State Street Corp Has $23.31 Million Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

State Street Corp boosted its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 647,470 shares of the industrial products company’s stock after buying an additional 741 shares during the period. State Street Corp owned approximately 2.26% of Columbus McKinnon worth $23,309,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC boosted its holdings in shares of Columbus McKinnon by 3.1% during the second quarter. GoalVest Advisory LLC now owns 19,740 shares of the industrial products company’s stock worth $682,000 after acquiring an additional 600 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Columbus McKinnon by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 646 shares during the period. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon in the 3rd quarter valued at $25,000. Rhumbline Advisers increased its position 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. Finally, Providence Capital Advisors LLC lifted its holdings in shares of Columbus McKinnon by 0.8% during the second quarter. Providence Capital Advisors LLC now owns 112,595 shares of the industrial products company’s stock worth $3,889,000 after buying an additional 941 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Insider Transactions at Columbus McKinnon

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

Columbus McKinnon Trading Down 0.2 %

Shares of Columbus McKinnon stock opened at $36.56 on Monday. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The stock has a market cap of $1.05 billion, a PE ratio of 68.98 and a beta of 1.23. The firm has a 50-day moving average of $36.50 and a 200-day moving average of $35.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon Announces Dividend

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. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. Columbus McKinnon’s payout ratio is presently 52.83%.

About Columbus McKinnon

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.