Dynamic Technology Lab Private Ltd purchased a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,663 shares of the industrial products company’s stock, valued at approximately $416,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Columbus McKinnon during the third quarter worth about $61,000. SG Americas Securities LLC acquired a new position in shares of Columbus McKinnon in the 4th quarter valued at approximately $215,000. Carmel Capital Partners LLC boosted its stake in shares of Columbus McKinnon by 692.6% during the 4th quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock valued at $238,000 after buying an additional 5,326 shares during the last quarter. Bailard Inc. acquired a new stake in shares of Columbus McKinnon during the fourth quarter worth approximately $258,000. Finally, Acadian Asset Management LLC increased its stake in shares of Columbus McKinnon by 332.7% in the third quarter. Acadian Asset Management LLC now owns 8,913 shares of the industrial products company’s stock worth $310,000 after buying an additional 6,853 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on CMCO. DA Davidson boosted their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. StockNews.com upgraded Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th.
Read Our Latest Stock Report on Columbus McKinnon
Columbus McKinnon Stock Up 0.9 %
CMCO stock opened at $44.90 on Friday. The firm has a fifty day moving average price of $42.87 and a two-hundred day moving average price of $40.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.92 and a quick ratio of 1.16. Columbus McKinnon Co. has a 1-year low of $30.29 and a 1-year high of $45.84. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 26.57 and a beta of 1.27.
Columbus McKinnon Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were issued a $0.07 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.62%. Columbus McKinnon’s dividend payout ratio is currently 16.57%.
About Columbus McKinnon
(Free Report)
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.
See Also
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