Columbus McKinnon Co. (NASDAQ:CMCO) Shares Purchased by Foundry Partners LLC

Foundry Partners LLC grew its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 27.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,055 shares of the industrial products company’s stock after purchasing an additional 37,876 shares during the period. Foundry Partners LLC’s holdings in Columbus McKinnon were worth $6,374,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Columbus McKinnon during the 2nd quarter worth approximately $35,540,000. Victory Capital Management Inc. increased its position in shares of Columbus McKinnon by 1,006.0% during the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock worth $12,183,000 after acquiring an additional 307,824 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Columbus McKinnon by 152.8% in the third quarter. Harbor Capital Advisors Inc. now owns 234,124 shares of the industrial products company’s stock valued at $8,428,000 after acquiring an additional 141,502 shares in the last quarter. Millennium Management LLC boosted its holdings in Columbus McKinnon by 120.3% in the second quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock valued at $6,899,000 after purchasing an additional 109,075 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Columbus McKinnon by 81.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 173,245 shares of the industrial products company’s stock worth $6,237,000 after purchasing an additional 77,721 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Price Performance

Columbus McKinnon stock opened at $36.01 on Thursday. The stock has a market cap of $1.03 billion, a P/E ratio of 67.93 and a beta of 1.19. The company has a fifty day simple moving average of $34.20 and a 200-day simple moving average of $35.75. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Columbus McKinnon Co. has a 12-month low of $29.26 and a 12-month high of $45.84.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Insider Buying and Selling

In related news, CEO David J. Wilson purchased 31,300 shares of Columbus McKinnon stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher J. Stephens bought 1,000 shares of Columbus McKinnon stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the acquisition, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. The trade was a 19.94 % increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

About Columbus McKinnon

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.