Columbus McKinnon Co. (NASDAQ:CMCO) Stock Holdings Decreased by New England Research & Management Inc.

New England Research & Management Inc. lessened its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 7.4% in the 4th quarter, Holdings Channel reports. The fund owned 20,280 shares of the industrial products company’s stock after selling 1,625 shares during the period. New England Research & Management Inc.’s holdings in Columbus McKinnon were worth $755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCO. Sei Investments Co. grew its stake in Columbus McKinnon by 9.9% during the 2nd quarter. Sei Investments Co. now owns 125,492 shares of the industrial products company’s stock valued at $4,334,000 after acquiring an additional 11,292 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Columbus McKinnon by 291.2% during the second quarter. Squarepoint Ops LLC now owns 60,387 shares of the industrial products company’s stock worth $2,086,000 after purchasing an additional 44,949 shares during the period. AQR Capital Management LLC grew its position in Columbus McKinnon by 18.9% during the second quarter. AQR Capital Management LLC now owns 93,401 shares of the industrial products company’s stock valued at $3,226,000 after purchasing an additional 14,827 shares in the last quarter. Millennium Management LLC increased its stake in Columbus McKinnon by 120.3% in the 2nd quarter. Millennium Management LLC now owns 199,726 shares of the industrial products company’s stock valued at $6,899,000 after buying an additional 109,075 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Columbus McKinnon by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the industrial products company’s stock worth $505,000 after buying an additional 646 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Friday, January 24th.

Insiders Place Their Bets

In other news, CEO David J. Wilson acquired 31,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the acquisition, the chief executive officer now owns 31,300 shares in the company, valued at approximately $1,002,226. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher J. Stephens bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the acquisition, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Stock Up 0.4 %

Shares of Columbus McKinnon stock opened at $36.73 on Thursday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 69.30 and a beta of 1.24. The stock has a 50-day simple moving average of $37.58 and a 200-day simple moving average of $35.44. Columbus McKinnon Co. has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, February 7th. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Columbus McKinnon Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.