Swiss National Bank Purchases 1,700 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Swiss National Bank grew its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO – Get Rating) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 69,011 shares of the industrial products company’s stock after acquiring an additional 1,700 shares during the quarter. Swiss National Bank owned about 0.24% of Columbus McKinnon worth $2,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCO. Barclays PLC lifted its position in Columbus McKinnon by 31.4% in the third quarter. Barclays PLC now owns 1,849 shares of the industrial products company’s stock worth $48,000 after buying an additional 442 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Columbus McKinnon in the second quarter worth $54,000. Advisor Group Holdings Inc. lifted its position in Columbus McKinnon by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,525 shares of the industrial products company’s stock worth $107,000 after buying an additional 855 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Columbus McKinnon by 28.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,938 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 1,087 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of Columbus McKinnon during the first quarter worth $244,000. 96.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Columbus McKinnon in a research report on Thursday, May 18th. They set a “strong-buy” rating for the company.

Columbus McKinnon Trading Up 2.2 %

Columbus McKinnon stock opened at $36.48 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.15 and a debt-to-equity ratio of 0.54. Columbus McKinnon Co. has a 52 week low of $23.54 and a 52 week high of $39.85. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 22.66 and a beta of 1.24. The stock has a 50-day moving average price of $35.09 and a 200 day moving average price of $34.56.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 4th. Columbus McKinnon’s payout ratio is presently 17.39%.

About Columbus McKinnon

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Columbus McKinnon Corp. engages in the design, manufacture, and marketing of material handling products and systems. Its products include hoists, chain and rigging tools, digital power control and delivery systems, actuators and rotary unions, industrial cranes, and elevator application drive systems which are distributed through STAHL, Herc-Alloy, Magnetek, Duff-Norton, Pfaff, and other brands.