Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alan S. Korman also recently made the following trade(s):

  • On Friday, August 4th, Alan S. Korman sold 4,253 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $32.17, for a total value of $136,819.01.
  • On Friday, June 9th, Alan S. Korman sold 1,000 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $28.71, for a total value of $28,710.00.
  • On Tuesday, June 6th, Alan S. Korman sold 500 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $27.72, for a total value of $13,860.00.
  • On Friday, June 2nd, Alan S. Korman sold 3,000 shares of Columbus McKinnon Corporation stock. The stock was sold at an average price of $27.13, for a total value of $81,390.00.

Shares of Columbus McKinnon Corporation (CMCO) opened at 32.34 on Wednesday. Columbus McKinnon Corporation has a 12-month low of $16.86 and a 12-month high of $33.12. The company has a market cap of $731.69 million, a PE ratio of 49.00 and a beta of 1.92. The company has a 50 day moving average of $28.69 and a 200-day moving average of $26.56.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its quarterly earnings data 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. The business had revenue of $203.70 million for the quarter, compared to the consensus estimate of $190.62 million. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. Equities research analysts anticipate that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Friday, August 11th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is currently 25.00%.

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Several hedge funds have recently added to or reduced their stakes in CMCO. Sei Investments Co. increased its stake in Columbus McKinnon Corporation by 677.5% in the first quarter. Sei Investments Co. now owns 44,324 shares of the industrial products company’s stock valued at $1,100,000 after buying an additional 38,623 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Columbus McKinnon Corporation by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 221,644 shares of the industrial products company’s stock worth $5,501,000 after buying an additional 23,379 shares during the period. US Bancorp DE increased its stake in shares of Columbus McKinnon Corporation by 1.6% in the first quarter. US Bancorp DE now owns 28,659 shares of the industrial products company’s stock worth $711,000 after buying an additional 450 shares during the period. Boston Partners purchased a new stake in shares of Columbus McKinnon Corporation during the first quarter worth about $2,050,000. Finally, American Century Companies Inc. increased its stake in shares of Columbus McKinnon Corporation by 121.0% in the first quarter. American Century Companies Inc. now owns 22,529 shares of the industrial products company’s stock worth $559,000 after buying an additional 12,337 shares during the period. 86.37% of the stock is currently owned by institutional investors and hedge funds.

CMCO has been the topic of a number of research reports. TheStreet cut shares of Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a report on Wednesday, May 31st. Zacks Investment Research raised shares of Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub cut shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Roth Capital initiated coverage on shares of Columbus McKinnon Corporation in a report on Friday, July 28th. They issued a “buy” rating and a $33.00 price target on the stock. Finally, ValuEngine cut shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Columbus McKinnon Corporation currently has an average rating of “Buy” and a consensus target price of $34.50.

Columbus McKinnon Corporation Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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