Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 1,558 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $40.10, for a total value of $62,475.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, November 30th, Alan S. Korman sold 261 shares of Columbus McKinnon stock. The shares were sold at an average price of $40.11, for a total value of $10,468.71.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded down $0.57 on Tuesday, reaching $39.16. The company’s stock had a trading volume of 60,366 shares, compared to its average volume of 125,276. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18. The company has a market cap of $910.51, a price-to-earnings ratio of 23.57 and a beta of 1.90. Columbus McKinnon Corporation has a 1 year low of $22.88 and a 1 year high of $41.49.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $212.80 million during the quarter, compared to analyst estimates of $203.27 million. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The company’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. analysts expect that Columbus McKinnon Corporation will post 1.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, November 9th. Columbus McKinnon’s dividend payout ratio is currently 18.82%.

A number of analysts recently commented on the company. Zacks Investment Research raised Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, November 2nd. Roth Capital boosted their target price on Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, ValuEngine lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Columbus McKinnon presently has a consensus rating of “Buy” and an average price target of $37.00.

A number of institutional investors and hedge funds have recently modified their holdings of CMCO. Kennedy Capital Management Inc. increased its holdings in Columbus McKinnon by 188.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 226,151 shares of the industrial products company’s stock worth $5,749,000 after purchasing an additional 147,775 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Columbus McKinnon by 14.6% during the 3rd quarter. Macquarie Group Ltd. now owns 974,628 shares of the industrial products company’s stock worth $36,909,000 after purchasing an additional 124,442 shares in the last quarter. Royal Bank of Canada increased its holdings in Columbus McKinnon by 4.7% during 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbus McKinnon by 8.6% during 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 in the last quarter. Finally, EAM Investors LLC bought a new stake in Columbus McKinnon during the 2nd quarter worth approximately $2,490,000. 85.17% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/05/alan-s-korman-sells-1558-shares-of-columbus-mckinnon-corporation-cmco-stock.html.

Columbus McKinnon Company Profile

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

Receive News & Ratings for Columbus McKinnon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.