Alan S. Korman Sells 1,558 Shares of Columbus McKinnon Corporation (CMCO) Stock
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.
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.
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Columbus McKinnon Company Profile
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