Harbor Capital Advisors Inc. Purchases 1,001 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Harbor Capital Advisors Inc. boosted its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,125 shares of the industrial products company’s stock after buying an additional 1,001 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.82% of Columbus McKinnon worth $8,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCO. Mascoma Wealth Management LLC bought a new position in shares of Columbus McKinnon in the third quarter worth about $25,000. Quarry LP acquired a new stake in Columbus McKinnon in the 2nd quarter valued at approximately $39,000. Point72 DIFC Ltd bought a new position in Columbus McKinnon in the 2nd quarter worth approximately $106,000. Palouse Capital Management Inc. acquired a new position in shares of Columbus McKinnon during the third quarter worth approximately $144,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Columbus McKinnon in the third quarter valued at approximately $155,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Wednesday.

Columbus McKinnon Stock Performance

CMCO traded down $1.22 on Friday, hitting $34.02. 38,436 shares of the stock traded hands, compared to its average volume of 151,799. The business has a fifty day moving average price of $37.44 and a two-hundred day moving average price of $35.18. 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 52 week low of $29.26 and a 52 week high of $45.84. The firm has a market capitalization of $976.03 million, a PE ratio of 64.19 and a beta of 1.24.

Columbus McKinnon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

Insider Buying and Selling at Columbus McKinnon

In other news, CEO David J. Wilson bought 31,300 shares of Columbus McKinnon stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the purchase, the chief executive officer now owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher J. Stephens bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of $37.34 per share, with a total value of $37,340.00. Following the transaction, the director now directly owns 6,014 shares in the company, 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.

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.