Columbus McKinnon Co. Declares Quarterly Dividend of $0.07 (NASDAQ:CMCO)

Columbus McKinnon Co. (NASDAQ:CMCO) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.07 per share by the industrial products company on Friday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.74%.

Columbus McKinnon has raised its dividend by an average of 5.3% annually over the last three years.

Columbus McKinnon Stock Performance

Shares of NASDAQ CMCO opened at $37.61 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.08 billion, a P/E ratio of 70.96 and a beta of 1.24. Columbus McKinnon has a 12 month low of $29.26 and a 12 month high of $45.84. The stock has a 50 day moving average of $37.56 and a 200-day moving average of $35.29.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th.

Insider Buying and Selling at Columbus McKinnon

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