Foundry Partners LLC lessened its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,734 shares of the industrial products company’s stock after selling 14,043 shares during the period. Foundry Partners LLC owned approximately 0.97% of Columbus McKinnon Corporation worth $8,283,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of CMCO. Principal Financial Group Inc. bought a new stake in shares of Columbus McKinnon Corporation during the 1st quarter valued at $6,443,000. Dimensional Fund Advisors LP grew its position in shares of Columbus McKinnon Corporation by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,264,809 shares of the industrial products company’s stock valued at $31,393,000 after acquiring an additional 152,165 shares during the period. Kennedy Capital Management Inc. lifted its stake in shares of Columbus McKinnon Corporation by 188.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 226,151 shares of the industrial products company’s stock valued at $5,749,000 after buying an additional 147,775 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Columbus McKinnon Corporation by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock valued at $66,309,000 after buying an additional 118,139 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in shares of Columbus McKinnon Corporation during the 2nd quarter valued at $2,490,000. 82.16% of the stock is owned by institutional investors and hedge funds.
In other Columbus McKinnon Corporation news, VP Kurt F. Wozniak sold 13,205 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.64, for a total value of $417,806.20. Following the transaction, the vice president now directly owns 25,426 shares in the company, valued at approximately $804,478.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy T. Tevens sold 43,845 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $31.84, for a total transaction of $1,396,024.80. Following the completion of the transaction, the director now owns 293,536 shares in the company, valued at $9,346,186.24. The disclosure for this sale can be found here. Insiders have sold a total of 100,802 shares of company stock worth $3,399,491 over the last quarter. 3.91% of the stock is currently owned by insiders.
Shares of Columbus McKinnon Corporation (CMCO) traded down $0.61 during midday trading on Monday, hitting $37.14. 221,500 shares of the stock traded hands, compared to its average volume of 128,236. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18. The stock has a market cap of $854.16, a PE ratio of 22.11 and a beta of 1.92. Columbus McKinnon Corporation has a 52-week low of $22.87 and a 52-week high of $41.49.
Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. Columbus McKinnon Corporation had a net margin of 2.65% and a return on equity of 10.95%. The business’s revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. equities analysts forecast that Columbus McKinnon Corporation will post 1.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.16 annualized dividend and a yield of 0.43%. Columbus McKinnon Corporation’s payout ratio is 18.82%.
A number of research firms recently weighed in on CMCO. TheStreet upgraded shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. ValuEngine cut shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a research note on Thursday, August 3rd. Roth Capital set a $36.00 price target on shares of Columbus McKinnon Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.00.
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Columbus McKinnon Corporation Profile
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