Kathryn V. Bohl Buys 2,819 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Kathryn V. Bohl purchased 2,819 shares of Columbus McKinnon stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of $17.99 per share, with a total value of $50,713.81. Following the acquisition, the director now directly owns 14,812 shares of the company’s stock, valued at $266,467.88. The trade was a 23.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Columbus McKinnon Price Performance

Shares of CMCO opened at $18.46 on Friday. The firm has a market cap of $528.20 million, a price-to-earnings ratio of 55.94 and a beta of 1.31. The stock has a 50 day moving average of $25.85 and a 200-day moving average of $32.12. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 52 week low of $15.48 and a 52 week high of $45.84.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. As a group, analysts forecast that Columbus McKinnon Co. will post 2.69 EPS for the current year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, February 7th. Columbus McKinnon’s dividend payout ratio (DPR) is 84.85%.

Wall Street Analyst Weigh In

CMCO has been the subject of a number of analyst reports. DA Davidson reissued a “neutral” rating and issued a $35.00 price target on shares of Columbus McKinnon in a report on Tuesday, February 18th. StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

Institutional Trading of Columbus McKinnon

Several hedge funds have recently made changes to their positions in CMCO. Sterling Capital Management LLC raised its stake in Columbus McKinnon by 810.0% during the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 810 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Columbus McKinnon during the 3rd quarter valued at $155,000. Park Avenue Securities LLC bought a new stake in Columbus McKinnon during the 4th quarter valued at $239,000. Freestone Grove Partners LP bought a new stake in Columbus McKinnon during the 4th quarter valued at $242,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Columbus McKinnon during the 4th quarter valued at $250,000. Institutional investors own 95.96% of the company’s stock.

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.