Vanguard Group Inc. Boosts Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Vanguard Group Inc. boosted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,612,096 shares of the industrial products company's stock after purchasing an additional 19,550 shares during the quarter. Vanguard Group Inc. owned about 5.62% of Columbus McKinnon worth $60,034,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CMCO. Vaughan Nelson Investment Management L.P. bought a new position in shares of Columbus McKinnon during the fourth quarter worth $26,416,000. Victory Capital Management Inc. boosted its holdings in shares of Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock valued at $27,455,000 after purchasing an additional 398,826 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Columbus McKinnon during the fourth quarter valued at about $14,799,000. Fisher Asset Management LLC grew its position in shares of Columbus McKinnon by 72.2% during the fourth quarter. Fisher Asset Management LLC now owns 406,968 shares of the industrial products company's stock valued at $15,155,000 after purchasing an additional 170,595 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Columbus McKinnon by 736.8% in the fourth quarter. Natixis Advisors LLC now owns 163,397 shares of the industrial products company's stock worth $6,085,000 after purchasing an additional 143,871 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Trading Down 0.9 %

CMCO traded down $0.12 during trading on Thursday, reaching $12.98. The company had a trading volume of 40,940 shares, compared to its average volume of 593,610. The company has a quick ratio of 1.10, a current ratio of 2.03 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 $45.84. The stock has a market cap of $371.40 million, a P/E ratio of 39.33 and a beta of 1.26. The business has a 50 day simple moving average of $17.50 and a 200-day simple moving average of $29.79.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. On average, equities analysts anticipate that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Friday, May 2nd will be paid a $0.07 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.16%. Columbus McKinnon's payout ratio is 84.85%.

Analysts Set New Price Targets

CMCO has been the subject of several research analyst reports. StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. DA Davidson reissued a "neutral" rating and issued a $35.00 target price on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Insider Transactions at Columbus McKinnon

In other news, Director Kathryn V. Bohl acquired 2,819 shares of Columbus McKinnon stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the acquisition, the director now directly owns 14,812 shares of the company's stock, valued at $266,467.88. This trade represents a 23.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Chad R. Abraham bought 20,000 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $16.05 per share, with a total value of $321,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $321,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 27,819 shares of company stock worth $473,064. Insiders own 1.98% of the company's stock.

Columbus McKinnon Company 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.