BidaskClub cut shares of Columbus McKinnon (NASDAQ:CMCO) from a hold rating to a sell rating in a research report report published on Tuesday, BidAskClub reports.

A number of other equities analysts have also issued reports on CMCO. Zacks Investment Research upgraded Columbus McKinnon from a hold rating to a buy rating and set a $37.00 target price for the company in a research note on Wednesday, January 16th. Seaport Global Securities started coverage on Columbus McKinnon in a research report on Wednesday, January 23rd. They set a buy rating and a $42.00 price target on the stock. ValuEngine raised Columbus McKinnon from a sell rating to a hold rating in a research report on Wednesday, January 30th. Finally, Roth Capital set a $44.00 price target on Columbus McKinnon and gave the stock a buy rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Columbus McKinnon presently has an average rating of Hold and an average target price of $44.50.

CMCO stock traded down $0.13 during midday trading on Tuesday, reaching $35.49. The stock had a trading volume of 300 shares, compared to its average volume of 73,594. The firm has a market capitalization of $825.13 million, a price-to-earnings ratio of 17.66 and a beta of 1.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.78 and a quick ratio of 1.01. Columbus McKinnon has a 52-week low of $27.66 and a 52-week high of $45.85.

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were given a dividend of $0.06 per share. This is an increase from Columbus McKinnon’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, May 2nd. Columbus McKinnon’s dividend payout ratio (DPR) is currently 11.94%.

In other news, VP Alan S. Korman sold 5,168 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $37.90, for a total transaction of $195,867.20. Following the sale, the vice president now directly owns 15,711 shares in the company, valued at approximately $595,446.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.27% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Columbus McKinnon by 20.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,290 shares of the industrial products company’s stock worth $7,722,000 after purchasing an additional 33,745 shares in the last quarter. LPL Financial LLC bought a new position in shares of Columbus McKinnon during the 3rd quarter valued at about $222,000. MetLife Investment Advisors LLC increased its position in shares of Columbus McKinnon by 57.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 15,826 shares of the industrial products company’s stock valued at $626,000 after purchasing an additional 5,752 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Columbus McKinnon by 4.0% during the 3rd quarter. Teachers Advisors LLC now owns 42,894 shares of the industrial products company’s stock valued at $1,696,000 after purchasing an additional 1,666 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Columbus McKinnon by 33.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 84,517 shares of the industrial products company’s stock valued at $3,342,000 after purchasing an additional 21,400 shares during the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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