Insider Selling: Columbus McKinnon Corp. (NASDAQ:CMCO) VP Sells 1,296 Shares of Stock

Columbus McKinnon Corp. (NASDAQ:CMCO) VP Mark R. Paradowski sold 1,296 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $39.83, for a total value of $51,619.68.

Shares of CMCO traded down $0.89 during trading on Tuesday, reaching $39.87. The company’s stock had a trading volume of 76,445 shares, compared to its average volume of 118,949. The company has a fifty day moving average of $38.84 and a two-hundred day moving average of $37.52. Columbus McKinnon Corp. has a twelve month low of $27.66 and a twelve month high of $43.09. The company has a market cap of $944.43 million, a price-to-earnings ratio of 14.55 and a beta of 1.76. The company has a quick ratio of 1.05, a current ratio of 1.73 and a debt-to-equity ratio of 0.44.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $207.60 million during the quarter, compared to the consensus estimate of $206.68 million. Columbus McKinnon had a net margin of 6.34% and a return on equity of 15.40%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. As a group, equities analysts forecast that Columbus McKinnon Corp. will post 2.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.60%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 8.76%.

Several hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. grew its position in shares of Columbus McKinnon by 11.6% during the 3rd quarter. First Mercantile Trust Co. now owns 3,278 shares of the industrial products company’s stock valued at $119,000 after buying an additional 340 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Columbus McKinnon by 59.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,557 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 580 shares during the period. California State Teachers Retirement System lifted its position in Columbus McKinnon by 2.4% in the 3rd quarter. California State Teachers Retirement System now owns 35,911 shares of the industrial products company’s stock valued at $1,308,000 after purchasing an additional 830 shares during the last quarter. GSA Capital Partners LLP lifted its position in Columbus McKinnon by 17.2% in the 2nd quarter. GSA Capital Partners LLP now owns 8,915 shares of the industrial products company’s stock valued at $374,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Columbus McKinnon by 0.3% during the 2nd quarter. Northern Trust Corp now owns 457,920 shares of the industrial products company’s stock valued at $19,218,000 after purchasing an additional 1,379 shares during the period. 99.84% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. BidaskClub cut Columbus McKinnon from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Zacks Investment Research downgraded shares of Columbus McKinnon from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Dougherty & Co restated a “buy” rating on shares of Columbus McKinnon in a report on Friday, November 8th. Sidoti reduced their price target on shares of Columbus McKinnon from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, ValuEngine raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $44.80.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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Insider Buying and Selling by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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