Geode Capital Management LLC Raises Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Geode Capital Management LLC increased its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 687,852 shares of the industrial products company’s stock after purchasing an additional 10,581 shares during the period. Geode Capital Management LLC owned 2.40% of Columbus McKinnon worth $24,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Columbus McKinnon by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 193,595 shares of the industrial products company’s stock worth $6,687,000 after buying an additional 10,669 shares during the period. Innealta Capital LLC acquired a new position in shares of Columbus McKinnon during the second quarter worth $41,000. Hantz Financial Services Inc. purchased a new position in shares of Columbus McKinnon in the second quarter valued at $1,405,000. nVerses Capital LLC acquired a new stake in Columbus McKinnon during the 2nd quarter valued at $73,000. Finally, Rhumbline Advisers increased its stake in Columbus McKinnon by 2.0% during the 2nd quarter. Rhumbline Advisers now owns 47,162 shares of the industrial products company’s stock worth $1,629,000 after buying an additional 911 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Stock Performance

Shares of CMCO stock opened at $37.44 on Friday. The company’s fifty day moving average price is $36.75 and its two-hundred day moving average price is $35.12. 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 firm has a market capitalization of $1.07 billion, a P/E ratio of 70.64 and a beta of 1.23. Columbus McKinnon Co. has a 12 month low of $29.26 and a 12 month high of $45.84.

Columbus McKinnon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

Insider Buying and Selling at Columbus McKinnon

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

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.