Barings LLC continued to hold its position in Columbus McKinnon Corporation (NASDAQ:CMCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,100 shares of the industrial products company’s stock at the close of the 2nd quarter. Barings LLC owned 0.16% of Columbus McKinnon Corporation worth $871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Punch & Associates Investment Management Inc. boosted its position in Columbus McKinnon Corporation by 118.9% during the second quarter. Punch & Associates Investment Management Inc. now owns 67,000 shares of the industrial products company’s stock valued at $1,703,000 after purchasing an additional 36,391 shares during the last quarter. Royal Bank of Canada boosted its position in Columbus McKinnon Corporation by 4.7% during the second quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock valued at $66,309,000 after purchasing an additional 118,139 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Columbus McKinnon Corporation during the second quarter valued at $375,000. Voya Investment Management LLC boosted its position in Columbus McKinnon Corporation by 10.8% during the second quarter. Voya Investment Management LLC now owns 12,389 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Columbus McKinnon Corporation by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock valued at $34,906,000 after purchasing an additional 108,359 shares during the last quarter. 86.37% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.23. The firm 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 company’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS.

A number of analysts recently issued reports on CMCO shares. TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. 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. ValuEngine raised Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub raised Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.50.

In related news, VP Kurt F. Wozniak sold 13,205 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Alan S. Korman sold 4,253 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $32.17, for a total transaction of $136,819.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 167,932 shares of company stock valued at $5,416,512. Company insiders own 3.91% of the company’s stock.

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Columbus McKinnon Corporation Company Profile

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

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