Van Den Berg Management I Inc. boosted its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO – Free Report) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 534,610 shares of the industrial products company’s stock after acquiring an additional 56,282 shares during the quarter. Columbus McKinnon accounts for about 1.7% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 23rd largest holding. Van Den Berg Management I Inc. owned approximately 1.85% of Columbus McKinnon worth $8,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of CMCO. Public Employees Retirement System of Ohio bought a new stake in Columbus McKinnon in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Columbus McKinnon by 48.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock worth $30,000 after buying an additional 565 shares during the period. Group One Trading LLC raised its holdings in Columbus McKinnon by 266.7% during the 3rd quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,600 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Columbus McKinnon by 66.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Columbus McKinnon by 267.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,893 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Columbus McKinnon news, Director Christopher J. Stephens bought 2,750 shares of Columbus McKinnon stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of $17.14 per share, with a total value of $47,135.00. Following the transaction, the director directly owned 22,317 shares of the company’s stock, valued at $382,513.38. This represents a 14.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Linker purchased 7,500 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $19.67 per share, with a total value of $147,525.00. Following the completion of the purchase, the executive vice president owned 7,500 shares in the company, valued at $147,525. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.09% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on Columbus McKinnon
Columbus McKinnon Stock Performance
Shares of CMCO opened at $18.00 on Friday. The company has a 50-day simple moving average of $16.47 and a two-hundred day simple moving average of $16.13. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.00 and a quick ratio of 1.00. The firm has a market capitalization of $519.48 million, a PE ratio of -2.41 and a beta of 1.37. Columbus McKinnon Corporation has a one year low of $11.99 and a one year high of $24.40.
Columbus McKinnon (NASDAQ:CMCO – Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Columbus McKinnon had a positive return on equity of 10.02% and a negative net margin of 21.25%.The firm had revenue of $531.46 million during the quarter, compared to analyst estimates of $501.27 million. During the same quarter in the prior year, the company earned $0.50 EPS. The business’s revenue was up 125.3% compared to the same quarter last year. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. On average, analysts anticipate that Columbus McKinnon Corporation will post 2.05 EPS for the current fiscal year.
Columbus McKinnon Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, August 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.28 annualized dividend and a yield of 1.6%. Columbus McKinnon’s dividend payout ratio (DPR) is currently -3.75%.
Columbus McKinnon Profile
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.
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