Columbus McKinnon Co. (NASDAQ:CMCO) Declares $0.07 Quarterly Dividend

Columbus McKinnon Co. (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.07 per share by the industrial products company on Friday, February 28th. This represents a $0.28 annualized dividend and a yield of 0.74%.

Columbus McKinnon has raised its dividend by an average of 5.3% per year over the last three years.

Columbus McKinnon Stock Performance

Shares of CMCO traded up $1.31 during midday trading on Tuesday, reaching $37.61. The stock had a trading volume of 155,250 shares, compared to its average volume of 146,038. The firm has a 50 day simple moving average of $37.56 and a 200-day simple moving average of $35.26. Columbus McKinnon has a one year low of $29.26 and a one year high of $45.84. The firm has a market cap of $1.08 billion, a PE ratio of 70.96 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling

In related news, CEO David J. Wilson purchased 31,300 shares of the stock in a transaction dated 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. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher J. Stephens bought 1,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $37.34 per share, with a total value of $37,340.00. Following the transaction, the director now owns 6,014 shares in the company, valued at $224,562.76. The trade was a 19.94 % increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th.

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.