Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,104 shares of the industrial products company’s stock after selling 8,617 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Columbus McKinnon were worth $7,960,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC purchased a new stake in Columbus McKinnon in the 3rd quarter valued at $25,000. Quarry LP purchased a new stake in Columbus McKinnon in the 2nd quarter valued at $39,000. Innealta Capital LLC purchased a new stake in Columbus McKinnon in the 2nd quarter valued at $41,000. CWM LLC grew its holdings in Columbus McKinnon by 679.8% in the 2nd quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after buying an additional 1,584 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Columbus McKinnon in the 2nd quarter valued at $73,000. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Columbus McKinnon

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

Columbus McKinnon Stock Performance

NASDAQ CMCO opened at $39.10 on Thursday. The stock has a market cap of $1.12 billion, a PE ratio of 73.77 and a beta of 1.19. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84. The stock has a fifty day simple moving average of $34.82 and a 200-day simple moving average of $35.55.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is presently 52.83%.

Analyst Ratings Changes

Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.