Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 1,558 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $40.10, for a total value of $62,475.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Alan S. Korman also recently made the following trade(s):
- On Thursday, November 30th, Alan S. Korman sold 261 shares of Columbus McKinnon stock. The shares were sold at an average price of $40.11, for a total value of $10,468.71.
Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up $0.29 during trading on Thursday, reaching $39.45. The company had a trading volume of 74,100 shares, compared to its average volume of 125,059. The firm has a market cap of $911.89, a P/E ratio of 23.31 and a beta of 1.90. Columbus McKinnon Corporation has a twelve month low of $22.88 and a twelve month high of $41.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.
Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The business had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The firm’s revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. equities research analysts predict that Columbus McKinnon Corporation will post 1.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, November 9th. Columbus McKinnon’s payout ratio is presently 18.82%.
CMCO has been the topic of a number of analyst reports. ValuEngine raised Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, November 2nd. Finally, Roth Capital raised their price objective on Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $37.00.
A number of institutional investors have recently modified their holdings of the stock. Kennedy Capital Management Inc. increased its holdings in Columbus McKinnon by 188.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 226,151 shares of the industrial products company’s stock worth $5,749,000 after purchasing an additional 147,775 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Columbus McKinnon by 14.6% during the 3rd quarter. Macquarie Group Ltd. now owns 974,628 shares of the industrial products company’s stock worth $36,909,000 after purchasing an additional 124,442 shares in the last quarter. Royal Bank of Canada increased its holdings in Columbus McKinnon by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock worth $66,309,000 after purchasing an additional 118,139 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbus McKinnon by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock worth $34,906,000 after purchasing an additional 108,359 shares in the last quarter. Finally, EAM Investors LLC bought a new position in Columbus McKinnon during the 2nd quarter worth about $2,490,000. 85.17% of the stock is currently owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Alan S. Korman Sells 1,558 Shares of Columbus McKinnon Corporation (CMCO) Stock” was posted by Stock Observer and is the property of of Stock Observer. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.thestockobserver.com/2017/12/07/alan-s-korman-sells-1558-shares-of-columbus-mckinnon-corporation-cmco-stock.html.
Columbus McKinnon Company Profile
Receive News & Ratings for Columbus McKinnon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.