Columbus McKinnon Co. (NASDAQ:CMCO) Stock Position Raised by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Columbus McKinnon Co. (NASDAQ:CMCO) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 687,852 shares of the industrial products company’s stock after buying an additional 10,581 shares during the period. Geode Capital Management LLC’s holdings in Columbus McKinnon were worth $24,767,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CMCO. The Manufacturers Life Insurance Company lifted its position in Columbus McKinnon by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,630 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 646 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in Columbus McKinnon in the 3rd quarter worth approximately $25,000. Rhumbline Advisers increased its position in Columbus McKinnon by 2.0% in the 2nd quarter. Rhumbline Advisers now owns 47,162 shares of the industrial products company’s stock valued at $1,629,000 after acquiring an additional 911 shares during the period. Providence Capital Advisors LLC raised its stake in Columbus McKinnon by 0.8% during the 2nd quarter. Providence Capital Advisors LLC now owns 112,595 shares of the industrial products company’s stock valued at $3,889,000 after acquiring an additional 941 shares in the last quarter. Finally, Quarry LP acquired a new position in Columbus McKinnon during the 2nd quarter worth $39,000. 95.96% of the stock is currently owned by institutional investors.

Insider Activity

In other Columbus McKinnon news, CEO David J. Wilson acquired 31,300 shares of Columbus McKinnon stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the transaction, the chief executive officer now owns 31,300 shares in the company, valued at approximately $1,002,226. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher J. Stephens bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the completion of the acquisition, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

Columbus McKinnon Price Performance

Shares of CMCO opened at $37.44 on Friday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 70.64 and a beta of 1.23. The stock’s fifty day moving average is $36.75 and its 200-day moving average is $35.12. Columbus McKinnon Co. has a one year low of $29.26 and a one year high of $45.84. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

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.