Parametric Portfolio Associates LLC decreased its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 51.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,779 shares of the industrial products company’s stock after selling 10,174 shares during the period. Parametric Portfolio Associates LLC’s holdings in Columbus McKinnon Corporation were worth $243,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Eagle Boston Investment Management Inc. raised its stake in shares of Columbus McKinnon Corporation by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 406,615 shares of the industrial products company’s stock valued at $10,092,000 after buying an additional 21,770 shares during the period. State Street Corp raised its stake in shares of Columbus McKinnon Corporation by 6.1% in the fourth quarter. State Street Corp now owns 334,187 shares of the industrial products company’s stock valued at $9,040,000 after buying an additional 19,266 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Columbus McKinnon Corporation by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 221,644 shares of the industrial products company’s stock valued at $5,501,000 after buying an additional 23,379 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Columbus McKinnon Corporation during the first quarter valued at $3,641,000. Finally, Norges Bank acquired a new stake in shares of Columbus McKinnon Corporation during the fourth quarter valued at $2,823,000. 84.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Columbus McKinnon Corporation (CMCO) opened at 32.06 on Monday. The firm has a market cap of $725.36 million, a price-to-earnings ratio of 48.58 and a beta of 1.92. Columbus McKinnon Corporation has a 12 month low of $16.28 and a 12 month high of $32.50. The stock’s 50 day moving average price is $25.99 and its 200 day moving average price is $25.96.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.23. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The business had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $190.62 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 36.7% compared to the same quarter last year. Equities research analysts predict that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is 25.00%.

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CMCO has been the topic of several research analyst reports. Zacks Investment Research lowered Columbus McKinnon Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. Roth Capital initiated coverage on Columbus McKinnon Corporation in a research report on Friday, July 28th. They set a “buy” rating and a $33.00 target price on the stock. BidaskClub lowered Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 13th. ValuEngine lowered Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.50.

In other Columbus McKinnon Corporation news, VP Alan S. Korman sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.13, for a total transaction of $81,390.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Gene P. Buer sold 10,669 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.66, for a total value of $337,780.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,169 shares of company stock worth $461,741. Insiders own 3.91% of the company’s stock.

Columbus McKinnon Corporation Company Profile

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Institutional Ownership by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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