Cascade Investment Advisors Inc. Purchases 435 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Cascade Investment Advisors Inc. boosted its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 1.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,060 shares of the industrial products company’s stock after purchasing an additional 435 shares during the quarter. Cascade Investment Advisors Inc. owned approximately 0.10% of Columbus McKinnon worth $1,252,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TFO Wealth Partners LLC raised its holdings in Columbus McKinnon by 13,440.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 1,344 shares in the last quarter. Quantbot Technologies LP bought a new position in Columbus McKinnon in the third quarter worth about $61,000. Buck Wealth Strategies LLC bought a new position in Columbus McKinnon in the third quarter worth about $83,000. SG Americas Securities LLC bought a new position in Columbus McKinnon in the fourth quarter worth about $215,000. Finally, Carmel Capital Partners LLC raised its holdings in Columbus McKinnon by 692.6% in the fourth quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 5,326 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMCO has been the subject of a number of recent research reports. DA Davidson boosted their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 5th. StockNews.com upgraded Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th.

Columbus McKinnon Stock Down 1.0 %

Shares of CMCO stock traded down $0.43 during trading hours on Thursday, reaching $44.51. 122,910 shares of the company’s stock were exchanged, compared to its average volume of 133,568. Columbus McKinnon Co. has a 1 year low of $30.29 and a 1 year high of $45.84. The stock has a market cap of $1.28 billion, a PE ratio of 26.34 and a beta of 1.27. The company has a current ratio of 1.92, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $42.81 and its two-hundred day moving average price is $39.96.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.63%. Columbus McKinnon’s payout ratio is 16.57%.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.