Providence Capital Advisors LLC Has $3.89 Million Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Providence Capital Advisors LLC grew its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,595 shares of the industrial products company’s stock after acquiring an additional 941 shares during the period. Providence Capital Advisors LLC owned 0.39% of Columbus McKinnon worth $3,889,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMCO. Charles Schwab Investment Management Inc. grew its stake in shares of Columbus McKinnon by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 357,833 shares of the industrial products company’s stock valued at $13,963,000 after buying an additional 5,125 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Columbus McKinnon by 26.5% in the 4th quarter. BNP Paribas Financial Markets now owns 15,940 shares of the industrial products company’s stock valued at $622,000 after buying an additional 3,342 shares during the period. TFO Wealth Partners LLC grew its stake in shares of Columbus McKinnon by 13,440.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company’s stock valued at $53,000 after buying an additional 1,344 shares during the period. Isthmus Partners LLC grew its stake in shares of Columbus McKinnon by 4.5% in the 4th quarter. Isthmus Partners LLC now owns 57,556 shares of the industrial products company’s stock valued at $2,246,000 after buying an additional 2,456 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Columbus McKinnon in the 4th quarter valued at about $524,000. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Columbus McKinnon Price Performance

Columbus McKinnon stock opened at $32.48 on Tuesday. Columbus McKinnon Co. has a 52 week low of $29.26 and a 52 week high of $45.84. The company’s 50 day moving average price is $33.91 and its two-hundred day moving average price is $37.91. The company has a quick ratio of 1.20, a current ratio of 2.07 and a debt-to-equity ratio of 0.52. The stock has a market cap of $937.34 million, a P/E ratio of 20.05 and a beta of 1.18.

Columbus McKinnon (NASDAQ:CMCO) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Columbus McKinnon had a net margin of 4.52% and a return on equity of 9.50%. The firm had revenue of $239.73 million for the quarter, compared to analysts’ expectations of $241.25 million. During the same quarter last year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Columbus McKinnon Co. will post 3.02 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.28 annualized dividend and a dividend yield of 0.86%. Columbus McKinnon’s payout ratio is currently 17.28%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. assumed coverage on shares of Columbus McKinnon in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $53.00 price target on the 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.