Harbor Capital Advisors Inc. Has $8.76 Million Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Harbor Capital Advisors Inc. lifted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 235,125 shares of the industrial products company’s stock after purchasing an additional 1,001 shares during the period. Harbor Capital Advisors Inc.’s holdings in Columbus McKinnon were worth $8,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. First Hawaiian Bank increased its position in Columbus McKinnon by 18.9% in the 4th quarter. First Hawaiian Bank now owns 16,267 shares of the industrial products company’s stock valued at $606,000 after acquiring an additional 2,583 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Columbus McKinnon by 18.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 10,499 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 1,632 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings 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 valued at $36,135,000 after purchasing an additional 74,831 shares in the last quarter. Meros Investment Management LP raised its position in Columbus McKinnon by 30.1% in the 3rd quarter. Meros Investment Management LP now owns 276,506 shares of the industrial products company’s stock worth $9,954,000 after purchasing an additional 63,914 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Columbus McKinnon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 687,852 shares of the industrial products company’s stock worth $24,767,000 after buying an additional 10,581 shares in the last quarter. 95.96% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Christopher J. Stephens purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO David J. Wilson acquired 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $32.02 per share, with a total value of $1,002,226.00. Following 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 position. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by company insiders.

Columbus McKinnon Trading Down 3.5 %

Shares of NASDAQ:CMCO traded down $1.22 during trading on Friday, hitting $34.02. 38,436 shares of the company’s stock were exchanged, compared to its average volume of 151,799. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The firm has a market cap of $976.03 million, a P/E ratio of 64.19 and a beta of 1.24. The firm has a 50-day moving average price of $37.44 and a two-hundred day moving average price of $35.18. Columbus McKinnon Co. has a 1-year low of $29.26 and a 1-year high of $45.84.

Columbus McKinnon Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.