Columbus McKinnon Co. (NASDAQ:CMCO) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,890,999 shares of the industrial products company’s stock after purchasing an additional 7,465 shares during the quarter. Dimensional Fund Advisors LP owned about 6.55% of Columbus McKinnon worth $65,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Columbus McKinnon by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 161,936 shares of the industrial products company’s stock worth $5,593,000 after buying an additional 3,241 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Columbus McKinnon by 18.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 22,051 shares of the industrial products company’s stock valued at $762,000 after purchasing an additional 3,426 shares during the last quarter. Quest Partners LLC grew its stake in shares of Columbus McKinnon by 15.3% during the 2nd quarter. Quest Partners LLC now owns 18,631 shares of the industrial products company’s stock valued at $644,000 after buying an additional 2,467 shares during the period. Foundry Partners LLC increased its holdings in shares of Columbus McKinnon by 14.4% during the 2nd quarter. Foundry Partners LLC now owns 139,179 shares of the industrial products company’s stock worth $4,807,000 after buying an additional 17,554 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Columbus McKinnon by 2.0% in the second quarter. Rhumbline Advisers now owns 47,162 shares of the industrial products company’s stock valued at $1,629,000 after acquiring an additional 911 shares during the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Stock Performance

Columbus McKinnon stock opened at $35.57 on Friday. The company has a market cap of $1.03 billion, a PE ratio of 21.96 and a beta of 1.18. The company has a fifty day moving average price of $33.72 and a two-hundred day moving average price of $37.75. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 1.20. Columbus McKinnon Co. has a 12 month low of $29.26 and a 12 month high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating 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 company had revenue of $239.73 million during the quarter, compared to the consensus estimate of $241.25 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts expect that Columbus McKinnon Co. will post 3.02 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 9th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, August 9th. Columbus McKinnon’s payout ratio is currently 17.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Columbus McKinnon in a research report on Tuesday, June 4th. They set an “overweight” rating and a $53.00 price target 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.

Columbus McKinnon 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.