Prudent Man Advisors LLC Invests $160,000 in Columbus McKinnon Corporation $CMCO

Prudent Man Advisors LLC purchased a new stake in Columbus McKinnon Corporation (NASDAQ:CMCO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,465 shares of the industrial products company’s stock, valued at approximately $160,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. increased its holdings in Columbus McKinnon by 177.5% in the 1st quarter. Invesco Ltd. now owns 1,263,320 shares of the industrial products company’s stock valued at $21,388,000 after buying an additional 808,110 shares during the period. Segall Bryant & Hamill LLC increased its holdings in Columbus McKinnon by 7.7% in the 1st quarter. Segall Bryant & Hamill LLC now owns 786,153 shares of the industrial products company’s stock valued at $13,310,000 after buying an additional 56,028 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Columbus McKinnon by 24.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 780,806 shares of the industrial products company’s stock valued at $13,219,000 after buying an additional 154,163 shares during the period. Heartland Advisors Inc. increased its holdings in Columbus McKinnon by 477.4% in the 1st quarter. Heartland Advisors Inc. now owns 577,375 shares of the industrial products company’s stock valued at $9,775,000 after buying an additional 477,375 shares during the period. Finally, Stanley Capital Management LLC bought a new stake in Columbus McKinnon in the 1st quarter valued at $8,888,000. Institutional investors own 95.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus McKinnon in a report on Friday. Wall Street Zen raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $35.00.

Columbus McKinnon Stock Up 2.1%

Shares of NASDAQ CMCO opened at $15.75 on Monday. The firm has a market capitalization of $452.50 million, a PE ratio of -29.17 and a beta of 1.26. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. Columbus McKinnon Corporation has a 1 year low of $11.78 and a 1 year high of $41.05. The firm’s 50-day moving average is $14.91 and its 200-day moving average is $15.16.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share for the quarter. The business had revenue of $166.55 million for the quarter. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. Equities analysts expect that Columbus McKinnon Corporation will post 2.69 EPS for the current year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 7th. Columbus McKinnon’s dividend payout ratio (DPR) is currently -51.85%.

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.