SG Americas Securities LLC bought a new position in Columbus McKinnon Co. (NASDAQ:CMCO – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,784 shares of the industrial products company’s stock, valued at approximately $244,000.
Several other large investors have also added to or reduced their stakes in CMCO. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Columbus McKinnon during the 2nd quarter valued at about $35,540,000. Millennium Management LLC raised its holdings in shares of Columbus McKinnon by 120.3% during the 2nd quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock valued at $6,899,000 after buying an additional 109,075 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Columbus McKinnon during the 1st quarter valued at about $3,791,000. Renaissance Technologies LLC raised its holdings in shares of Columbus McKinnon by 250.3% during the 2nd quarter. Renaissance Technologies LLC now owns 107,885 shares of the industrial products company’s stock valued at $3,726,000 after buying an additional 77,085 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Columbus McKinnon by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 92,622 shares of the industrial products company’s stock valued at $3,199,000 after buying an additional 67,817 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.
Columbus McKinnon Price Performance
Shares of Columbus McKinnon stock opened at $33.69 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 1.20. The business’s 50 day simple moving average is $33.27 and its two-hundred day simple moving average is $36.85. The stock has a market capitalization of $972.26 million, a P/E ratio of 20.80 and a beta of 1.17. Columbus McKinnon Co. has a one year low of $29.26 and a one year high of $45.84.
Columbus McKinnon (NASDAQ:CMCO – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $239.73 million for the quarter, compared to analyst estimates of $241.25 million. Columbus McKinnon had a return on equity of 9.50% and a net margin of 4.52%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. Analysts forecast that Columbus McKinnon Co. will post 3.02 EPS for the current year.
Columbus McKinnon Announces Dividend
The firm 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 $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.83%. Columbus McKinnon’s dividend payout ratio is currently 17.28%.
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.
Further Reading
- Five stocks we like better than Columbus McKinnon
- How Can Investors Benefit From After-Hours Trading
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- Why is the Ex-Dividend Date Significant to Investors?
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Want to see what other hedge funds are holding CMCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbus McKinnon Co. (NASDAQ:CMCO – Free Report).
Receive News & Ratings for Columbus McKinnon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon and related companies with MarketBeat.com's FREE daily email newsletter.