Oak Family Advisors LLC Has $225,000 Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Oak Family Advisors LLC lowered its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 78.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,042 shares of the industrial products company’s stock after selling 22,022 shares during the quarter. Oak Family Advisors LLC’s holdings in Columbus McKinnon were worth $225,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Mascoma Wealth Management LLC acquired a new stake in Columbus McKinnon during the 3rd quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Columbus McKinnon during the second quarter worth $39,000. Palouse Capital Management Inc. acquired a new stake in shares of Columbus McKinnon during the third quarter worth $144,000. Millburn Ridgefield Corp bought a new stake in Columbus McKinnon in the 3rd quarter valued at $155,000. Finally, Park Avenue Securities LLC acquired a new position in Columbus McKinnon in the 4th quarter worth $239,000. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Saturday.

Insiders Place Their Bets

In related news, Director Christopher J. Stephens purchased 1,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares in the company, valued at $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

Shares of CMCO opened at $36.42 on Monday. The company has a 50 day moving average of $37.53 and a 200-day moving average of $35.42. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.04 billion, a P/E ratio of 68.72 and a beta of 1.22. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 yield of 0.77%. Columbus McKinnon’s payout ratio is currently 52.83%.

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.