Columbus McKinnon Co. (NASDAQ:CMCO) Stake Boosted by Meros Investment Management LP

Meros Investment Management LP increased its stake in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 30.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 276,506 shares of the industrial products company’s stock after buying an additional 63,914 shares during the period. Columbus McKinnon comprises about 4.5% of Meros Investment Management LP’s holdings, making the stock its 5th biggest position. Meros Investment Management LP’s holdings in Columbus McKinnon were worth $9,954,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Columbus McKinnon by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,384 shares of the industrial products company’s stock worth $776,000 after purchasing an additional 995 shares during the period. Comerica Bank lifted its position in shares of Columbus McKinnon by 214.3% during the 1st quarter. Comerica Bank now owns 12,262 shares of the industrial products company’s stock valued at $547,000 after buying an additional 8,361 shares during the last quarter. CWM LLC grew its position in shares of Columbus McKinnon by 679.8% in the second quarter. CWM LLC now owns 1,817 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 1,584 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Columbus McKinnon by 10.7% in the second quarter. Wedge Capital Management L L P NC now owns 36,674 shares of the industrial products company’s stock worth $1,267,000 after purchasing an additional 3,549 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Columbus McKinnon by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 193,595 shares of the industrial products company’s stock worth $6,687,000 after acquiring an additional 10,669 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Insider Buying and Selling at Columbus McKinnon

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

Columbus McKinnon Stock Performance

Shares of CMCO opened at $40.19 on Wednesday. Columbus McKinnon Co. has a 12-month low of $29.26 and a 12-month high of $45.84. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.15 billion, a PE ratio of 75.83 and a beta of 1.23. The stock has a 50-day moving average price of $35.95 and a 200-day moving average price of $35.17.

Columbus McKinnon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.28 annualized dividend and a yield of 0.70%. Columbus McKinnon’s payout ratio is presently 52.83%.

Columbus McKinnon Company 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.