Ellsworth Advisors LLC Boosts Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Ellsworth Advisors LLC grew its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,508 shares of the industrial products company’s stock after purchasing an additional 3,345 shares during the quarter. Ellsworth Advisors LLC owned approximately 0.37% of Columbus McKinnon worth $4,195,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CMCO. Advisor Group Holdings Inc. increased its holdings in shares of Columbus McKinnon by 51.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,525 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 855 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Columbus McKinnon by 31.0% in the 1st quarter. JPMorgan Chase & Co. now owns 144,389 shares of the industrial products company’s stock valued at $6,122,000 after acquiring an additional 34,149 shares during the period. Raymond James & Associates grew its stake in Columbus McKinnon by 36.9% in the 1st quarter. Raymond James & Associates now owns 58,377 shares of the industrial products company’s stock valued at $2,475,000 after acquiring an additional 15,730 shares during the period. Bank of New York Mellon Corp grew its stake in Columbus McKinnon by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 142,741 shares of the industrial products company’s stock valued at $6,051,000 after acquiring an additional 5,017 shares during the period. Finally, US Bancorp DE grew its stake in Columbus McKinnon by 27.6% in the 1st quarter. US Bancorp DE now owns 15,359 shares of the industrial products company’s stock valued at $651,000 after acquiring an additional 3,321 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CMCO shares. DA Davidson lifted their price target on shares of Columbus McKinnon from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, February 5th. StockNews.com cut shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, TheStreet raised shares of Columbus McKinnon from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, CFO Gregory P. Rustowicz sold 9,461 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $41.44, for a total value of $392,063.84. Following the transaction, the chief financial officer now owns 79,012 shares of the company’s stock, valued at $3,274,257.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Columbus McKinnon news, CFO Gregory P. Rustowicz sold 9,461 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $41.44, for a total value of $392,063.84. Following the transaction, the chief financial officer now owns 79,012 shares of the company’s stock, valued at $3,274,257.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Lara Mario Y. Ramos sold 9,071 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.50, for a total transaction of $349,233.50. Following the completion of the transaction, the senior vice president now directly owns 12,266 shares in the company, valued at approximately $472,241. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Columbus McKinnon Trading Up 1.0 %

Shares of NASDAQ CMCO traded up $0.42 during trading on Friday, hitting $44.63. 154,791 shares of the company were exchanged, compared to its average volume of 112,592. Columbus McKinnon Co. has a 12-month low of $30.29 and a 12-month high of $44.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.92. The company has a fifty day moving average price of $41.35 and a 200-day moving average price of $37.47. The firm has a market capitalization of $1.28 billion, a PE ratio of 26.41 and a beta of 1.28.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Columbus McKinnon had a return on equity of 9.88% and a net margin of 4.86%. The business had revenue of $254.14 million for the quarter, compared to analyst estimates of $254.00 million. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, equities research analysts expect that Columbus McKinnon Co. will post 2.95 EPS for the current year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. Columbus McKinnon’s dividend payout ratio is presently 16.57%.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.