Central Pacific Bank Trust Division Purchases 1,632 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Central Pacific Bank Trust Division increased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,499 shares of the industrial products company’s stock after acquiring an additional 1,632 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Columbus McKinnon were worth $391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CMCO. Mascoma Wealth Management LLC purchased a new stake in shares of Columbus McKinnon during the third quarter worth about $25,000. Quarry LP purchased a new stake in Columbus McKinnon during the 2nd quarter worth approximately $39,000. Point72 DIFC Ltd acquired a new position in Columbus McKinnon during the 2nd quarter valued at approximately $106,000. Palouse Capital Management Inc. acquired a new stake in shares of Columbus McKinnon during the third quarter worth $144,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Columbus McKinnon during the third quarter valued at $155,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Insider Buying and Selling at Columbus McKinnon

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

Columbus McKinnon Stock Performance

Shares of CMCO stock opened at $36.78 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The business has a fifty day moving average of $37.16 and a 200 day moving average of $35.16. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 69.40 and a beta of 1.23. Columbus McKinnon Co. has a 1 year low of $29.26 and a 1 year high of $45.84.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

About Columbus McKinnon

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.