Eagle Boston Investment Management Inc. raised its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 417,316 shares of the industrial products company’s stock after buying an additional 10,701 shares during the period. Columbus McKinnon Corporation comprises approximately 1.2% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 29th largest position. Eagle Boston Investment Management Inc. owned 1.84% of Columbus McKinnon Corporation worth $10,608,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in Columbus McKinnon Corporation during the first quarter valued at $6,443,000. Dimensional Fund Advisors LP boosted its position in Columbus McKinnon Corporation by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,264,809 shares of the industrial products company’s stock valued at $31,393,000 after buying an additional 152,165 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in Columbus McKinnon Corporation during the first quarter valued at $2,728,000. Systematic Financial Management LP boosted its position in Columbus McKinnon Corporation by 147.6% in the first quarter. Systematic Financial Management LP now owns 182,120 shares of the industrial products company’s stock valued at $4,520,000 after buying an additional 108,570 shares in the last quarter. Finally, Seizert Capital Partners LLC acquired a new position in Columbus McKinnon Corporation during the first quarter valued at $2,107,000. 86.37% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Corporation (NASDAQ CMCO) traded up 0.31% during trading on Thursday, reaching $32.50. The company’s stock had a trading volume of 10,760 shares. The firm’s 50-day moving average is $28.69 and its 200-day moving average is $26.56. Columbus McKinnon Corporation has a 52-week low of $16.86 and a 52-week high of $33.12. The stock has a market cap of $735.31 million, a P/E ratio of 49.24 and a beta of 1.92.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its 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. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. The firm had revenue of $203.70 million during the quarter, compared to the consensus estimate of $190.62 million. During the same period in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 36.7% compared to the same quarter last year. Equities research analysts forecast that Columbus McKinnon Corporation will post $1.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is presently 25.00%.

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Several equities analysts recently weighed in on CMCO shares. BidaskClub raised Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. TheStreet cut Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Roth Capital started coverage on Columbus McKinnon Corporation in a research report on Friday, July 28th. They set a “buy” rating and a $33.00 price objective for the company. Zacks Investment Research raised Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, ValuEngine cut Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One research 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. Columbus McKinnon Corporation presently has a consensus rating of “Buy” and an average target price of $34.50.

In related news, VP Kurt F. Wozniak sold 13,205 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $31.64, for a total value of $417,806.20. Following the completion of the transaction, the vice president now directly owns 25,426 shares of the company’s stock, valued at approximately $804,478.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Alan S. Korman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $28.71, for a total transaction of $28,710.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,932 shares of company stock valued at $5,458,147. 3.91% of the stock is owned by insiders.

Columbus McKinnon Corporation Company Profile

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

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