Columbus McKinnon Co. (NASDAQ:CMCO) Stock Holdings Increased by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 72.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 406,968 shares of the industrial products company’s stock after purchasing an additional 170,595 shares during the quarter. Fisher Asset Management LLC owned 1.42% of Columbus McKinnon worth $15,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CMCO. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Columbus McKinnon in the fourth quarter worth approximately $26,416,000. Victory Capital Management Inc. lifted its position in shares of Columbus McKinnon by 1,006.0% in the third quarter. Victory Capital Management Inc. now owns 338,424 shares of the industrial products company’s stock worth $12,183,000 after purchasing an additional 307,824 shares in the last quarter. Bernzott Capital Advisors bought a new position in Columbus McKinnon during the fourth quarter valued at approximately $3,766,000. Systematic Financial Management LP raised its position in Columbus McKinnon by 12.0% during the third quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock valued at $28,162,000 after acquiring an additional 83,610 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its position in Columbus McKinnon by 8.1% during the third quarter. Lord Abbett & CO. LLC now owns 1,003,751 shares of the industrial products company’s stock valued at $36,135,000 after acquiring an additional 74,831 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Columbus McKinnon

In related news, Director Christopher J. Stephens acquired 5,000 shares of the stock in a transaction dated 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 owns 11,014 shares in the company, valued at approximately $223,253.78. The trade was a 83.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.98% of the stock is currently owned by corporate insiders.

Columbus McKinnon Trading Down 6.9 %

Shares of CMCO stock opened at $16.23 on Tuesday. Columbus McKinnon Co. has a 12 month low of $15.96 and a 12 month high of $45.84. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $31.15 and its two-hundred day moving average is $33.65. The company has a market cap of $464.39 million, a PE ratio of 49.18 and a beta of 1.22.

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

Columbus McKinnon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.73%. Columbus McKinnon’s payout ratio is 84.85%.

Analyst Ratings Changes

CMCO has been the topic of several recent research reports. DA Davidson reaffirmed 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 report on Tuesday, February 11th.

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.