Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Columbus McKinnon Co. (NASDAQ:CMCOFree Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,293 shares of the industrial products company’s stock after selling 858 shares during the period. US Bancorp DE owned 0.06% of Columbus McKinnon worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Columbus McKinnon during the third quarter worth about $61,000. SG Americas Securities LLC purchased a new position in Columbus McKinnon in the fourth quarter worth approximately $215,000. Carmel Capital Partners LLC lifted its stake in Columbus McKinnon by 692.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 5,326 shares during the last quarter. Bailard Inc. acquired a new stake in Columbus McKinnon during the fourth quarter worth approximately $258,000. Finally, Acadian Asset Management LLC raised its holdings in Columbus McKinnon by 332.7% during the third quarter. Acadian Asset Management LLC now owns 8,913 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 6,853 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CMCO shares. StockNews.com cut shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of Columbus McKinnon in a research report on Tuesday. They issued an “overweight” rating and a $53.00 price objective on the stock.

View Our Latest Stock Report on CMCO

Insider Activity at Columbus McKinnon

In related news, Director Christopher J. Stephens acquired 1,500 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $38.71 per share, with a total value of $58,065.00. Following the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $58,065. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by corporate insiders.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO opened at $36.80 on Friday. Columbus McKinnon Co. has a one year low of $30.29 and a one year high of $45.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.25 and a current ratio of 1.96. The company’s fifty day moving average is $42.27 and its two-hundred day moving average is $40.36. The firm has a market capitalization of $1.06 billion, a P/E ratio of 22.72 and a beta of 1.26.

Columbus McKinnon (NASDAQ:CMCOGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The industrial products company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.09). Columbus McKinnon had a return on equity of 9.59% and a net margin of 4.60%. The business had revenue of $265.50 million during the quarter, compared to analysts’ expectations of $264.85 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. Columbus McKinnon’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts forecast that Columbus McKinnon Co. will post 3.25 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 2nd. Columbus McKinnon’s payout ratio is 17.28%.

Columbus McKinnon Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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