Columbus McKinnon Corporation (CMCO) To Go Ex-Dividend on February 13th

Columbus McKinnon Corporation (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 13th will be given a dividend of 0.07 per share by the industrial products company on Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 13th.

Columbus McKinnon has increased its dividend payment by an average of 0.0%annually over the last three years. Columbus McKinnon has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Columbus McKinnon to earn $2.95 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 9.5%.

Columbus McKinnon Price Performance

CMCO stock opened at $20.75 on Thursday. The stock has a market cap of $596.15 million, a price-to-earnings ratio of 148.22 and a beta of 1.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.81 and a quick ratio of 0.99. The company has a 50 day simple moving average of $18.17 and a 200 day simple moving average of $16.13. Columbus McKinnon has a 1 year low of $11.78 and a 1 year high of $37.50.

Columbus McKinnon (NASDAQ:CMCO) last issued its earnings results on Thursday, October 30th. The industrial products company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $261.05 million for the quarter, compared to analyst estimates of $240.63 million. Columbus McKinnon had a net margin of 0.41% and a return on equity of 7.33%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 earnings per share. Research analysts anticipate that Columbus McKinnon will post 2.69 EPS for the current fiscal year.

Institutional Trading of Columbus McKinnon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCO. Signaturefd LLC lifted its position in shares of Columbus McKinnon by 18.1% in the 4th quarter. Signaturefd LLC now owns 3,554 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 545 shares during the period. Access Investment Management LLC lifted its holdings in Columbus McKinnon by 0.9% in the third quarter. Access Investment Management LLC now owns 82,950 shares of the industrial products company’s stock valued at $1,190,000 after buying an additional 735 shares during the period. Bridge City Capital LLC lifted its holdings in Columbus McKinnon by 0.8% in the second quarter. Bridge City Capital LLC now owns 97,866 shares of the industrial products company’s stock valued at $1,494,000 after buying an additional 784 shares during the period. The Manufacturers Life Insurance Company boosted its position in Columbus McKinnon by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 852 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Columbus McKinnon by 66.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 95.96% of the company’s stock.

About Columbus McKinnon

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.