Foundry Partners LLC Grows Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Foundry Partners LLC boosted its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 27.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,055 shares of the industrial products company’s stock after buying an additional 37,876 shares during the quarter. Foundry Partners LLC owned approximately 0.62% of Columbus McKinnon worth $6,374,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMCO. Mascoma Wealth Management LLC purchased a new position in shares of Columbus McKinnon in the third quarter valued at approximately $25,000. Quarry LP acquired a new stake in Columbus McKinnon during the 2nd quarter worth $39,000. Innealta Capital LLC acquired a new stake in Columbus McKinnon during the 2nd quarter worth $41,000. CWM LLC raised its position in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after buying an additional 1,584 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Columbus McKinnon in the second quarter worth about $73,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Columbus McKinnon Trading Up 0.1 %

Shares of CMCO stock opened at $36.01 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84. The company’s 50-day moving average price is $34.20 and its 200-day moving average price is $35.75. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 67.93 and a beta of 1.19.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.07 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Insider Transactions at Columbus McKinnon

In related news, CEO David J. Wilson bought 31,300 shares of the stock in a transaction on Friday, November 1st. The stock was bought at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the purchase, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher J. Stephens purchased 1,000 shares of Columbus McKinnon stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

About Columbus McKinnon

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.