Kathryn V. Bohl Buys 2,819 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Kathryn V. Bohl bought 2,819 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of $17.99 per share, with a total value of $50,713.81. Following the completion of the purchase, the director now directly owns 14,812 shares of the company’s stock, valued at approximately $266,467.88. The trade was a 23.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Columbus McKinnon Stock Performance

Shares of NASDAQ:CMCO opened at $18.46 on Friday. The firm has a market capitalization of $528.20 million, a PE ratio of 55.94 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The business has a 50-day moving average of $25.85 and a two-hundred day moving average of $32.12. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. As a group, research analysts forecast that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 7th. Columbus McKinnon’s payout ratio is 84.85%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $35.00 target price on shares of Columbus McKinnon in a research note on Tuesday, February 18th. StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Institutional Investors Weigh In On Columbus McKinnon

Institutional investors and hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Columbus McKinnon in the fourth quarter worth about $26,416,000. Asset Management One Co. Ltd. boosted its position in shares of Columbus McKinnon by 146.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company’s stock worth $2,840,000 after buying an additional 45,073 shares during the period. Victory Capital Management Inc. boosted its position in shares of Columbus McKinnon by 117.8% in the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock worth $27,455,000 after buying an additional 398,826 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Columbus McKinnon in the fourth quarter worth about $14,799,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Columbus McKinnon by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock valued at $14,067,000 after purchasing an additional 18,802 shares during the last quarter. Hedge funds and other 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.