Natixis Advisors LLC Has $700,000 Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Natixis Advisors LLC trimmed its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 13.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 20,266 shares of the industrial products company’s stock after selling 3,048 shares during the period. Natixis Advisors LLC’s holdings in Columbus McKinnon were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCO. Quadrature Capital Ltd acquired a new position in Columbus McKinnon during the 4th quarter valued at about $987,000. Foundry Partners LLC raised its stake in Columbus McKinnon by 23.9% in the first quarter. Foundry Partners LLC now owns 121,625 shares of the industrial products company’s stock valued at $5,428,000 after buying an additional 23,460 shares during the period. Boston Partners bought a new position in Columbus McKinnon in the 1st quarter valued at about $847,000. First Eagle Investment Management LLC grew its stake in shares of Columbus McKinnon by 11.7% in the first quarter. First Eagle Investment Management LLC now owns 184,281 shares of the industrial products company’s stock valued at $8,224,000 after acquiring an additional 19,350 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in Columbus McKinnon during the 1st quarter worth $3,791,000. Institutional investors own 95.96% of the company’s stock.

Analysts Set New Price Targets

CMCO has been the subject of several research reports. JPMorgan Chase & Co. began coverage on Columbus McKinnon in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $53.00 target price for the company. StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Columbus McKinnon Trading Up 0.3 %

Shares of CMCO opened at $30.13 on Friday. The firm has a fifty day simple moving average of $34.15 and a two-hundred day simple moving average of $38.45. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84. The company has a quick ratio of 1.20, a current ratio of 2.07 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $869.52 million, a P/E ratio of 18.60 and a beta of 1.18.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $239.73 million during the quarter, compared to analyst estimates of $241.25 million. Columbus McKinnon had a return on equity of 9.50% and a net margin of 4.52%. Columbus McKinnon’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, research analysts anticipate that Columbus McKinnon Co. will post 3.02 EPS for the current year.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 9th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, August 9th. Columbus McKinnon’s dividend payout ratio (DPR) is 17.28%.

Columbus McKinnon Company 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.