Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by Foundry Partners LLC

Foundry Partners LLC decreased its position in Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,165 shares of the industrial products company's stock after selling 23,915 shares during the quarter. Foundry Partners LLC owned approximately 0.34% of Columbus McKinnon worth $3,830,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Oak Family Advisors LLC grew its stake in shares of Columbus McKinnon by 2.4% in the 3rd quarter. Oak Family Advisors LLC now owns 25,620 shares of the industrial products company's stock worth $894,000 after acquiring an additional 600 shares in the last quarter. Barclays PLC grew its position in Columbus McKinnon by 4.9% during the third quarter. Barclays PLC now owns 15,669 shares of the industrial products company's stock valued at $548,000 after buying an additional 736 shares during the period. Carmel Capital Partners LLC bought a new position in Columbus McKinnon during the third quarter valued at about $27,000. Teacher Retirement System of Texas grew its position in Columbus McKinnon by 4.0% during the third quarter. Teacher Retirement System of Texas now owns 22,834 shares of the industrial products company's stock valued at $797,000 after buying an additional 881 shares during the period. Finally, Swiss National Bank grew its position in Columbus McKinnon by 1.4% during the third quarter. Swiss National Bank now owns 63,211 shares of the industrial products company's stock valued at $2,207,000 after buying an additional 900 shares during the period. Institutional investors own 95.96% of the company's stock.

Insider Buying and Selling at Columbus McKinnon

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. DA Davidson increased their price target on shares of Columbus McKinnon from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 5th. TheStreet raised shares of Columbus McKinnon from a "c+" rating to a "b-" rating in a report on Tuesday, January 2nd. Finally, StockNews.com downgraded shares of Columbus McKinnon from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 27th.

Columbus McKinnon Price Performance

Shares of CMCO stock traded up $0.63 during trading on Tuesday, hitting $41.52. The company had a trading volume of 123,002 shares, compared to its average volume of 138,955. The company has a quick ratio of 1.16, a current ratio of 1.92 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average is $42.20 and its two-hundred day moving average is $38.40. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.57 and a beta of 1.29. Columbus McKinnon Co. has a 52 week low of $30.29 and a 52 week high of $44.97.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its quarterly 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. Columbus McKinnon had a net margin of 4.86% and a return on equity of 9.88%. The business had revenue of $254.14 million for the quarter, compared to analysts' expectations of $254.00 million. During the same period last year, the business earned $0.72 earnings per share. As a group, analysts predict that Columbus McKinnon Co. will post 2.95 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Friday, May 3rd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, May 2nd. Columbus McKinnon's payout ratio is currently 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.