Columbus McKinnon Co. (NASDAQ:CMCO) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 5.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 390,745 shares of the industrial products company’s stock after buying an additional 18,802 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.36% of Columbus McKinnon worth $14,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CMCO. Foundry Partners LLC lifted its stake in Columbus McKinnon by 27.2% in the third quarter. Foundry Partners LLC now owns 177,055 shares of the industrial products company’s stock valued at $6,374,000 after buying an additional 37,876 shares during the last quarter. Intech Investment Management LLC bought a new stake in Columbus McKinnon in the 3rd quarter valued at about $264,000. Segall Bryant & Hamill LLC lifted its position in Columbus McKinnon by 16.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 373,893 shares of the industrial products company’s stock valued at $13,460,000 after purchasing an additional 53,825 shares during the last quarter. Quest Partners LLC boosted its stake in Columbus McKinnon by 21.4% during the 3rd quarter. Quest Partners LLC now owns 22,611 shares of the industrial products company’s stock valued at $814,000 after purchasing an additional 3,980 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Columbus McKinnon during the third quarter worth approximately $375,000. 95.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David J. Wilson acquired 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the purchase, the chief executive officer now owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher J. Stephens bought 1,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $37.34 per share, with a total value of $37,340.00. Following the transaction, the director now owns 6,014 shares of the company’s stock, valued at $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is owned by corporate insiders.

Columbus McKinnon Price Performance

Shares of CMCO opened at $39.71 on Monday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 74.92 and a beta of 1.23. The stock’s fifty day moving average is $35.75 and its 200-day moving average is $35.23. Columbus McKinnon Co. has a one year low of $29.26 and a one year high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.71%. Columbus McKinnon’s dividend payout ratio 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.