Columbus McKinnon Co. (NASDAQ:CMCO) Director Acquires $13,890.00 in Stock

Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Jeanne Beliveau-Dunn purchased 1,000 shares of Columbus McKinnon stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $13.89 per share, with a total value of $13,890.00. Following the transaction, the director now directly owns 3,576 shares of the company's stock, valued at $49,670.64. This represents a 38.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Columbus McKinnon Stock Performance

NASDAQ:CMCO traded down $0.03 during trading hours on Thursday, reaching $14.85. The company had a trading volume of 655,687 shares, compared to its average volume of 370,436. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 52 week low of $11.78 and a 52 week high of $41.05. The firm has a market cap of $425.19 million, a price-to-earnings ratio of 45.00 and a beta of 1.33. The firm's 50 day moving average price is $15.19 and its 200-day moving average price is $25.08.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its earnings results on Wednesday, May 28th. The industrial products company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $250.05 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm's revenue was down 7.0% on a year-over-year basis. On average, analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current year.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Friday, May 2nd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, May 2nd. Columbus McKinnon's payout ratio is -164.71%.

Institutional Investors Weigh In On Columbus McKinnon

A number of hedge funds have recently modified their holdings of the business. Inspire Investing LLC grew its position in shares of Columbus McKinnon by 90.0% during the 1st quarter. Inspire Investing LLC now owns 20,431 shares of the industrial products company's stock valued at $346,000 after acquiring an additional 9,676 shares during the period. Palogic Value Management L.P. grew its position in shares of Columbus McKinnon by 49.0% during the 1st quarter. Palogic Value Management L.P. now owns 121,585 shares of the industrial products company's stock valued at $2,058,000 after acquiring an additional 40,000 shares during the period. Dean Capital Management grew its position in shares of Columbus McKinnon by 65.0% during the 1st quarter. Dean Capital Management now owns 85,617 shares of the industrial products company's stock valued at $1,449,000 after acquiring an additional 33,741 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Columbus McKinnon by 5.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,847 shares of the industrial products company's stock valued at $3,739,000 after acquiring an additional 10,780 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Columbus McKinnon during the 1st quarter valued at $495,000. Institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DA Davidson reaffirmed a "neutral" rating and issued a $35.00 target price on shares of Columbus McKinnon in a research report on Tuesday, February 18th. Wall Street Zen downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

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.