Columbus McKinnon Corporation (NASDAQ:CMCO) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,994 shares of the industrial products company’s stock after selling 1,271 shares during the period. US Bancorp DE’s holdings in Columbus McKinnon were worth $355,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Sterling Capital Management LLC grew its stake 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. Bridge City Capital LLC grew its stake in shares of Columbus McKinnon by 0.9% during the first quarter. Bridge City Capital LLC now owns 97,082 shares of the industrial products company’s stock valued at $1,644,000 after acquiring an additional 864 shares in the last quarter. Meros Investment Management LP grew its stake in shares of Columbus McKinnon by 0.3% during the fourth quarter. Meros Investment Management LP now owns 277,468 shares of the industrial products company’s stock valued at $10,333,000 after acquiring an additional 962 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Columbus McKinnon by 7.0% during the fourth quarter. MetLife Investment Management LLC now owns 17,247 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 1,127 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Columbus McKinnon by 79.2% during the first quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 1,512 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Stock Up 4.8%

Shares of Columbus McKinnon stock opened at $15.08 on Thursday. The business has a 50-day moving average of $15.29 and a 200-day moving average of $17.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.85 and a quick ratio of 1.01. The company has a market capitalization of $433.25 million, a PE ratio of -27.93 and a beta of 1.29. Columbus McKinnon Corporation has a 1-year low of $11.78 and a 1-year high of $41.05.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%. The company had revenue of $235.92 million during the quarter, compared to the consensus estimate of $230.88 million. As a group, equities analysts forecast that Columbus McKinnon Corporation 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, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.9%. Columbus McKinnon’s dividend payout ratio (DPR) is presently -51.85%.

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.