Nisa Investment Advisors LLC continued to hold its position in Columbus McKinnon Corporation (NASDAQ:CMCO) during the second quarter, Holdings Channel reports. The fund owned 17,600 shares of the industrial products company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Columbus McKinnon Corporation were worth $447,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position 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 valued at $151,000 after buying an additional 91 shares in the last quarter. Isthmus Partners LLC raised its position in Columbus McKinnon Corporation by 0.7% in the first quarter. Isthmus Partners LLC now owns 30,604 shares of the industrial products company’s stock valued at $760,000 after buying an additional 221 shares in the last quarter. US Bancorp DE raised its position in Columbus McKinnon Corporation by 1.6% in the first quarter. US Bancorp DE now owns 28,659 shares of the industrial products company’s stock valued at $711,000 after buying an additional 450 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Columbus McKinnon Corporation by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 45,122 shares of the industrial products company’s stock valued at $1,120,000 after buying an additional 538 shares in the last quarter. Finally, American International Group Inc. raised its position 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 valued at $297,000 after buying an additional 795 shares in the last quarter. 84.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Columbus McKinnon Corporation (NASDAQ CMCO) traded down 0.16% during trading on Friday, reaching $31.54. The company’s stock had a trading volume of 31,759 shares. Columbus McKinnon Corporation has a 12-month low of $16.28 and a 12-month high of $33.12. The firm’s 50-day moving average is $26.92 and its 200-day moving average is $26.25. The stock has a market capitalization of $713.59 million, a PE ratio of 47.79 and a beta of 1.92.

Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23. The business had revenue of $203.70 million during the quarter, compared to the consensus estimate of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The company’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Equities analysts expect that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio is presently 25.00%.

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A number of equities analysts have weighed in on CMCO shares. 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 started coverage on Columbus McKinnon Corporation in a research report on Friday, July 28th. They issued a “buy” rating and a $33.00 target price for the company. BidaskClub lowered Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet lowered Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Finally, ValuEngine lowered Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One 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 company. Columbus McKinnon Corporation presently has a consensus rating of “Buy” and an average price target of $34.50.

In other Columbus McKinnon Corporation news, VP Alan S. Korman sold 1,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $28.71, for a total value of $28,710.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy T. Tevens sold 8,770 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $32.15, for a total value of $281,955.50. Following the completion of the sale, the chief executive officer now directly owns 293,536 shares of the company’s stock, valued at approximately $9,437,182.40. The disclosure for this sale can be found here. In the last three months, insiders sold 102,159 shares of company stock valued at $3,301,082. Corporate insiders own 3.91% of the company’s stock.

About Columbus McKinnon Corporation

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

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