Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 4,253 shares of Columbus McKinnon Corporation stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $32.17, for a total transaction of $136,819.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • 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 transaction 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 transaction 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 transaction of $81,390.00.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up 1.57% on Tuesday, reaching $32.90. 114,884 shares of the company’s stock were exchanged. The stock has a market cap of $744.36 million, a P/E ratio of 49.85 and a beta of 1.92. Columbus McKinnon Corporation has a 52-week low of $16.28 and a 52-week high of $33.12. The company’s 50 day moving average price is $25.99 and its 200-day moving average price is $25.96.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.23. The business had revenue of $203.70 million during 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 company’s revenue for the quarter was up 36.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. Equities analysts forecast that Columbus McKinnon Corporation will post $1.90 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio is presently 25.00%.

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Several research firms recently weighed in on CMCO. BidaskClub lowered shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Columbus McKinnon Corporation from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Roth Capital began coverage on shares of Columbus McKinnon Corporation in a research note on Friday, July 28th. They set a “buy” rating and a $33.00 price objective on the stock. TheStreet lowered shares of Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. Finally, ValuEngine lowered shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note 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 company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.50.

A number of hedge funds have recently added to or reduced their stakes in CMCO. Dimensional Fund Advisors LP boosted its position in Columbus McKinnon Corporation by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,264,809 shares of the industrial products company’s stock worth $31,393,000 after buying an additional 152,165 shares during the last quarter. Vanguard Group Inc. boosted its position in Columbus McKinnon Corporation by 3.1% in the first quarter. Vanguard Group Inc. now owns 779,302 shares of the industrial products company’s stock worth $19,343,000 after buying an additional 23,394 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in Columbus McKinnon Corporation by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 406,615 shares of the industrial products company’s stock worth $10,092,000 after buying an additional 21,770 shares during the last quarter. State Street Corp boosted its position in Columbus McKinnon Corporation by 6.1% in the fourth quarter. State Street Corp now owns 334,187 shares of the industrial products company’s stock worth $9,040,000 after buying an additional 19,266 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Columbus McKinnon Corporation by 1.9% in the first quarter. JPMorgan Chase & Co. now owns 309,272 shares of the industrial products company’s stock worth $7,676,000 after buying an additional 5,622 shares during the last quarter. 84.28% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Corporation Company Profile

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