Victory Capital Management Inc. cut its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 19.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,625 shares of the industrial products company’s stock after selling 10,830 shares during the quarter. Victory Capital Management Inc. owned 0.20% of Columbus McKinnon Corporation worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Laurion Capital Management LP purchased a new stake in Columbus McKinnon Corporation during the 2nd quarter valued at about $202,000. Voya Investment Management LLC boosted its holdings in Columbus McKinnon Corporation by 10.8% during the 2nd quarter. Voya Investment Management LLC now owns 12,389 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 1,208 shares during the period. Alliancebernstein L.P. boosted its holdings in Columbus McKinnon Corporation by 48.3% during the 2nd quarter. Alliancebernstein L.P. now owns 12,900 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 4,200 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Columbus McKinnon Corporation during the 2nd quarter valued at about $375,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Columbus McKinnon Corporation by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,336 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 414 shares during the period. Institutional investors own 86.68% of the company’s stock.

A number of research firms have commented on CMCO. TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. ValuEngine raised Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Roth Capital began coverage on Columbus McKinnon Corporation in a research report on Friday, July 28th. They set a “buy” rating and a $33.00 price target for the company. Zacks Investment Research raised Columbus McKinnon Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, November 2nd. Finally, BidaskClub lowered Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $37.00.

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Columbus McKinnon Corporation (NASDAQ CMCO) opened at $39.44 on Tuesday. The company has a market capitalization of $902.92, a P/E ratio of 22.98 and a beta of 1.92. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 0.89. Columbus McKinnon Corporation has a 52-week low of $22.88 and a 52-week high of $41.49.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $212.80 million during the quarter, compared to analyst estimates of $203.27 million. Columbus McKinnon Corporation had a return on equity of 10.95% and a net margin of 2.65%. Columbus McKinnon Corporation’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. equities research analysts forecast that Columbus McKinnon Corporation will post 1.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, November 9th. Columbus McKinnon Corporation’s dividend payout ratio is currently 18.82%.

In other news, VP Alan S. Korman sold 2,500 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.93, for a total value of $82,325.00. Following the completion of the transaction, the vice president now owns 13,121 shares of the company’s stock, valued at approximately $432,074.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy T. Tevens sold 43,845 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $31.84, for a total value of $1,396,024.80. Following the completion of the transaction, the director now directly owns 293,536 shares of the company’s stock, valued at approximately $9,346,186.24. The disclosure for this sale can be found here. Insiders sold a total of 77,874 shares of company stock valued at $2,670,452 in the last three months. Corporate 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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