Barrow Hanley Mewhinney & Strauss LLC Grows Stock Position in Columbus McKinnon Co. (NASDAQ:CMCO)

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 13.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,547,958 shares of the industrial products company’s stock after purchasing an additional 184,615 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.05% of Columbus McKinnon worth $57,646,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Columbus McKinnon during the 4th quarter worth approximately $26,416,000. Asset Management One Co. Ltd. lifted its position in shares of Columbus McKinnon by 146.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company’s stock valued at $2,840,000 after acquiring an additional 45,073 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Columbus McKinnon during the fourth quarter valued at $14,799,000. Victory Capital Management Inc. increased its position in Columbus McKinnon by 117.8% during the 4th quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock worth $27,455,000 after purchasing an additional 398,826 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Columbus McKinnon by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 390,745 shares of the industrial products company’s stock valued at $14,067,000 after purchasing an additional 18,802 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. DA Davidson reiterated a “neutral” rating and issued a $35.00 price target on shares of Columbus McKinnon in a report on Tuesday, February 18th.

Columbus McKinnon Trading Down 4.6 %

NASDAQ CMCO opened at $17.04 on Friday. The company has a market cap of $487.57 million, a P/E ratio of 51.64 and a beta of 1.31. Columbus McKinnon Co. has a 12 month low of $15.48 and a 12 month high of $45.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.03 and a quick ratio of 1.10. The company has a 50-day moving average of $24.09 and a 200-day moving average of $31.66.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 8.64% and a net margin of 0.95%. As a group, equities analysts predict that Columbus McKinnon Co. will post 2.69 earnings per share for the current year.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Friday, May 2nd will be issued a $0.07 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.64%. Columbus McKinnon’s dividend payout ratio (DPR) is 84.85%.

Insider Activity

In other Columbus McKinnon news, Director Chad R. Abraham purchased 20,000 shares of Columbus McKinnon stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $16.05 per share, with a total value of $321,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $321,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathryn V. Bohl bought 2,819 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $17.99 per share, for a total transaction of $50,713.81. Following the purchase, the director now owns 14,812 shares in the company, valued at approximately $266,467.88. This trade represents a 23.51 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 27,819 shares of company stock valued at $473,064 in the last three months. Corporate insiders own 1.98% of the company’s stock.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.