Gene P. Buer Sells 28,795 Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) Stock

Columbus McKinnon Corporation (NASDAQ:CMCO) VP Gene P. Buer sold 28,795 shares of Columbus McKinnon Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $32.67, for a total transaction of $940,732.65. Following the completion of the sale, the vice president now owns 24,522 shares in the company, valued at $801,133.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gene P. Buer also recently made the following trade(s):

  • On Wednesday, August 2nd, Gene P. Buer sold 10,669 shares of Columbus McKinnon Corporation stock. The shares were sold at an average price of $31.66, for a total transaction of $337,780.54.

Columbus McKinnon Corporation (NASDAQ:CMCO) traded down 0.91% during mid-day trading on Thursday, hitting $31.57. 40,958 shares of the company’s stock were exchanged. The stock has a market capitalization of $714.27 million, a P/E ratio of 47.83 and a beta of 1.92. The firm has a 50 day moving average of $26.77 and a 200 day moving average of $26.22. Columbus McKinnon Corporation has a 52 week low of $16.28 and a 52 week high of $33.12.

Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.23. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. The business had revenue of $203.70 million for the quarter, compared to analyst estimates of $190.62 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 36.7% compared to the same quarter last year. Equities analysts forecast that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Friday, August 11th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.16 annualized dividend and a yield of 0.50%. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is 25.00%.

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CMCO has been the topic of several recent research reports. TheStreet upgraded shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Roth Capital initiated coverage on shares of Columbus McKinnon Corporation in a research report on Friday, July 28th. They issued a “buy” rating and a $33.00 price objective on the stock. Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. ValuEngine downgraded shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BidaskClub upgraded shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $34.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners bought a new position in shares of Columbus McKinnon Corporation during the first quarter valued at about $2,050,000. American Century Companies Inc. increased its position in shares of Columbus McKinnon Corporation by 121.0% in the first quarter. American Century Companies Inc. now owns 22,529 shares of the industrial products company’s stock valued at $559,000 after buying an additional 12,337 shares during the period. Algert Global LLC increased its position in shares of Columbus McKinnon Corporation by 3.7% in the first quarter. Algert Global LLC now owns 34,830 shares of the industrial products company’s stock valued at $864,000 after buying an additional 1,250 shares during the period. Wells Fargo & Company MN increased its position in shares of Columbus McKinnon Corporation by 87.0% in the first quarter. Wells Fargo & Company MN now owns 28,723 shares of the industrial products company’s stock valued at $712,000 after buying an additional 13,367 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in shares of Columbus McKinnon Corporation by 32.7% in the first quarter. Essex Investment Management Co. LLC now owns 41,963 shares of the industrial products company’s stock valued at $1,042,000 after buying an additional 10,342 shares during the period. Institutional investors and hedge funds own 84.28% of the company’s stock.

Columbus McKinnon Corporation Company Profile

Insider Buying and Selling by Quarter for Columbus McKinnon Corporation (NASDAQ:CMCO)

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