Columbus McKinnon Co. (NASDAQ:CMCO) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,433 shares of the industrial products company’s stock after acquiring an additional 1,737 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.08% of Columbus McKinnon worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Columbus McKinnon by 214.6% during the 3rd quarter. Barclays PLC now owns 52,987 shares of the industrial products company’s stock worth $1,907,000 after purchasing an additional 36,147 shares during the period. Moody National Bank Trust Division boosted its position in Columbus McKinnon by 21.6% during the 4th quarter. Moody National Bank Trust Division now owns 17,138 shares of the industrial products company’s stock worth $638,000 after purchasing an additional 3,049 shares during the period. Park Avenue Securities LLC acquired a new stake in Columbus McKinnon in the 4th quarter valued at $239,000. Bernzott Capital Advisors purchased a new position in Columbus McKinnon in the fourth quarter valued at about $3,766,000. Finally, Cascade Investment Advisors Inc. lifted its stake in shares of Columbus McKinnon by 1.8% during the fourth quarter. Cascade Investment Advisors Inc. now owns 33,110 shares of the industrial products company’s stock worth $1,233,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Price Performance

Shares of Columbus McKinnon stock opened at $16.52 on Monday. Columbus McKinnon Co. has a 1-year low of $11.78 and a 1-year high of $45.84. The company has a market capitalization of $472.69 million, a PE ratio of 50.06 and a beta of 1.33. 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 $15.73 and a 200-day moving average of $27.38.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data 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 0.95% and a return on equity of 8.64%. As a group, equities analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, May 2nd. Columbus McKinnon’s payout ratio is currently 84.85%.

Insider Buying and Selling

In related news, Director Kathryn V. Bohl purchased 2,819 shares of Columbus McKinnon stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $17.99 per share, with a total value of $50,713.81. Following the completion of the transaction, the director now owns 14,812 shares of the company’s stock, valued at approximately $266,467.88. This trade represents a 23.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chad R. Abraham purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $16.05 per share, with a total value of $321,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $321,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 27,819 shares of company stock worth $473,064. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.