Nuveen LLC Makes New Investment in Columbus McKinnon Corporation $CMCO

Key Points

• Nuveen LLC invested approximately $1.80 million in Columbus McKinnon Corporation by acquiring 106,126 shares, representing about 0.37% of the company.
• Columbus McKinnon recently reported Q2 earnings with an **EPS of $0.50**, beating the expected $0.47, and revenue of $235.92 million.
• The company announced a quarterly dividend of $0.07 per share, which reflects an annualized yield of 1.9% and a payout ratio of -51.85%.

Nuveen LLC bought a new position in Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 106,126 shares of the industrial products company's stock, valued at approximately $1,797,000. Nuveen LLC owned about 0.37% of Columbus McKinnon as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CMCO. Versant Capital Management Inc raised its holdings in Columbus McKinnon by 3,784.1% in the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock worth $41,000 after acquiring an additional 2,384 shares during the last quarter. Signaturefd LLC raised its stake in shares of Columbus McKinnon by 743.4% in the first quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock worth $41,000 after purchasing an additional 2,141 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of Columbus McKinnon during the first quarter valued at $47,000. High Note Wealth LLC bought a new position in shares of Columbus McKinnon during the first quarter valued at $48,000. Finally, CWM LLC boosted its position in shares of Columbus McKinnon by 79.2% during the first quarter. CWM LLC now owns 3,422 shares of the industrial products company's stock valued at $58,000 after buying an additional 1,512 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Performance

NASDAQ:CMCO traded down $0.59 during mid-day trading on Wednesday, reaching $14.24. The company's stock had a trading volume of 97,546 shares, compared to its average volume of 493,500. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. The stock has a market cap of $409.04 million, a P/E ratio of -26.33 and a beta of 1.28. The firm's fifty day moving average price is $15.18 and its two-hundred day moving average price is $15.82. Columbus McKinnon Corporation has a 12-month low of $11.78 and a 12-month high of $41.05.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly 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 negative net margin of 1.63% and a positive return on equity of 7.62%. The firm had revenue of $235.92 million for the quarter, compared to the consensus estimate of $230.88 million. On average, equities analysts forecast that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Friday, August 8th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 8th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. Columbus McKinnon's payout ratio is currently -51.85%.

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.