Columbus McKinnon Corp. (NASDAQ:CMCO) CFO Gregory P. Rustowicz sold 11,942 shares of Columbus McKinnon stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $38.92, for a total value of $464,782.64. Following the completion of the transaction, the chief financial officer now owns 63,100 shares in the company, valued at $2,455,852. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Columbus McKinnon stock opened at $38.70 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.55. Columbus McKinnon Corp. has a 1-year low of $27.66 and a 1-year high of $45.85. The company has a market capitalization of $907.09 million, a P/E ratio of 14.12 and a beta of 1.75.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Tuesday, May 28th. The industrial products company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. Columbus McKinnon had a return on equity of 15.41% and a net margin of 4.86%. The firm had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.59 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Columbus McKinnon Corp. will post 3 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Columbus McKinnon by 1.0% in the fourth quarter. BlackRock Inc. now owns 1,568,705 shares of the industrial products company’s stock valued at $47,281,000 after buying an additional 15,668 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Columbus McKinnon by 219.6% in the fourth quarter. Acadian Asset Management LLC now owns 1,889 shares of the industrial products company’s stock valued at $57,000 after buying an additional 1,298 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Columbus McKinnon by 78.9% in the fourth quarter. Millennium Management LLC now owns 123,494 shares of the industrial products company’s stock valued at $3,722,000 after buying an additional 54,447 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Columbus McKinnon by 4.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 373,737 shares of the industrial products company’s stock valued at $12,838,000 after buying an additional 14,531 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Columbus McKinnon by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,045 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

Several research analysts have weighed in on the company. BidaskClub upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Zacks Investment Research downgraded Columbus McKinnon from a “hold” rating to a “sell” rating in a research note on Friday, May 31st. Finally, ValuEngine upgraded Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.50.

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Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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