Columbus McKinnon Corporation $CMCO Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP grew its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,876 shares of the industrial products company’s stock after purchasing an additional 35,802 shares during the quarter. Systematic Financial Management LP’s holdings in Columbus McKinnon were worth $5,656,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Columbus McKinnon by 48.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 565 shares during the period. Group One Trading LLC grew its position in shares of Columbus McKinnon by 266.7% in the third quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,600 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Columbus McKinnon by 66.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Columbus McKinnon by 267.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 1,893 shares during the period. Finally, Signaturefd LLC grew its position in shares of Columbus McKinnon by 18.1% in the fourth quarter. Signaturefd LLC now owns 3,554 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 545 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CMCO shares. Zacks Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. DA Davidson set a $20.00 target price on shares of Columbus McKinnon in a research report on Thursday, February 12th. Wall Street Zen lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Columbus McKinnon in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.50.

Columbus McKinnon Stock Performance

NASDAQ:CMCO opened at $14.94 on Monday. The company’s 50-day moving average price is $14.97 and its 200-day moving average price is $17.14. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market cap of $429.38 million, a P/E ratio of 71.14 and a beta of 1.39. Columbus McKinnon Corporation has a twelve month low of $13.31 and a twelve month high of $24.40.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.9%. Columbus McKinnon’s payout ratio is 133.33%.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.