Swiss National Bank Sells 6,600 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Swiss National Bank decreased its position in Columbus McKinnon Co. (NASDAQ:CMCO) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,611 shares of the industrial products company’s stock after selling 6,600 shares during the period. Swiss National Bank owned about 0.20% of Columbus McKinnon worth $2,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Skylands Capital LLC boosted its stake in Columbus McKinnon by 3.4% during the 4th quarter. Skylands Capital LLC now owns 243,596 shares of the industrial products company’s stock valued at $9,505,000 after purchasing an additional 8,107 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Columbus McKinnon by 2.2% during the 4th quarter. Truist Financial Corp now owns 66,726 shares of the industrial products company’s stock valued at $2,604,000 after acquiring an additional 1,424 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Columbus McKinnon by 13.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 72,202 shares of the industrial products company’s stock worth $2,817,000 after acquiring an additional 8,302 shares during the period. Bailard Inc. bought a new position in Columbus McKinnon during the fourth quarter valued at approximately $258,000. Finally, Wedge Capital Management L L P NC grew its position in Columbus McKinnon by 8.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 27,530 shares of the industrial products company’s stock worth $1,074,000 after purchasing an additional 2,074 shares during the period. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Stock Up 0.9 %

NASDAQ CMCO opened at $44.90 on Friday. Columbus McKinnon Co. has a 12 month low of $30.29 and a 12 month high of $45.84. The company has a current ratio of 1.92, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.29 billion, a PE ratio of 26.57 and a beta of 1.27. The stock’s 50 day moving average is $42.87 and its 200 day moving average is $40.04.

Columbus McKinnon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.62%. Columbus McKinnon’s dividend payout ratio is 16.57%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMCO. StockNews.com raised Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th. DA Davidson boosted their target price on shares of Columbus McKinnon from $48.00 to $50.00 and gave the company a “buy” rating in a research report 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.