Sei Investments Co. Acquires 88,285 Shares of Columbus McKinnon Corporation $CMCO

Key Points

• Sei Investments increased its Columbus McKinnon stake by 89.5% in the first quarter, adding 88,285 shares to own 186,969 shares valued at approximately $2.7 million. Institutional investors collectively hold 95.96% of the company.
• Columbus McKinnon reported quarterly EPS of $0.61, beating estimates of $0.27, while revenue rose 125.3% year over year to $531.46 million. The company issued fiscal 2027 EPS guidance of $1.90–$2.10.
• The stock carries a consensus “Hold” rating with an average price target of $23, despite JPMorgan raising its target to $29 and assigning an “overweight” rating. The company also declared a quarterly dividend of $0.07 per share, yielding about 1.4%.

Sei Investments Co. grew its holdings in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) by 89.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 186,969 shares of the industrial products company's stock after buying an additional 88,285 shares during the period. Sei Investments Co. owned 0.65% of Columbus McKinnon worth $2,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in Columbus McKinnon by 48.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 565 shares in the last quarter. Group One Trading LLC raised its holdings in Columbus McKinnon by 266.7% in the 3rd quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company's stock worth $32,000 after purchasing an additional 1,600 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Columbus McKinnon by 66.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company's stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Columbus McKinnon by 267.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company's stock worth $40,000 after purchasing an additional 1,893 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Columbus McKinnon by 41.4% in the 4th quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company's stock worth $54,000 after purchasing an additional 918 shares during the period. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Stock Performance

Shares of CMCO stock opened at $20.22 on Friday. The company has a market capitalization of $583.63 million, a price-to-earnings ratio of -2.71 and a beta of 1.37. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.00 and a current ratio of 2.00. Columbus McKinnon Corporation has a one year low of $11.99 and a one year high of $24.40. The company's 50-day moving average is $15.16 and its 200 day moving average is $16.41.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Columbus McKinnon had a negative net margin of 21.25% and a positive return on equity of 10.02%. The business had revenue of $531.46 million during the quarter, compared to analysts' expectations of $501.27 million. During the same period in the previous year, the company earned $0.50 earnings per share. The business's revenue for the quarter was up 125.3% compared to the same quarter last year. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. Sell-side analysts expect that Columbus McKinnon Corporation will post 2.05 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 7th. Columbus McKinnon's payout ratio is presently -3.75%.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, EVP John R. Linker acquired 7,500 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $19.67 per share, with a total value of $147,525.00. Following the transaction, the executive vice president owned 7,500 shares of the company's stock, valued at $147,525. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.09% of the company's stock.

Analyst Upgrades and Downgrades

CMCO has been the topic of several research analyst reports. Wall Street Zen cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. Weiss Ratings cut Columbus McKinnon from a "sell (d)" rating to a "sell (d-)" rating in a research report on Friday, July 31st. Zacks Research cut Columbus McKinnon from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 9th. DA Davidson reduced their target price on Columbus McKinnon from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. increased their target price on Columbus McKinnon from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.00.

About Columbus McKinnon

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company's product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.

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