Christopher J. Stephens Acquires 1,000 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Christopher J. Stephens purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, the director now owns 6,014 shares in the company, valued at $224,562.76. The trade was a 19.94 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Columbus McKinnon Trading Down 0.8 %

Shares of Columbus McKinnon stock opened at $37.14 on Monday. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The firm has a 50-day moving average of $33.84 and a 200-day moving average of $35.84. The stock has a market cap of $1.07 billion, a PE ratio of 70.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon Announces Dividend

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

Hedge Funds Weigh In On Columbus McKinnon

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Columbus McKinnon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 687,852 shares of the industrial products company’s stock worth $24,767,000 after buying an additional 10,581 shares in the last quarter. Barclays PLC boosted its position in Columbus McKinnon by 214.6% in the third quarter. Barclays PLC now owns 52,987 shares of the industrial products company’s stock valued at $1,907,000 after buying an additional 36,147 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Columbus McKinnon by 12.0% during the third quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock worth $28,162,000 after buying an additional 83,610 shares during the last quarter. Petrus Trust Company LTA increased its holdings in shares of Columbus McKinnon by 64.4% during the third quarter. Petrus Trust Company LTA now owns 25,918 shares of the industrial products company’s stock worth $933,000 after buying an additional 10,153 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new position in shares of Columbus McKinnon in the 3rd quarter valued at $155,000. 95.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a 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.