New York State Common Retirement Fund Has $2.06 Million Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

New York State Common Retirement Fund decreased its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,845 shares of the industrial products company’s stock after selling 401 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of Columbus McKinnon worth $2,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCO. Barclays PLC raised its stake in shares of Columbus McKinnon by 4.9% during the third quarter. Barclays PLC now owns 15,669 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 736 shares during the last quarter. Carmel Capital Partners LLC acquired a new position in Columbus McKinnon during the 3rd quarter worth about $27,000. Teacher Retirement System of Texas grew its position in shares of Columbus McKinnon by 4.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 22,834 shares of the industrial products company’s stock valued at $797,000 after buying an additional 881 shares during the last quarter. Swiss National Bank increased its stake in shares of Columbus McKinnon by 1.4% in the third quarter. Swiss National Bank now owns 63,211 shares of the industrial products company’s stock valued at $2,207,000 after buying an additional 900 shares during the period. Finally, Ziegler Capital Management LLC raised its position in shares of Columbus McKinnon by 7.5% during the fourth quarter. Ziegler Capital Management LLC now owns 18,370 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 1,288 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Trading Up 1.2 %

NASDAQ CMCO opened at $43.91 on Thursday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.98 and a beta of 1.27. The business has a 50 day simple moving average of $42.16 and a 200 day simple moving average of $38.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.92 and a quick ratio of 1.16. Columbus McKinnon Co. has a one year low of $30.29 and a one year high of $44.97.

Columbus McKinnon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, May 2nd. Columbus McKinnon’s dividend payout ratio (DPR) is 16.57%.

Analyst Ratings Changes

A number of analysts have weighed in on CMCO shares. StockNews.com downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. DA Davidson lifted their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, February 5th.

Columbus McKinnon Profile

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.