Columbus McKinnon Co. (NASDAQ:CMCO) Shares Sold by Skylands Capital LLC

Skylands Capital LLC reduced its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,075 shares of the industrial products company’s stock after selling 44,009 shares during the quarter. Columbus McKinnon comprises approximately 1.0% of Skylands Capital LLC’s holdings, making the stock its 27th largest position. Skylands Capital LLC owned 0.69% of Columbus McKinnon worth $7,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. purchased a new stake in Columbus McKinnon in the 4th quarter worth about $26,416,000. Asset Management One Co. Ltd. increased its stake in shares of Columbus McKinnon by 146.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company’s stock valued at $2,840,000 after buying an additional 45,073 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Columbus McKinnon by 31.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 58,444 shares of the industrial products company’s stock worth $2,104,000 after acquiring an additional 14,018 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Columbus McKinnon by 5.1% in the third 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, Barclays PLC raised its holdings in Columbus McKinnon by 214.6% during the third quarter. Barclays PLC now owns 52,987 shares of the industrial products company’s stock worth $1,907,000 after acquiring an additional 36,147 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Trading Down 5.9 %

Shares of CMCO stock opened at $18.90 on Monday. The company’s fifty day simple moving average is $33.51 and its two-hundred day simple moving average is $34.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. Columbus McKinnon Co. has a 1 year low of $18.86 and a 1 year high of $45.84. The stock has a market capitalization of $540.79 million, a price-to-earnings ratio of 57.27 and a beta of 1.22.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, February 7th. Columbus McKinnon’s payout ratio is 84.85%.

Insider Buying and Selling

In related news, Director Christopher J. Stephens purchased 5,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the purchase, the director now directly owns 11,014 shares in the company, valued at $223,253.78. This trade represents a 83.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. DA Davidson restated a “neutral” rating and issued a $35.00 price objective on shares of Columbus McKinnon in a report on Tuesday, February 18th.

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.