Columbus McKinnon Co. (NASDAQ:CMCO) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 56.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,751 shares of the industrial products company's stock after purchasing an additional 48,275 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.47% of Columbus McKinnon worth $5,219,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in Columbus McKinnon by 2.6% during the 3rd quarter. BlackRock Inc. now owns 2,223,266 shares of the industrial products company's stock worth $58,159,000 after acquiring an additional 55,329 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Columbus McKinnon by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,791,162 shares of the industrial products company's stock worth $66,558,000 after acquiring an additional 62,205 shares during the last quarter. Macquarie Group Ltd. grew its position in Columbus McKinnon by 2.5% during the 1st quarter. Macquarie Group Ltd. now owns 1,539,598 shares of the industrial products company's stock worth $57,211,000 after acquiring an additional 36,868 shares during the last quarter. Vanguard Group Inc. grew its position in Columbus McKinnon by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,509,323 shares of the industrial products company's stock worth $52,690,000 after acquiring an additional 14,621 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Columbus McKinnon by 5.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,360,591 shares of the industrial products company's stock worth $44,178,000 after acquiring an additional 66,610 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMCO has been the subject of several research analyst reports. DA Davidson increased their price objective on Columbus McKinnon from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, February 5th. StockNews.com cut Columbus McKinnon from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 27th. Finally, TheStreet upgraded Columbus McKinnon from a "c+" rating to a "b-" rating in a report on Tuesday, January 2nd.

Insider Activity

In other Columbus McKinnon news, CFO Gregory P. Rustowicz sold 9,461 shares of Columbus McKinnon stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $41.44, for a total transaction of $392,063.84. Following the completion of the transaction, the chief financial officer now owns 79,012 shares in the company, valued at $3,274,257.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Columbus McKinnon news, CFO Gregory P. Rustowicz sold 9,461 shares of Columbus McKinnon stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $41.44, for a total transaction of $392,063.84. Following the completion of the transaction, the chief financial officer now owns 79,012 shares in the company, valued at $3,274,257.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lara Mario Y. Ramos sold 9,071 shares of Columbus McKinnon stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $38.50, for a total value of $349,233.50. Following the transaction, the senior vice president now owns 12,266 shares of the company's stock, valued at approximately $472,241. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Columbus McKinnon Stock Down 3.4 %

Shares of CMCO traded down $1.53 on Monday, reaching $43.10. The stock had a trading volume of 109,965 shares, compared to its average volume of 145,651. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 25.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.92. The company has a 50-day simple moving average of $41.61 and a 200-day simple moving average of $37.64. Columbus McKinnon Co. has a 12-month low of $30.29 and a 12-month high of $44.97.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $254.14 million during the quarter, compared to analysts' expectations of $254.00 million. Columbus McKinnon had a return on equity of 9.88% and a net margin of 4.86%. During the same quarter last year, the business posted $0.72 EPS. Sell-side analysts predict that Columbus McKinnon Co. will post 2.95 EPS for the current year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, May 2nd. Columbus McKinnon's payout ratio is presently 16.57%.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.