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

Columbus McKinnon Co. (NASDAQ:CMCO - Get Free Report) Director Jeanne Beliveau-Dunn purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were bought at an average cost of $13.89 per share, for a total transaction of $13,890.00. Following the completion of the acquisition, the director now directly owns 3,576 shares in the company, valued at $49,670.64. The trade was a 38.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Columbus McKinnon Trading Up 3.4%

Shares of CMCO stock traded up $0.50 on Friday, hitting $15.35. The company had a trading volume of 403,406 shares, compared to its average volume of 372,063. The stock's 50-day moving average is $15.17 and its two-hundred day moving average is $24.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. The firm has a market cap of $439.50 million, a P/E ratio of 46.52 and a beta of 1.28. Columbus McKinnon Co. has a twelve month low of $11.78 and a twelve month high of $41.05.

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

Columbus McKinnon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Friday, May 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, May 2nd. Columbus McKinnon's dividend payout ratio is presently -164.71%.

Institutional Trading of Columbus McKinnon

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in shares of Columbus McKinnon by 214.6% in the 3rd quarter. Barclays PLC now owns 52,987 shares of the industrial products company's stock worth $1,907,000 after acquiring an additional 36,147 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Columbus McKinnon during the fourth quarter worth approximately $26,416,000. Legato Capital Management LLC grew its stake in Columbus McKinnon by 68.0% during the fourth quarter. Legato Capital Management LLC now owns 54,294 shares of the industrial products company's stock worth $2,022,000 after purchasing an additional 21,979 shares during the period. Asset Management One Co. Ltd. increased its holdings in Columbus McKinnon by 146.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company's stock worth $2,840,000 after purchasing an additional 45,073 shares in the last quarter. Finally, Access Investment Management LLC lifted its stake in Columbus McKinnon by 112.1% in the fourth quarter. Access Investment Management LLC now owns 86,900 shares of the industrial products company's stock valued at $3,236,000 after buying an additional 45,920 shares during the period. Institutional investors own 95.96% of the company's stock.

Wall Street Analyst Weigh In

CMCO has been the subject of a number of recent research reports. Wall Street Zen cut Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. DA Davidson reiterated a "neutral" rating and set a $35.00 price target on shares of Columbus McKinnon in a report on Tuesday, February 18th.

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.