Columbus McKinnon Corporation $CMCO Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,426 shares of the industrial products company’s stock after selling 2,353 shares during the quarter. Deutsche Bank AG owned about 0.08% of Columbus McKinnon worth $397,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Bridge City Capital LLC grew its position in shares of Columbus McKinnon by 0.9% in the 1st quarter. Bridge City Capital LLC now owns 97,082 shares of the industrial products company’s stock worth $1,644,000 after acquiring an additional 864 shares in the last quarter. Meros Investment Management LP boosted its holdings in Columbus McKinnon by 0.3% in the fourth quarter. Meros Investment Management LP now owns 277,468 shares of the industrial products company’s stock worth $10,333,000 after purchasing an additional 962 shares during the period. MetLife Investment Management LLC increased its stake in Columbus McKinnon by 7.0% during the fourth quarter. MetLife Investment Management LLC now owns 17,247 shares of the industrial products company’s stock valued at $642,000 after purchasing an additional 1,127 shares during the last quarter. CWM LLC increased its stake in Columbus McKinnon by 79.2% during the first quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,512 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Columbus McKinnon by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,433 shares of the industrial products company’s stock worth $836,000 after purchasing an additional 1,737 shares during the period. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Trading Up 0.5%

Columbus McKinnon stock opened at $15.22 on Friday. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The firm’s 50-day moving average is $15.16 and its 200-day moving average is $15.97. 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 announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The business had revenue of $235.92 million during the quarter, compared to the consensus estimate of $230.88 million. On average, equities analysts expect that Columbus McKinnon Corporation will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

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

Columbus McKinnon 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.