Systematic Financial Management LP Boosts Stake in Columbus McKinnon Corporation $CMCO

Systematic Financial Management LP grew its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 327,876 shares of the industrial products company’s stock after buying an additional 35,802 shares during the period. Systematic Financial Management LP owned 1.14% of Columbus McKinnon worth $5,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Columbus McKinnon by 48.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock worth $30,000 after buying an additional 565 shares during the last quarter. Group One Trading LLC increased its stake in shares of Columbus McKinnon by 266.7% in the third quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,600 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of Columbus McKinnon by 66.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Columbus McKinnon by 267.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 1,893 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Columbus McKinnon by 18.1% in the fourth quarter. Signaturefd LLC now owns 3,554 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 545 shares during the period. Hedge funds and other institutional investors own 95.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson set a $20.00 price objective on shares of Columbus McKinnon in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. JPMorgan Chase & Co. cut their price objective on shares of Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Zacks Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Columbus McKinnon in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.50.

Columbus McKinnon Price Performance

CMCO stock opened at $14.94 on Monday. The firm has a market cap of $429.38 million, a PE ratio of 71.14 and a beta of 1.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.83. The firm’s fifty day moving average is $14.97 and its 200 day moving average is $17.14. Columbus McKinnon Corporation has a one year low of $13.31 and a one year high of $24.40.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 1st. Columbus McKinnon’s dividend payout ratio (DPR) is currently 133.33%.

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.