Asset Management One Co. Ltd. Has $2 Million Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Asset Management One Co. Ltd. decreased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 50,522 shares of the industrial products company’s stock after selling 4,941 shares during the period. Asset Management One Co. Ltd.’s holdings in Columbus McKinnon were worth $1,996,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Carmel Capital Partners LLC acquired a new stake in Columbus McKinnon during the third quarter valued at $27,000. Tower Research Capital LLC TRC boosted its position in Columbus McKinnon by 350.5% during the first quarter. Tower Research Capital LLC TRC now owns 919 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 715 shares during the last quarter. Point72 Middle East FZE acquired a new stake in Columbus McKinnon during the second quarter valued at $43,000. State of Wyoming boosted its position in Columbus McKinnon by 46.0% during the second quarter. State of Wyoming now owns 1,647 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 519 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Columbus McKinnon during the third quarter valued at $61,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Transactions at Columbus McKinnon

In other news, SVP Lara Mario Y. Ramos sold 9,071 shares of Columbus McKinnon stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.50, for a total value of $349,233.50. Following the transaction, the senior vice president now directly owns 12,266 shares in the company, valued at $472,241. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Lara Mario Y. Ramos sold 9,071 shares of Columbus McKinnon stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $38.50, for a total value of $349,233.50. Following the transaction, the senior vice president now directly owns 12,266 shares in the company, valued at $472,241. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory P. Rustowicz sold 9,461 shares of Columbus McKinnon stock in a transaction dated 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 transaction, the chief financial officer now owns 79,012 shares in the company, valued at $3,274,257.28. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Columbus McKinnon Price Performance

NASDAQ CMCO opened at $41.74 on Friday. Columbus McKinnon Co. has a fifty-two week low of $30.29 and a fifty-two week high of $44.97. The stock’s 50-day moving average is $42.28 and its two-hundred day moving average is $38.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.92 and a quick ratio of 1.16. The firm has a market cap of $1.20 billion, a P/E ratio of 24.70 and a beta of 1.29.

Columbus McKinnon (NASDAQ:CMCO) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Columbus McKinnon had a return on equity of 9.88% and a net margin of 4.86%. The company had revenue of $254.14 million for the quarter, compared to analyst estimates of $254.00 million. During the same period last year, the company earned $0.72 earnings per share. On average, analysts anticipate that Columbus McKinnon Co. will post 2.95 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.67%. Columbus McKinnon’s payout ratio is presently 16.57%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CMCO. TheStreet raised Columbus McKinnon from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. DA Davidson raised their target price on Columbus McKinnon from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, StockNews.com lowered Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th.

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.