Columbus McKinnon Corporation (CMCO) VP Mark R. Paradowski Sells 3,906 Shares
Columbus McKinnon Corporation (NASDAQ:CMCO) VP Mark R. Paradowski sold 3,906 shares of Columbus McKinnon stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.96, for a total value of $156,083.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Columbus McKinnon Corporation (NASDAQ CMCO) traded up $0.06 during midday trading on Friday, hitting $39.21. The stock had a trading volume of 24,955 shares, compared to its average volume of 129,255. Columbus McKinnon Corporation has a 12 month low of $22.88 and a 12 month high of $41.49. The firm has a market capitalization of $903.15, a PE ratio of 23.30 and a beta of 1.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.18 and a current ratio of 1.96.
Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The company had revenue of $212.80 million during the quarter, compared to analysts’ expectations of $203.27 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. analysts forecast that Columbus McKinnon Corporation will post 1.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were issued a $0.04 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.41%. Columbus McKinnon’s dividend payout ratio (DPR) is 18.82%.
Several equities analysts recently issued reports on the company. Roth Capital assumed coverage on Columbus McKinnon in a report on Friday, July 28th. They set a “buy” rating and a $33.00 price objective for the company. ValuEngine cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet raised Columbus McKinnon from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Columbus McKinnon has an average rating of “Buy” and a consensus price target of $37.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP raised its holdings in shares of Columbus McKinnon by 2.8% in the third quarter. Susquehanna International Group LLP now owns 47,111 shares of the industrial products company’s stock worth $1,784,000 after acquiring an additional 1,280 shares during the last quarter. Algert Global LLC acquired a new position in shares of Columbus McKinnon in the third quarter worth $1,054,000. Cubist Systematic Strategies LLC acquired a new position in shares of Columbus McKinnon in the third quarter worth $202,000. Allianz Asset Management GmbH acquired a new position in shares of Columbus McKinnon in the third quarter worth $723,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Columbus McKinnon by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,445,148 shares of the industrial products company’s stock worth $54,728,000 after acquiring an additional 71,980 shares during the last quarter. 86.68% of the stock is owned by institutional investors.
Columbus McKinnon Company Profile
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