709,335 Shares in Columbus McKinnon Co. (NASDAQ:CMCO) Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. bought a new stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 709,335 shares of the industrial products company’s stock, valued at approximately $26,416,000. Vaughan Nelson Investment Management L.P. owned approximately 2.47% of Columbus McKinnon at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new position in shares of Columbus McKinnon during the third quarter valued at approximately $25,000. Palouse Capital Management Inc. acquired a new position in shares of Columbus McKinnon during the 3rd quarter valued at $144,000. Millburn Ridgefield Corp bought a new stake in shares of Columbus McKinnon in the 3rd quarter worth $155,000. Park Avenue Securities LLC acquired a new stake in shares of Columbus McKinnon in the fourth quarter valued at $239,000. Finally, SG Americas Securities LLC bought a new position in Columbus McKinnon during the third quarter valued at about $244,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Columbus McKinnon Trading Down 1.4 %

Columbus McKinnon stock opened at $34.25 on Monday. The firm has a market cap of $982.63 million, a price-to-earnings ratio of 64.62 and a beta of 1.22. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84. The firm’s 50 day moving average price is $37.08 and its two-hundred day moving average price is $35.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, February 7th. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Insider Activity

In other news, Director Christopher J. Stephens purchased 1,000 shares of Columbus McKinnon stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the transaction, the director now owns 6,014 shares in the company, valued at $224,562.76. The trade was a 19.94 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, February 1st.

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.