Columbus McKinnon Co. (NASDAQ:CMCO) Director Buys $101,350.00 in Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Christopher J. Stephens bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $20.27 per share, with a total value of $101,350.00. Following the completion of the acquisition, the director now owns 11,014 shares of the company’s stock, valued at $223,253.78. This trade represents a 83.14 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO opened at $20.48 on Friday. Columbus McKinnon Co. has a fifty-two week low of $19.55 and a fifty-two week high of $45.84. The company has a 50 day simple moving average of $35.48 and a two-hundred day simple moving average of $34.84. The company has a market capitalization of $585.99 million, a price-to-earnings ratio of 38.64 and a beta of 1.22. 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 (NASDAQ:CMCO) last announced its earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a net margin of 1.51% and a return on equity of 9.20%. Analysts expect that Columbus McKinnon Co. will post 2.98 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, February 7th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, February 7th. Columbus McKinnon’s dividend payout ratio (DPR) is currently 84.85%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCO. DA Davidson lowered shares of Columbus McKinnon from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a report on Tuesday. StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Investors Weigh In On Columbus McKinnon

Institutional investors and hedge funds have recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new stake in shares of Columbus McKinnon during the third quarter valued at approximately $25,000. Sterling Capital Management LLC increased its position in shares of Columbus McKinnon by 810.0% during the fourth quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 810 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Columbus McKinnon during the third quarter valued at approximately $144,000. Millburn Ridgefield Corp bought a new stake in shares of Columbus McKinnon during the third quarter valued at approximately $155,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Columbus McKinnon during the fourth quarter valued at approximately $239,000. Institutional investors own 95.96% of the company’s stock.

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.