Systematic Financial Management LP Has $28.16 Million Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Systematic Financial Management LP lifted its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 12.0% during the third quarter, HoldingsChannel reports. The fund owned 782,274 shares of the industrial products company’s stock after purchasing an additional 83,610 shares during the quarter. Systematic Financial Management LP’s holdings in Columbus McKinnon were worth $28,162,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMCO. Price T Rowe Associates Inc. MD increased its stake in shares of Columbus McKinnon by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,384 shares of the industrial products company’s stock worth $776,000 after acquiring an additional 995 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Columbus McKinnon in the first quarter worth $259,000. Comerica Bank increased its position in Columbus McKinnon by 214.3% during the first quarter. Comerica Bank now owns 12,262 shares of the industrial products company’s stock worth $547,000 after buying an additional 8,361 shares during the last quarter. CWM LLC increased its position in Columbus McKinnon by 679.8% during the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock worth $63,000 after buying an additional 1,584 shares during the last quarter. Finally, Andina Capital Management LLC increased its position in Columbus McKinnon by 3.7% during the second quarter. Andina Capital Management LLC now owns 8,671 shares of the industrial products company’s stock worth $300,000 after buying an additional 311 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Trading Up 1.5 %

Columbus McKinnon stock opened at $39.57 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 74.66 and a beta of 1.23. Columbus McKinnon Co. has a one year low of $29.26 and a one year high of $45.84. The company’s fifty day moving average price is $35.47 and its two-hundred day moving average price is $35.35.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s payout ratio is 52.83%.

Insiders Place Their Bets

In other news, Director Christopher J. Stephens purchased 1,000 shares of the firm’s stock in a transaction on 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 acquisition, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. The trade was a 19.94 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David J. Wilson purchased 31,300 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.98% 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.