Semanteon Capital Management LP Acquires New Shares in Columbus McKinnon Co. (NASDAQ:CMCO)

Semanteon Capital Management LP acquired a new position in Columbus McKinnon Co. (NASDAQ:CMCO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,848 shares of the industrial products company’s stock, valued at approximately $823,000. Semanteon Capital Management LP owned 0.08% of Columbus McKinnon as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Columbus McKinnon during the second quarter valued at approximately $39,000. Innealta Capital LLC acquired a new stake in shares of Columbus McKinnon during the second quarter valued at approximately $41,000. CWM LLC lifted its holdings in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 1,584 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Columbus McKinnon during the second quarter valued at $73,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Columbus McKinnon during the 2nd quarter valued at $106,000. Institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Columbus McKinnon Stock Up 1.6 %

Shares of NASDAQ CMCO traded up $0.53 during mid-day trading on Monday, reaching $32.97. 4,640 shares of the company traded hands, compared to its average volume of 171,664. The company’s fifty day moving average is $33.31 and its two-hundred day moving average is $36.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.20 and a current ratio of 2.07. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The stock has a market cap of $951.48 million, a PE ratio of 20.02 and a beta of 1.17.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Columbus McKinnon had a net margin of 4.52% and a return on equity of 9.50%. The business had revenue of $239.73 million for the quarter, compared to analyst estimates of $241.25 million. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect that Columbus McKinnon Co. will post 3.02 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $0.07 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. Columbus McKinnon’s payout ratio is 17.28%.

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.