Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 261 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $40.11, for a total transaction of $10,468.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Columbus McKinnon Corporation (NASDAQ CMCO) traded up $0.14 during mid-day trading on Monday, hitting $39.73. 77,810 shares of the company were exchanged, compared to its average volume of 125,555. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.18 and a current ratio of 1.96. Columbus McKinnon Corporation has a 1-year low of $22.88 and a 1-year high of $41.49. The firm has a market cap of $924.77, a PE ratio of 23.57 and a beta of 1.90.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The business had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. During the same quarter last year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. analysts expect that Columbus McKinnon Corporation will post 1.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were issued a $0.04 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.40%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 18.82%.

CMCO has been the topic of a number of recent research reports. Roth Capital raised their price target on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $37.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its holdings in shares of Columbus McKinnon by 2.8% in the 3rd quarter. Susquehanna International Group LLP now owns 47,111 shares of the industrial products company’s stock worth $1,784,000 after acquiring an additional 1,280 shares during the period. Algert Global LLC acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth about $1,054,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth about $202,000. Allianz Asset Management GmbH acquired a new stake in shares of Columbus McKinnon in the 3rd quarter worth about $723,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Columbus McKinnon by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,445,148 shares of the industrial products company’s stock worth $54,728,000 after acquiring an additional 71,980 shares during the period. 85.17% of the stock is currently owned by institutional investors and hedge funds.

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Columbus McKinnon Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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