Columbus McKinnon Corporation (NASDAQ:CMCO) Director Timothy T. Tevens sold 45,172 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $32.76, for a total value of $1,479,834.72. Following the completion of the sale, the director now owns 293,536 shares of the company’s stock, valued at approximately $9,616,239.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Columbus McKinnon Corporation (NASDAQ:CMCO) traded down 0.91% during midday trading on Thursday, reaching $31.57. The company’s stock had a trading volume of 40,958 shares. Columbus McKinnon Corporation has a 12-month low of $16.28 and a 12-month high of $33.12. The company’s 50-day moving average is $26.77 and its 200 day moving average is $26.22. The firm has a market cap of $714.27 million, a price-to-earnings ratio of 47.83 and a beta of 1.92.

Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $190.62 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Columbus McKinnon Corporation’s revenue was up 36.7% compared to the same quarter last year. Equities analysts forecast that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.16 dividend on an annualized basis and a yield of 0.50%. Columbus McKinnon Corporation’s dividend payout ratio is currently 25.00%.

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

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Columbus McKinnon Corporation by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,094 shares of the industrial products company’s stock worth $151,000 after buying an additional 91 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Columbus McKinnon Corporation during the fourth quarter worth $212,000. Trexquant Investment LP raised its stake in Columbus McKinnon Corporation by 42.9% in the first quarter. Trexquant Investment LP now owns 11,164 shares of the industrial products company’s stock worth $277,000 after buying an additional 3,352 shares in the last quarter. American International Group Inc. raised its stake in Columbus McKinnon Corporation by 7.1% in the first quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock worth $297,000 after buying an additional 795 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in Columbus McKinnon Corporation by 26.8% in the first quarter. Alambic Investment Management L.P. now owns 12,425 shares of the industrial products company’s stock worth $308,000 after buying an additional 2,625 shares in the last quarter. Institutional investors own 84.28% of the company’s stock.

Columbus McKinnon Corporation Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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