Prudent Man Advisors LLC Makes New $160,000 Investment in Columbus McKinnon Corporation $CMCO

Prudent Man Advisors LLC acquired a new position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) in the second quarter, HoldingsChannel.com reports. The firm acquired 10,465 shares of the industrial products company’s stock, valued at approximately $160,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division boosted its position in Columbus McKinnon by 3.0% during the second quarter. Moody National Bank Trust Division now owns 23,885 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 703 shares during the period. Signaturefd LLC boosted its position in Columbus McKinnon by 58.4% during the second quarter. Signaturefd LLC now owns 3,847 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 1,418 shares during the period. CWM LLC boosted its position in Columbus McKinnon by 79.2% during the first quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 1,512 shares during the period. MGO One Seven LLC lifted its holdings in shares of Columbus McKinnon by 21.7% during the second quarter. MGO One Seven LLC now owns 13,441 shares of the industrial products company’s stock worth $205,000 after buying an additional 2,396 shares in the last quarter. Finally, High Note Wealth LLC acquired a new stake in shares of Columbus McKinnon during the first quarter worth $48,000. 95.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CMCO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Columbus McKinnon in a report on Friday. Wall Street Zen raised Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Columbus McKinnon has an average rating of “Reduce” and a consensus target price of $35.00.

Columbus McKinnon Stock Up 2.1%

CMCO stock opened at $15.75 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.85 and a debt-to-equity ratio of 0.46. The company has a market cap of $452.50 million, a PE ratio of -29.17 and a beta of 1.26. Columbus McKinnon Corporation has a 52 week low of $11.78 and a 52 week high of $41.05. The business has a 50-day simple moving average of $14.91 and a 200 day simple moving average of $15.16.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Tuesday, February 8th. The industrial products company reported $0.36 EPS for the quarter. The firm had revenue of $166.55 million during the quarter. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%. Sell-side analysts anticipate that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 7th. Columbus McKinnon’s payout ratio is -51.85%.

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.