Columbus McKinnon Co. (NASDAQ:CMCO) Stake Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 31.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,444 shares of the industrial products company’s stock after purchasing an additional 14,018 shares during the period. State of New Jersey Common Pension Fund D owned about 0.20% of Columbus McKinnon worth $2,104,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Boston Partners acquired a new position in Columbus McKinnon during the first quarter worth $847,000. Hillsdale Investment Management Inc. acquired a new position in Columbus McKinnon during the 1st quarter worth $3,791,000. Vanguard Group Inc. boosted its holdings in Columbus McKinnon by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,557,371 shares of the industrial products company’s stock valued at $69,505,000 after acquiring an additional 16,174 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Columbus McKinnon in the second quarter valued at about $35,540,000. Finally, Renaissance Technologies LLC increased its stake in shares of Columbus McKinnon by 250.3% in the second quarter. Renaissance Technologies LLC now owns 107,885 shares of the industrial products company’s stock worth $3,726,000 after purchasing an additional 77,085 shares during the period. 95.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Columbus McKinnon

In other news, CEO David J. Wilson purchased 31,300 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the completion of the purchase, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at $1,002,226. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher J. Stephens acquired 1,000 shares of Columbus McKinnon stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the purchase, the director now owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. The trade was a 19.94 % 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 Down 0.8 %

NASDAQ CMCO opened at $37.14 on Friday. The firm has a 50-day simple moving average of $33.84 and a 200 day simple moving average of $35.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. The stock has a market cap of $1.07 billion, a PE ratio of 70.08 and a beta of 1.19. Columbus McKinnon Co. has a twelve month low of $29.26 and a twelve month high of $45.84.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Wall Street Analyst Weigh In

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

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.