Columbus McKinnon Corporation (NASDAQ:CMCO) VP Gene P. Buer sold 30,529 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $38.00, for a total transaction of $1,160,102.00. Following the completion of the sale, the vice president now owns 17,136 shares in the company, valued at $651,168. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to analyst estimates of $203.27 million. Columbus McKinnon Corporation had a net margin of 2.65% and a return on equity of 10.95%. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Friday, November 10th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, November 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is presently 18.82%.

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Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Columbus McKinnon Corporation by 4.7% in the 2nd quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock worth $66,309,000 after purchasing an additional 118,139 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Columbus McKinnon Corporation by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock worth $34,906,000 after purchasing an additional 108,359 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Columbus McKinnon Corporation by 0.6% in the 2nd quarter. Macquarie Group Ltd. now owns 850,186 shares of the industrial products company’s stock worth $21,612,000 after purchasing an additional 4,726 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Columbus McKinnon Corporation by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 820,712 shares of the industrial products company’s stock worth $20,863,000 after purchasing an additional 41,410 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Columbus McKinnon Corporation by 8.7% in the 2nd quarter. Northern Trust Corp now owns 495,033 shares of the industrial products company’s stock worth $12,585,000 after purchasing an additional 39,578 shares during the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday. Roth Capital raised their price target on shares of Columbus McKinnon Corporation from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday. ValuEngine cut shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Columbus McKinnon Corporation currently has a consensus rating of “Buy” and an average price target of $37.00.

About Columbus McKinnon Corporation

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