe Associates Inc. MD grew its holdings in shares of Columbus McKinnon by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,433 shares of the industrial products company's stock valued at $836,000 after buying an additional 1,737 shares during the period. Northern Trust Corp lifted its holdings in Columbus McKinnon by 12.2% during the fourth quarter. Northern Trust Corp now owns 278,237 shares of the industrial products company's stock worth $10,362,000 after acquiring an additional 30,176 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Columbus McKinnon by 11.7% in the fourth quarter. Ameriprise Financial Inc. now owns 44,981 shares of the industrial products company's stock valued at $1,675,000 after acquiring an additional 4,728 shares during the period. Bank of America Corp DE grew its stake in Columbus McKinnon by 1.2% in the fourth quarter. Bank of America Corp DE now owns 611,890 shares of the industrial products company's stock valued at $22,787,000 after acquiring an additional 7,201 shares during the period. Finally, Deutsche Bank AG grew its stake in Columbus McKinnon by 52.7% in the fourth quarter. Deutsche Bank AG now owns 25,779 shares of the industrial products company's stock valued at $960,000 after acquiring an additional 8,900 shares during the period. 95.96% of the stock is owned by institutional investors.

Columbus McKinnon Trading Down 3.0%

NASDAQ:CMCO traded down $0.45 on Friday, reaching $14.44. The company's stock had a trading volume of 196,209 shares, compared to its average volume of 295,463. Columbus McKinnon Corporation has a 1-year low of $11.78 and a 1-year high of $41.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. The firm has a market cap of $414.86 million, a PE ratio of -26.74 and a beta of 1.28. The business's 50-day moving average price is $15.02 and its two-hundred day moving average price is $15.55.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%.The firm had revenue of $235.92 million during the quarter, compared to analysts' expectations of $230.88 million. Equities research analysts anticipate that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon's payout ratio is presently -51.85%.

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.