Segall Bryant & Hamill LLC Has $13.46 Million Stock Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

Segall Bryant & Hamill LLC boosted its holdings in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 16.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 373,893 shares of the industrial products company’s stock after buying an additional 53,825 shares during the period. Segall Bryant & Hamill LLC’s holdings in Columbus McKinnon were worth $13,460,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Andina Capital Management LLC increased its holdings in shares of Columbus McKinnon by 3.7% in the 2nd quarter. Andina Capital Management LLC now owns 8,671 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 311 shares during the period. GoalVest Advisory LLC grew its position in Columbus McKinnon by 3.1% during the second quarter. GoalVest Advisory LLC now owns 19,740 shares of the industrial products company’s stock valued at $682,000 after purchasing an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake 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 buying an additional 646 shares during the period. Mascoma Wealth Management LLC purchased a new stake in Columbus McKinnon in the 3rd quarter worth approximately $25,000. Finally, Rhumbline Advisers grew its holdings in shares of Columbus McKinnon by 2.0% during 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 in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Insiders Place Their Bets

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

Columbus McKinnon Stock Performance

Shares of NASDAQ CMCO opened at $36.01 on Thursday. Columbus McKinnon Co. has a 12 month low of $29.26 and a 12 month high of $45.84. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.03 billion, a P/E ratio of 67.93 and a beta of 1.19. The business’s 50 day moving average is $34.20 and its two-hundred day moving average is $35.75.

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 issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 8th. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Columbus McKinnon Company Profile

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.