Intech Investment Management LLC Purchases Shares of 7,333 Columbus McKinnon Co. (NASDAQ:CMCO)

Intech Investment Management LLC acquired a new position in Columbus McKinnon Co. (NASDAQ:CMCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,333 shares of the industrial products company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mascoma Wealth Management LLC acquired a new position in Columbus McKinnon during the 3rd quarter worth approximately $25,000. Quarry LP acquired a new position in Columbus McKinnon in the 2nd quarter worth $39,000. Innealta Capital LLC purchased a new position in Columbus McKinnon in the 2nd quarter valued at about $41,000. CWM LLC grew its stake in shares of Columbus McKinnon by 679.8% during the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 1,584 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Columbus McKinnon in the second quarter worth about $73,000. Institutional investors and hedge funds own 95.96% of the company’s stock.

Insider Transactions at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the acquisition, the director now owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Wilson bought 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

CMCO stock opened at $39.65 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of 74.66 and a beta of 1.23. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $35.58 and its two-hundred day moving average is $35.38. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.71%. Columbus McKinnon’s payout ratio is 52.83%.

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.