TFO Wealth Partners LLC Has $53,000 Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

TFO Wealth Partners LLC boosted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCOFree Report) by 13,440.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,354 shares of the industrial products company’s stock after buying an additional 1,344 shares during the period. TFO Wealth Partners LLC’s holdings in Columbus McKinnon were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Columbus McKinnon by 56.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 133,751 shares of the industrial products company’s stock worth $5,219,000 after purchasing an additional 48,275 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Columbus McKinnon by 45.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,463 shares of the industrial products company’s stock valued at $5,043,000 after buying an additional 45,075 shares during the period. Meros Investment Management LP grew its holdings in shares of Columbus McKinnon by 16.2% during the 3rd quarter. Meros Investment Management LP now owns 206,308 shares of the industrial products company’s stock valued at $7,202,000 after acquiring an additional 28,719 shares in the last quarter. Moody National Bank Trust Division increased its stake in shares of Columbus McKinnon by 23.1% in the fourth quarter. Moody National Bank Trust Division now owns 9,426 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 1,766 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Columbus McKinnon by 2.2% during the fourth quarter. Truist Financial Corp now owns 66,726 shares of the industrial products company’s stock worth $2,604,000 after acquiring an additional 1,424 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Columbus McKinnon

In other news, Director Christopher J. Stephens bought 1,500 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $38.71 per share, with a total value of $58,065.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $58,065. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.47% of the stock is currently owned by company insiders.

Columbus McKinnon Trading Down 1.6 %

Columbus McKinnon stock 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’s fifty day moving average price is $42.27 and its two-hundred day moving average price is $40.36. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 22.72 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.96 and a quick ratio of 1.25.

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

Columbus McKinnon Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com downgraded Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. initiated coverage on Columbus McKinnon in a research note on Tuesday. They issued an “overweight” rating and a $53.00 price target for the company.

Check Out Our Latest Stock Analysis on Columbus McKinnon

About Columbus McKinnon

(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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