Columbus McKinnon Co. (NASDAQ:CMCO) Holdings Lifted by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. grew its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,110 shares of the industrial products company’s stock after buying an additional 590 shares during the period. Cascade Investment Advisors Inc. owned 0.12% of Columbus McKinnon worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCO. Bernzott Capital Advisors bought a new stake in Columbus McKinnon during the 4th quarter valued at $3,766,000. Park Avenue Securities LLC bought a new stake in shares of Columbus McKinnon during the fourth quarter valued at about $239,000. Moody National Bank Trust Division lifted its holdings in Columbus McKinnon by 21.6% in the fourth quarter. Moody National Bank Trust Division now owns 17,138 shares of the industrial products company’s stock worth $638,000 after purchasing an additional 3,049 shares during the period. Harbor Capital Advisors Inc. grew its position in Columbus McKinnon by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 235,125 shares of the industrial products company’s stock valued at $8,756,000 after buying an additional 1,001 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in Columbus McKinnon by 18.9% during the 4th quarter. First Hawaiian Bank now owns 16,267 shares of the industrial products company’s stock valued at $606,000 after buying an additional 2,583 shares during the period. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday.

Columbus McKinnon Trading Down 1.4 %

Shares of CMCO stock opened at $36.88 on Tuesday. The stock has a 50-day simple moving average of $37.56 and a 200 day simple moving average of $35.41. The stock has a market capitalization of $1.06 billion, a P/E ratio of 69.58 and a beta of 1.24. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 7th will be paid a $0.07 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 0.76%. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

Insider Buying and Selling

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