Cascade Investment Advisors Inc. Buys 2,820 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Cascade Investment Advisors Inc. boosted its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 9.5% in the third quarter, Holdings Channel reports. The institutional investor owned 32,520 shares of the industrial products company’s stock after purchasing an additional 2,820 shares during the period. Cascade Investment Advisors Inc.’s holdings in Columbus McKinnon were worth $1,171,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its position in Columbus McKinnon by 13,440.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,354 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 1,344 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Columbus McKinnon in the 4th quarter worth approximately $524,000. Keeley Teton Advisors LLC lifted its position in Columbus McKinnon by 24.2% in the 4th quarter. Keeley Teton Advisors LLC now owns 52,785 shares of the industrial products company’s stock valued at $2,060,000 after acquiring an additional 10,277 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Columbus McKinnon during the 4th quarter valued at $987,000. Finally, Nebula Research & Development LLC bought a new stake in shares of Columbus McKinnon in the 4th quarter worth $730,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Trading Up 0.6 %

Shares of NASDAQ:CMCO opened at $35.32 on Thursday. The stock’s 50-day simple moving average is $33.59 and its two-hundred day simple moving average is $37.59. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.20 and a current ratio of 2.07. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.80 and a beta of 1.18.

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

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 9th were given a $0.07 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Columbus McKinnon’s payout ratio is currently 17.28%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.