Columbus McKinnon Corporation (NASDAQ:CMCO) CEO Timothy T. Tevens sold 8,770 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $32.15, for a total value of $281,955.50. Following the completion of the transaction, the chief executive officer now directly owns 293,536 shares of the company’s stock, valued at approximately $9,437,182.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up 1.57% during mid-day trading on Tuesday, reaching $32.90. The company had a trading volume of 114,877 shares. Columbus McKinnon Corporation has a 12-month low of $16.28 and a 12-month high of $33.12. The stock has a 50 day moving average price of $25.99 and a 200 day moving average price of $25.96. The firm has a market capitalization of $744.36 million, a PE ratio of 49.85 and a beta of 1.92.

Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.23. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The firm had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $190.62 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was up 36.7% compared to the same quarter last year. On average, equities analysts forecast that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.

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

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Several institutional investors have recently bought and sold shares of 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 valued at $31,393,000 after buying an additional 152,165 shares during the period. 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 valued at $19,343,000 after buying an additional 23,394 shares during the period. 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 valued at $10,092,000 after buying an additional 21,770 shares during the period. 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 valued at $9,040,000 after buying an additional 19,266 shares during the period. 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 valued at $7,676,000 after buying an additional 5,622 shares during the period. 84.28% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. TheStreet upgraded Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Roth Capital set a $36.00 target price on Columbus McKinnon Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. ValuEngine cut Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Columbus McKinnon Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Thursday, August 3rd. Finally, BidaskClub cut Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $34.50.

About Columbus McKinnon Corporation

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