Van Den Berg Management I Inc. Buys 56,282 Shares of Columbus McKinnon Corporation $CMCO

Van Den Berg Management I Inc. raised its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 11.8% during the second quarter, HoldingsChannel reports. The fund owned 534,610 shares of the industrial products company’s stock after buying an additional 56,282 shares during the period. Columbus McKinnon comprises approximately 1.7% of Van Den Berg Management I Inc.’s holdings, making the stock its 23rd largest position. Van Den Berg Management I Inc.’s holdings in Columbus McKinnon were worth $8,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CMCO. Sei Investments Co. grew its position in Columbus McKinnon by 89.5% during the 1st quarter. Sei Investments Co. now owns 186,969 shares of the industrial products company’s stock valued at $2,717,000 after purchasing an additional 88,285 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Columbus McKinnon during the fourth quarter valued at approximately $2,465,000. Renaissance Technologies LLC raised its holdings in Columbus McKinnon by 232.5% in the 1st quarter. Renaissance Technologies LLC now owns 369,323 shares of the industrial products company’s stock worth $5,366,000 after acquiring an additional 258,238 shares during the last quarter. Heartland Advisors Inc. lifted its position in Columbus McKinnon by 16.6% in the 1st quarter. Heartland Advisors Inc. now owns 694,050 shares of the industrial products company’s stock valued at $10,085,000 after acquiring an additional 98,950 shares in the last quarter. Finally, Bernzott Capital Advisors increased its holdings in shares of Columbus McKinnon by 83.0% in the 4th quarter. Bernzott Capital Advisors now owns 540,807 shares of the industrial products company’s stock worth $9,329,000 after purchasing an additional 245,222 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Stock Performance

CMCO stock opened at $18.00 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.00 and a quick ratio of 1.00. Columbus McKinnon Corporation has a 1 year low of $11.99 and a 1 year high of $24.40. The company has a market cap of $519.48 million, a P/E ratio of -2.41 and a beta of 1.37. The stock’s fifty day moving average price is $16.47 and its 200-day moving average price is $16.13.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $531.46 million during the quarter, compared to analysts’ expectations of $501.27 million. Columbus McKinnon had a positive return on equity of 10.02% and a negative net margin of 21.25%.Columbus McKinnon’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. On average, equities analysts forecast that Columbus McKinnon Corporation will post 2.05 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, August 7th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 7th. Columbus McKinnon’s payout ratio is -3.75%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CMCO. DA Davidson lowered their price target on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Wall Street Zen lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. upped their target price on shares of Columbus McKinnon from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Zacks Research raised shares of Columbus McKinnon from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings lowered shares of Columbus McKinnon from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Columbus McKinnon presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Insider Activity at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens purchased 2,750 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $17.14 per share, for a total transaction of $47,135.00. Following the purchase, the director directly owned 22,317 shares of the company’s stock, valued at $382,513.38. The trade was a 14.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Linker acquired 7,500 shares of Columbus McKinnon stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $19.67 per share, with a total value of $147,525.00. Following the completion of the purchase, the executive vice president directly owned 7,500 shares in the company, valued at $147,525. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.09% of the company’s stock.

About Columbus McKinnon

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.