Columbus McKinnon Corp. (CMCO) Shares Sold by Eagle Boston Investment Management Inc.

Eagle Boston Investment Management Inc. lessened its stake in Columbus McKinnon Corp. (NASDAQ:CMCO) by 21.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,893 shares of the industrial products company’s stock after selling 78,183 shares during the period. Columbus McKinnon accounts for approximately 1.2% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 27th largest position. Eagle Boston Investment Management Inc.’s holdings in Columbus McKinnon were worth $11,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in Columbus McKinnon by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,336 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 414 shares in the last quarter. Teachers Advisors LLC boosted its stake in Columbus McKinnon by 2.9% in the second quarter. Teachers Advisors LLC now owns 35,886 shares of the industrial products company’s stock valued at $912,000 after acquiring an additional 1,009 shares in the last quarter. Voya Investment Management LLC boosted its stake in Columbus McKinnon by 10.8% in the second quarter. Voya Investment Management LLC now owns 12,389 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 1,208 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Columbus McKinnon by 2.8% in the third quarter. Susquehanna International Group LLP now owns 47,111 shares of the industrial products company’s stock valued at $1,784,000 after acquiring an additional 1,280 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Columbus McKinnon by 6.0% in the fourth quarter. US Bancorp DE now owns 26,481 shares of the industrial products company’s stock valued at $1,058,000 after acquiring an additional 1,493 shares in the last quarter. Institutional investors own 84.63% of the company’s stock.

In other news, VP Mark R. Paradowski sold 3,906 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.96, for a total value of $156,083.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alan S. Korman sold 1,558 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $40.10, for a total transaction of $62,475.80. The disclosure for this sale can be found here. Insiders sold 6,225 shares of company stock valued at $247,918 over the last ninety days. Corporate insiders own 3.91% of the company’s stock.

Shares of Columbus McKinnon Corp. (CMCO) opened at $34.95 on Thursday. Columbus McKinnon Corp. has a 1-year low of $23.13 and a 1-year high of $44.55. The company has a quick ratio of 1.06, a current ratio of 1.81 and a debt-to-equity ratio of 0.83. The company has a market cap of $812.43, a PE ratio of 94.46 and a beta of 1.78.

Columbus McKinnon (NASDAQ:CMCO) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.13. Columbus McKinnon had a net margin of 1.10% and a return on equity of 11.87%. The business had revenue of $208.73 million during the quarter, compared to analysts’ expectations of $201.08 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 36.9% compared to the same quarter last year. sell-side analysts anticipate that Columbus McKinnon Corp. will post 2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a $0.04 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Columbus McKinnon’s payout ratio is 43.24%.

CMCO has been the subject of several research analyst reports. Roth Capital upped their price objective on shares of Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, November 2nd. BidaskClub upgraded shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Seaport Global Securities restated a “buy” rating and issued a $50.00 price objective on shares of Columbus McKinnon in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.33.

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Columbus McKinnon Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.

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Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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