Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. trimmed its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,280 shares of the industrial products company’s stock after selling 1,625 shares during the period. New England Research & Management Inc. owned 0.07% of Columbus McKinnon worth $755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lord Abbett & CO. LLC lifted its holdings in shares of Columbus McKinnon by 8.1% during the 3rd 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. Systematic Financial Management LP lifted its position in shares of 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 worth $28,162,000 after purchasing an additional 83,610 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Columbus McKinnon by 1.6% during the third quarter. Geode Capital Management LLC now owns 687,852 shares of the industrial products company’s stock valued at $24,767,000 after acquiring an additional 10,581 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Columbus McKinnon by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock valued at $14,067,000 after purchasing an additional 18,802 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Columbus McKinnon by 16.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 373,893 shares of the industrial products company’s stock worth $13,460,000 after acquiring an additional 53,825 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Buying and Selling

In related news, CEO David J. Wilson purchased 31,300 shares of Columbus McKinnon stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the purchase, the chief executive officer now owns 31,300 shares in the company, valued at approximately $1,002,226. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher J. Stephens acquired 1,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is owned by company insiders.

Columbus McKinnon Stock Performance

Columbus McKinnon stock opened at $36.73 on Thursday. The company has a market cap of $1.05 billion, a PE ratio of 69.30 and a beta of 1.24. The company has a fifty day moving average price of $37.58 and a two-hundred day moving average price of $35.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. Columbus McKinnon Co. has a 12 month low of $29.26 and a 12 month high of $45.84.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 7th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, February 7th. This represents a $0.28 annualized dividend and a yield of 0.76%. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

Columbus McKinnon Company 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.