Segall Bryant & Hamill LLC Boosts Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Segall Bryant & Hamill LLC grew its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 95.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 730,125 shares of the industrial products company’s stock after acquiring an additional 356,232 shares during the period. Segall Bryant & Hamill LLC owned 2.54% of Columbus McKinnon worth $27,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMCO. Vanguard Group Inc. lifted its position in Columbus McKinnon by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,612,096 shares of the industrial products company’s stock valued at $60,034,000 after purchasing an additional 19,550 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Columbus McKinnon by 8.1% in the third quarter. Lord Abbett & CO. LLC now owns 1,003,751 shares of the industrial products company’s stock worth $36,135,000 after buying an additional 74,831 shares during the period. Systematic Financial Management LP lifted its position in shares of Columbus McKinnon by 12.0% during the 3rd quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock valued at $28,162,000 after buying an additional 83,610 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock valued at $27,455,000 after acquiring an additional 398,826 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Columbus McKinnon in the 4th quarter worth approximately $26,416,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Activity at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens bought 5,000 shares of Columbus McKinnon stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the completion of the purchase, the director now directly owns 11,014 shares in the company, valued at approximately $223,253.78. This trade represents a 83.14 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Chad R. Abraham bought 20,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $16.05 per share, with a total value of $321,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $321,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 27,819 shares of company stock worth $473,064. Insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson restated a “neutral” rating and set a $35.00 price objective on shares of Columbus McKinnon in a research report on Tuesday, February 18th. StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Columbus McKinnon Stock Up 1.7 %

NASDAQ CMCO opened at $18.78 on Tuesday. Columbus McKinnon Co. has a one year low of $15.48 and a one year high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 2.03. The stock has a 50 day moving average price of $25.53 and a 200-day moving average price of $32.03. The company has a market capitalization of $537.35 million, a P/E ratio of 56.91 and a beta of 1.31.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. As a group, equities analysts predict that Columbus McKinnon Co. will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Friday, May 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.49%. Columbus McKinnon’s dividend payout ratio is presently 84.85%.

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.