Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 1,000 shares of Columbus McKinnon Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, August 4th, Alan S. Korman sold 4,253 shares of Columbus McKinnon Corporation stock. The shares were sold at an average price of $32.17, for a total transaction of $136,819.01.
  • On Friday, June 9th, Alan S. Korman sold 1,000 shares of Columbus McKinnon Corporation stock. The shares were 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 shares were 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 shares were sold at an average price of $27.13, for a total transaction of $81,390.00.

Columbus McKinnon Corporation (NASDAQ CMCO) traded up 0.4560% during trading on Tuesday, hitting $32.4975. 20,573 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $28.69 and its 200 day moving average price is $26.56. The stock has a market cap of $735.26 million, a P/E ratio of 49.2386 and a beta of 1.92. Columbus McKinnon Corporation has a 12-month low of $16.86 and a 12-month high of $33.12.

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 Zacks’ consensus estimate of $0.32 by $0.23. The firm had revenue of $203.70 million during the quarter, compared to analysts’ expectations 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 was up 36.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Analysts anticipate that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.

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

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Several analysts recently weighed in on the stock. Roth Capital set a $36.00 target price on shares of Columbus McKinnon Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Thursday, August 3rd. BidaskClub upgraded shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet downgraded shares of Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a report on Wednesday, May 31st. Finally, ValuEngine downgraded shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $34.50.

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in Columbus McKinnon Corporation by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,094 shares of the industrial products company’s stock worth $151,000 after buying an additional 91 shares during the period. Isthmus Partners LLC boosted its stake in Columbus McKinnon Corporation by 0.7% in the first quarter. Isthmus Partners LLC now owns 30,604 shares of the industrial products company’s stock worth $760,000 after buying an additional 221 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Columbus McKinnon Corporation by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,336 shares of the industrial products company’s stock worth $415,000 after buying an additional 414 shares during the period. US Bancorp DE boosted its stake in Columbus McKinnon Corporation by 1.6% in the first quarter. US Bancorp DE now owns 28,659 shares of the industrial products company’s stock worth $711,000 after buying an additional 450 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Columbus McKinnon Corporation by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 45,122 shares of the industrial products company’s stock worth $1,120,000 after buying an additional 538 shares during the period. Hedge funds and other institutional investors own 86.37% of the company’s stock.

Columbus McKinnon Corporation Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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