Columbus McKinnon Co. (NASDAQ:CMCO) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,087 shares of the industrial products company’s stock after acquiring an additional 9,179 shares during the period. Raymond James & Associates owned approximately 0.25% of Columbus McKinnon worth $2,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Columbus McKinnon by 80.5% in the 1st quarter. BNP Paribas Financial Markets now owns 28,767 shares of the industrial products company’s stock valued at $1,284,000 after buying an additional 12,827 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Columbus McKinnon by 288.2% during the 1st quarter. Quantbot Technologies LP now owns 6,094 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 4,524 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Columbus McKinnon in the 1st quarter worth $531,000. Sei Investments Co. boosted its holdings in Columbus McKinnon by 0.9% in the first quarter. Sei Investments Co. now owns 114,200 shares of the industrial products company’s stock valued at $5,097,000 after acquiring an additional 999 shares during the last quarter. Finally, Isthmus Partners LLC boosted its holdings in Columbus McKinnon by 46.9% in the first quarter. Isthmus Partners LLC now owns 84,531 shares of the industrial products company’s stock valued at $3,773,000 after acquiring an additional 26,975 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Insider Buying and Selling at Columbus McKinnon

In related news, CEO David J. Wilson purchased 31,300 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $32.02 per share, for a total transaction of $1,002,226.00. Following the acquisition, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.98% of the company’s stock.

Columbus McKinnon Stock Performance

Shares of CMCO stock opened at $33.63 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $33.18 and a two-hundred day moving average of $36.14. Columbus McKinnon Co. has a 52 week low of $29.26 and a 52 week high of $45.84. The company has a market cap of $964.84 million, a P/E ratio of 63.45 and a beta of 1.19.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is currently 52.83%.

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.