Stanley Capital Management LLC Takes Position in Columbus McKinnon Corporation $CMCO

Key Points

• Stanley Capital Management LLC has acquired 525,000 shares of Columbus McKinnon Corporation, valued at approximately $8,888,000, making it the 26th largest holding in their portfolio.
• Columbus McKinnon recently reported earnings of $0.50 per share, surpassing analyst expectations of $0.47, with a revenue of $235.92 million for the quarter.
• The company declared a $0.07 quarterly dividend with an annualized yield of 1.9%, despite a negative net margin of 1.63%.

Stanley Capital Management LLC acquired a new position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 525,000 shares of the industrial products company's stock, valued at approximately $8,888,000. Columbus McKinnon makes up approximately 1.7% of Stanley Capital Management LLC's holdings, making the stock its 26th largest position. Stanley Capital Management LLC owned approximately 1.83% of Columbus McKinnon at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Columbus McKinnon by 12.2% during the 4th 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. boosted its position in shares of Columbus McKinnon by 11.7% during the 4th quarter. Ameriprise Financial Inc. now owns 44,981 shares of the industrial products company's stock worth $1,675,000 after acquiring an additional 4,728 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Columbus McKinnon by 1.2% in the 4th quarter. Bank of America Corp DE now owns 611,890 shares of the industrial products company's stock valued at $22,787,000 after purchasing an additional 7,201 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Columbus McKinnon by 52.7% in the 4th quarter. Deutsche Bank AG now owns 25,779 shares of the industrial products company's stock valued at $960,000 after purchasing an additional 8,900 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Columbus McKinnon in the 4th quarter valued at $411,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Price Performance

Columbus McKinnon stock traded up $0.36 during mid-day trading on Wednesday, reaching $15.19. The company had a trading volume of 101,878 shares, compared to its average volume of 481,901. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The company has a market cap of $436.41 million, a P/E ratio of -28.14 and a beta of 1.28. The business has a fifty day simple moving average of $14.98 and a 200 day simple moving average of $15.52.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $235.92 million for the quarter, compared to the consensus estimate of $230.88 million. On average, equities research analysts predict that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were given a dividend of $0.07 per share. The ex-dividend date was Friday, August 8th. This represents a $0.28 annualized dividend and a yield of 1.8%. Columbus McKinnon's dividend payout ratio (DPR) is currently -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.