Keeley Teton Advisors LLC Raises Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Keeley Teton Advisors LLC lifted its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCOFree Report) by 24.2% during the 4th quarter, Holdings Channel reports. The fund owned 52,785 shares of the industrial products company’s stock after buying an additional 10,277 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Columbus McKinnon were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Barclays PLC grew its position in Columbus McKinnon by 4.9% in the third quarter. Barclays PLC now owns 15,669 shares of the industrial products company’s stock worth $548,000 after acquiring an additional 736 shares during the period. Swiss National Bank grew its holdings in shares of Columbus McKinnon by 1.4% during the 3rd quarter. Swiss National Bank now owns 63,211 shares of the industrial products company’s stock worth $2,207,000 after purchasing an additional 900 shares during the period. Ziegler Capital Management LLC increased its position in shares of Columbus McKinnon by 7.5% during the 4th quarter. Ziegler Capital Management LLC now owns 18,370 shares of the industrial products company’s stock worth $717,000 after purchasing an additional 1,288 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in Columbus McKinnon by 13,440.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company’s stock valued at $53,000 after buying an additional 1,344 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Columbus McKinnon by 6.2% in the 4th quarter. Teacher Retirement System of Texas now owns 24,251 shares of the industrial products company’s stock valued at $946,000 after buying an additional 1,417 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 27th. JPMorgan Chase & Co. started coverage on shares of Columbus McKinnon in a report on Tuesday. They issued an “overweight” rating and a $53.00 target price for the company.

Check Out Our Latest Stock Analysis on Columbus McKinnon

Columbus McKinnon Trading Up 0.9 %

CMCO traded up $0.35 during mid-day trading on Wednesday, hitting $37.41. 237,333 shares of the stock were exchanged, compared to its average volume of 141,159. The firm’s fifty day moving average is $42.56 and its two-hundred day moving average is $40.40. Columbus McKinnon Co. has a 1-year low of $30.29 and a 1-year high of $45.84. The company has a market cap of $1.08 billion, a PE ratio of 23.09 and a beta of 1.26. The company has a current ratio of 1.96, a quick ratio of 1.25 and a debt-to-equity ratio of 0.54.

Columbus McKinnon (NASDAQ:CMCOGet Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The industrial products company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). The business had revenue of $265.50 million during the quarter, compared to analyst estimates of $264.85 million. Columbus McKinnon had a net margin of 4.60% and a return on equity of 9.59%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Equities analysts forecast that Columbus McKinnon Co. will post 3.46 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 2nd. Columbus McKinnon’s payout ratio is currently 17.28%.

Insider Activity at Columbus McKinnon

In other news, Director Christopher J. Stephens bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $38.71 per share, for a total transaction of $58,065.00. Following the completion of the purchase, the director now owns 1,500 shares of the company’s stock, valued at $58,065. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.47% of the stock is currently owned by company insiders.

Columbus McKinnon Company Profile

(Free Report)

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.

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Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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