Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $32.00, for a total value of $32,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alan S. Korman also recently made the following trade(s):

  • On Friday, August 4th, Alan S. Korman sold 4,253 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $32.17, for a total value of $136,819.01.
  • On Friday, June 9th, Alan S. Korman sold 1,000 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $28.71, for a total value of $28,710.00.
  • On Tuesday, June 6th, Alan S. Korman sold 500 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $27.72, for a total value of $13,860.00.
  • On Friday, June 2nd, Alan S. Korman sold 3,000 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $27.13, for a total value of $81,390.00.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) opened at 32.40 on Thursday. The company has a market cap of $733.05 million, a PE ratio of 49.09 and a beta of 1.92. Columbus McKinnon Corporation has a 12 month low of $16.86 and a 12 month high of $33.12. The firm’s 50-day moving average price is $28.69 and its 200 day moving average price is $26.56.

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

The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Wednesday, August 9th. Columbus McKinnon Corporation’s payout ratio is 25.00%.

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Several research analysts recently issued reports on CMCO shares. Roth Capital started coverage on Columbus McKinnon Corporation in a research note on Friday, July 28th. They issued a “buy” rating and a $33.00 price objective on the stock. BidaskClub cut Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. ValuEngine cut Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $34.50.

A number of large investors have recently added to or reduced their stakes in CMCO. Royal Bank of Canada raised its stake in Columbus McKinnon Corporation by 4.7% in the second quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock worth $66,309,000 after buying an additional 118,139 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Columbus McKinnon Corporation by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock worth $34,906,000 after buying an additional 108,359 shares during the last quarter. Macquarie Group Ltd. raised its stake in Columbus McKinnon Corporation by 0.6% in the second quarter. Macquarie Group Ltd. now owns 850,186 shares of the industrial products company’s stock worth $21,612,000 after buying an additional 4,726 shares during the last quarter. Vanguard Group Inc. raised its stake in Columbus McKinnon Corporation by 5.3% in the second quarter. Vanguard Group Inc. now owns 820,712 shares of the industrial products company’s stock worth $20,863,000 after buying an additional 41,410 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Columbus McKinnon Corporation by 8.7% in the second quarter. Northern Trust Corp now owns 495,033 shares of the industrial products company’s stock worth $12,585,000 after buying an additional 39,578 shares during the last quarter. 86.37% of the stock is owned by institutional investors and hedge funds.

About Columbus McKinnon Corporation

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