Columbus McKinnon Co. (NASDAQ:CMCO) Director Acquires $37,340.00 in Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Christopher J. Stephens purchased 1,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of $37.34 per share, with a total value of $37,340.00. Following the completion of the acquisition, the director now owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Columbus McKinnon Stock Down 0.8 %

Columbus McKinnon stock opened at $37.14 on Friday. The company has a market capitalization of $1.07 billion, a PE ratio of 70.08 and a beta of 1.19. Columbus McKinnon Co. has a 12-month low of $29.26 and a 12-month high of $45.84. The firm’s fifty day moving average is $33.84 and its 200 day moving average is $35.88. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50.

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

Institutional Trading of Columbus McKinnon

Several large investors have recently made changes to their positions in CMCO. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon during the 3rd quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Columbus McKinnon during the second quarter valued at approximately $39,000. Innealta Capital LLC bought a new stake in shares of Columbus McKinnon during the second quarter valued at approximately $41,000. CWM LLC raised its position in shares of Columbus McKinnon by 679.8% during the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 1,584 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Columbus McKinnon in the 2nd quarter worth $73,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.