Segall Bryant & Hamill LLC Increases Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Segall Bryant & Hamill LLC boosted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 95.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 730,125 shares of the industrial products company’s stock after acquiring an additional 356,232 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Columbus McKinnon were worth $27,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Isthmus Partners LLC lifted its stake in shares of Columbus McKinnon by 0.5% during the 4th quarter. Isthmus Partners LLC now owns 69,246 shares of the industrial products company’s stock worth $2,579,000 after purchasing an additional 378 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Columbus McKinnon by 2.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 22,309 shares of the industrial products company’s stock worth $831,000 after purchasing an additional 561 shares in the last quarter. Cascade Investment Advisors Inc. lifted its position in shares of Columbus McKinnon by 1.8% during the fourth quarter. Cascade Investment Advisors Inc. now owns 33,110 shares of the industrial products company’s stock valued at $1,233,000 after buying an additional 590 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Columbus McKinnon by 12.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,129 shares of the industrial products company’s stock valued at $265,000 after buying an additional 806 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Columbus McKinnon by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 235,125 shares of the industrial products company’s stock worth $8,756,000 after buying an additional 1,001 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CMCO. DA Davidson reissued a “neutral” rating and set a $35.00 target price 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.

Insider Activity

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

Columbus McKinnon Trading Up 1.7 %

NASDAQ:CMCO opened at $18.78 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $25.53 and a 200-day simple moving average of $32.03. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84. 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 announced its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. On average, equities research analysts anticipate that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.49%. Columbus McKinnon’s dividend payout ratio (DPR) is currently 84.85%.

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.