Insider Buying: Columbus McKinnon Co. (NASDAQ:CMCO) Director Buys $37,340.00 in Stock

Columbus McKinnon Co. (NASDAQ:CMCO) Director Christopher J. Stephens bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the transaction, the director now owns 6,014 shares in the company, valued at $224,562.76. The trade was a 19.94 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO opened at $37.14 on Monday. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 70.08 and a beta of 1.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The business has a 50-day moving average of $33.84 and a 200-day moving average of $35.84.

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Institutional Investors Weigh In On Columbus McKinnon

Several large investors have recently made changes to their positions in the stock. Boston Partners bought a new stake in Columbus McKinnon during the first quarter worth $847,000. Hillsdale Investment Management Inc. acquired a new position in shares of Columbus McKinnon during the 1st quarter worth about $3,791,000. Vanguard Group Inc. raised its holdings in shares of Columbus McKinnon by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company’s stock valued at $69,505,000 after purchasing an additional 16,174 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Columbus McKinnon in the 2nd quarter valued at about $35,540,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Columbus McKinnon by 31.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,444 shares of the industrial products company’s stock worth $2,104,000 after purchasing an additional 14,018 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.