Swiss National Bank Has $941,000 Stock Holdings in Columbus McKinnon Corporation $CMCO

Swiss National Bank trimmed its holdings in Columbus McKinnon Corporation (NASDAQ:CMCO) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,611 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Swiss National Bank owned about 0.19% of Columbus McKinnon worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Columbus McKinnon by 743.4% in the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 2,141 shares during the period. Versant Capital Management Inc lifted its stake in shares of Columbus McKinnon by 3,784.1% in the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 2,384 shares during the period. Parallel Advisors LLC acquired a new position in shares of Columbus McKinnon in the 1st quarter valued at about $47,000. High Note Wealth LLC acquired a new position in shares of Columbus McKinnon in the 1st quarter valued at about $48,000. Finally, CWM LLC raised its stake in Columbus McKinnon by 79.2% during the 1st quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock worth $58,000 after buying an additional 1,512 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Stock Down 0.8%

CMCO stock opened at $15.22 on Wednesday. The stock’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $16.11. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. The company has a market cap of $437.27 million, a P/E ratio of -28.19 and a beta of 1.29.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%.The business had revenue of $235.92 million for the quarter, compared to the consensus estimate of $230.88 million. On average, research analysts expect that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Columbus McKinnon’s dividend payout ratio is -51.85%.

About Columbus McKinnon

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.