LSV Asset Management Acquires 38,946 Shares of Columbus McKinnon Corporation $CMCO

LSV Asset Management grew its holdings in shares of Columbus McKinnon Corporation (NASDAQ:CMCOFree Report) by 56.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 107,746 shares of the industrial products company’s stock after acquiring an additional 38,946 shares during the period. LSV Asset Management owned about 0.38% of Columbus McKinnon worth $1,859,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC raised its stake in Columbus McKinnon by 18.1% during the fourth quarter. Signaturefd LLC now owns 3,554 shares of the industrial products company’s stock worth $61,000 after buying an additional 545 shares during the last quarter. Access Investment Management LLC raised its stake in Columbus McKinnon by 0.9% during the third quarter. Access Investment Management LLC now owns 82,950 shares of the industrial products company’s stock worth $1,190,000 after buying an additional 735 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Columbus McKinnon by 4.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 20,040 shares of the industrial products company’s stock worth $346,000 after buying an additional 850 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Columbus McKinnon by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock worth $166,000 after buying an additional 852 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Columbus McKinnon by 66.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Trading Up 2.9%

NASDAQ:CMCO opened at $16.28 on Thursday. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $467.89 million, a price-to-earnings ratio of 77.52 and a beta of 1.39. The firm has a fifty day simple moving average of $15.02 and a two-hundred day simple moving average of $17.15. Columbus McKinnon Corporation has a 12 month low of $13.31 and a 12 month high of $24.40.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, May 1st. Columbus McKinnon’s dividend payout ratio (DPR) is presently 133.33%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMCO shares. JPMorgan Chase & Co. lowered their target price on shares of Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. DA Davidson set a $20.00 target price on shares of Columbus McKinnon in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Columbus McKinnon in a research note on Tuesday, April 14th. Finally, Zacks Research downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.50.

View Our Latest Analysis on Columbus McKinnon

Columbus McKinnon Profile

(Free Report)

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.

See Also

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

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