Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 77.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,994 shares of the industrial products company’s stock after selling 31,681 shares during the period. Hantz Financial Services Inc.’s holdings in Columbus McKinnon were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Columbus McKinnon by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,890,999 shares of the industrial products company’s stock worth $65,315,000 after buying an additional 7,465 shares during the last quarter. Vanguard Group Inc. grew its position in Columbus McKinnon by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company’s stock valued at $69,505,000 after acquiring an additional 16,174 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Columbus McKinnon during the 2nd quarter worth approximately $35,540,000. Allspring Global Investments Holdings LLC increased its position in shares of Columbus McKinnon by 0.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 964,234 shares of the industrial products company’s stock worth $33,305,000 after acquiring an additional 3,200 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Columbus McKinnon by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock valued at $14,067,000 after purchasing an additional 18,802 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Stock Up 0.5 %

Shares of Columbus McKinnon stock opened at $39.29 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $35.23 and a 200 day moving average of $35.50. The company has a market capitalization of $1.13 billion, a P/E ratio of 74.13 and a beta of 1.19. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Insider Activity

In related news, Director Christopher J. Stephens purchased 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, for a total transaction of $37,340.00. Following the transaction, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. The trade was a 19.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David J. Wilson purchased 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 1.98% of the company’s stock.

Columbus McKinnon 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.