Schwab Charles Investment Management Inc. raised its holdings in Columbus McKinnon Corporation (NASDAQ:CMCO) by 2.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,828 shares of the industrial products company’s stock after buying an additional 2,900 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.55% of Columbus McKinnon Corporation worth $3,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in Columbus McKinnon Corporation by 1.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,094 shares of the industrial products company’s stock valued at $151,000 after buying an additional 91 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Columbus McKinnon Corporation by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 45,122 shares of the industrial products company’s stock valued at $1,120,000 after buying an additional 538 shares during the last quarter. American International Group Inc. grew its holdings in Columbus McKinnon Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock valued at $297,000 after buying an additional 795 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Columbus McKinnon Corporation by 3.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,052 shares of the industrial products company’s stock valued at $1,019,000 after buying an additional 1,513 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Columbus McKinnon Corporation by 4.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 58,521 shares of the industrial products company’s stock valued at $1,488,000 after buying an additional 2,277 shares during the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.

CMCO has been the topic of a number of research analyst reports. BidaskClub lowered Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Roth Capital initiated coverage on Columbus McKinnon Corporation in a report on Friday, July 28th. They issued a “buy” rating and a $33.00 target price on the stock. ValuEngine lowered Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised Columbus McKinnon Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Columbus McKinnon Corporation presently has an average rating of “Hold” and a consensus target price of $34.50.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) opened at 36.80 on Friday. The firm has a market cap of $832.60 million, a price-to-earnings ratio of 55.76 and a beta of 1.90. Columbus McKinnon Corporation has a one year low of $16.86 and a one year high of $38.64. The stock’s 50 day moving average price is $35.61 and its 200 day moving average price is $29.17.

Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.32 by $0.23. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The company had revenue of $203.70 million for the quarter, compared to the consensus estimate of $190.62 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 36.7% on a year-over-year basis. On average, equities analysts anticipate that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.

In other news, VP Alan S. Korman sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.93, for a total value of $82,325.00. Following the transaction, the vice president now owns 13,121 shares of the company’s stock, valued at $432,074.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gene P. Buer sold 10,669 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.66, for a total value of $337,780.54. The disclosure for this sale can be found here. Insiders sold 167,932 shares of company stock worth $5,416,512 in the last ninety days. 3.91% of the stock is owned by company insiders.

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About Columbus McKinnon Corporation

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Institutional Ownership by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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