Christopher J. Stephens Purchases 1,000 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO) 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 price of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the purchase, the director now owns 6,014 shares in the company, valued at $224,562.76. This represents a 19.94 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Columbus McKinnon Trading Down 0.1 %

Shares of CMCO stock traded down $0.05 during trading hours on Friday, hitting $37.38. 167,018 shares of the company were exchanged, compared to its average volume of 183,801. The firm has a market cap of $1.07 billion, a P/E ratio of 70.62 and a beta of 1.19. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The company has a 50 day simple moving average of $33.72 and a two-hundred day simple moving average of $35.95.

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Columbus McKinnon

Several hedge funds have recently bought and sold shares of the business. Systematic Financial Management LP grew its position in Columbus McKinnon by 12.0% in the 3rd quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock valued at $28,162,000 after purchasing an additional 83,610 shares during the period. Petrus Trust Company LTA grew its position in Columbus McKinnon by 64.4% in the 3rd quarter. Petrus Trust Company LTA now owns 25,918 shares of the industrial products company’s stock valued at $933,000 after purchasing an additional 10,153 shares during the period. Millburn Ridgefield Corp purchased a new position in Columbus McKinnon during the 3rd quarter worth $155,000. Paloma Partners Management Co purchased a new position in Columbus McKinnon during the 3rd quarter worth $323,000. Finally, Verition Fund Management LLC boosted its holdings in Columbus McKinnon by 72.8% during the 3rd quarter. Verition Fund Management LLC now owns 20,693 shares of the industrial products company’s stock worth $745,000 after acquiring an additional 8,717 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

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.