David J. Wilson Buys 31,300 Shares of Columbus McKinnon Co. (NASDAQ:CMCO) Stock

Columbus McKinnon Co. (NASDAQ:CMCO) CEO David J. Wilson bought 31,300 shares of the stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the completion of the purchase, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Columbus McKinnon Stock Performance

Shares of CMCO stock opened at $31.42 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 2.04. Columbus McKinnon Co. has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The stock has a 50 day moving average price of $33.23 and a two-hundred day moving average price of $36.21. The company has a market capitalization of $901.44 million, a P/E ratio of 59.28 and a beta of 1.19.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.89%. Columbus McKinnon’s payout ratio is 52.83%.

Institutional Investors Weigh In On Columbus McKinnon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMCO. Dimensional Fund Advisors LP grew its stake in shares of Columbus McKinnon by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,890,999 shares of the industrial products company’s stock worth $65,315,000 after acquiring an additional 7,465 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Columbus McKinnon by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company’s stock worth $69,505,000 after acquiring an additional 16,174 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Columbus McKinnon in the second quarter worth $35,540,000. Allspring Global Investments Holdings LLC grew its stake in shares of Columbus McKinnon by 0.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 964,234 shares of the industrial products company’s stock worth $33,305,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Chartwell Investment Partners LLC boosted its position in shares of Columbus McKinnon by 22.4% during the third quarter. Chartwell Investment Partners LLC now owns 345,855 shares of the industrial products company’s stock valued at $12,451,000 after buying an additional 63,331 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.