Moody National Bank Trust Division Has $638,000 Stake in Columbus McKinnon Co. (NASDAQ:CMCO)

Moody National Bank Trust Division boosted its holdings in Columbus McKinnon Co. (NASDAQ:CMCO) by 21.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,138 shares of the industrial products company’s stock after acquiring an additional 3,049 shares during the quarter. Moody National Bank Trust Division’s holdings in Columbus McKinnon were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Columbus McKinnon by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,890,999 shares of the industrial products company’s stock valued at $65,315,000 after purchasing an additional 7,465 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Columbus McKinnon in the 2nd quarter valued at approximately $35,540,000. Lord Abbett & CO. LLC boosted its stake in Columbus McKinnon by 8.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,003,751 shares of the industrial products company’s stock worth $36,135,000 after acquiring an additional 74,831 shares during the last quarter. Systematic Financial Management LP boosted its stake in Columbus McKinnon by 12.0% during the 3rd quarter. Systematic Financial Management LP now owns 782,274 shares of the industrial products company’s stock worth $28,162,000 after acquiring an additional 83,610 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Columbus McKinnon by 1.6% during the third quarter. Geode Capital Management LLC now owns 687,852 shares of the industrial products company’s stock valued at $24,767,000 after purchasing an additional 10,581 shares during the period. 95.96% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO David J. Wilson purchased 31,300 shares of Columbus McKinnon stock in a transaction on Friday, November 1st. The stock was purchased at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. The trade was a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher J. Stephens purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the purchase, 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. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th.

Columbus McKinnon Trading Up 1.5 %

NASDAQ CMCO opened at $35.46 on Wednesday. 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 current ratio of 2.04 and a quick ratio of 1.16. The firm has a market cap of $1.02 billion, a P/E ratio of 66.91 and a beta of 1.24. The stock’s 50-day moving average is $37.56 and its 200-day moving average is $35.18.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, November 8th. Columbus McKinnon’s 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.