Van Den Berg Management I Inc. Grows Stake in Columbus McKinnon Corporation $CMCO

Van Den Berg Management I Inc. grew its stake in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) by 26.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 478,328 shares of the industrial products company’s stock after acquiring an additional 99,309 shares during the quarter. Columbus McKinnon comprises approximately 1.6% of Van Den Berg Management I Inc.’s portfolio, making the stock its 25th biggest position. Van Den Berg Management I Inc.’s holdings in Columbus McKinnon were worth $6,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of CMCO. Signaturefd LLC boosted its stake in Columbus McKinnon by 18.1% in the 4th quarter. Signaturefd LLC now owns 3,554 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 545 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Columbus McKinnon by 48.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 565 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Columbus McKinnon by 4.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 20,040 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 850 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Columbus McKinnon by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 852 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Columbus McKinnon by 41.4% in the fourth quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock worth $54,000 after buying an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

CMCO has been the topic of several analyst reports. Wall Street Zen downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Finally, DA Davidson lowered their price objective on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Columbus McKinnon currently has an average rating of “Hold” and an average target price of $22.00.

Columbus McKinnon Stock Performance

Shares of CMCO stock opened at $16.12 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.02 and a debt-to-equity ratio of 3.38. The company has a 50 day moving average price of $14.35 and a 200-day moving average price of $16.45. Columbus McKinnon Corporation has a 52 week low of $11.99 and a 52 week high of $24.40. The firm has a market capitalization of $464.74 million, a PE ratio of -2.94 and a beta of 1.39.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Thursday, June 4th. The industrial products company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). Columbus McKinnon had a negative net margin of 19.23% and a positive return on equity of 7.09%. The company had revenue of $437.83 million for the quarter, compared to the consensus estimate of $419.56 million. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 77.3% on a year-over-year basis. Columbus McKinnon has set its FY 2027 guidance at 1.700-1.900 EPS. As a group, equities research analysts expect that Columbus McKinnon Corporation will post 1.73 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 7th. Columbus McKinnon’s dividend payout ratio is presently -5.11%.

About Columbus McKinnon

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.