TFO Wealth Partners LLC Has $53,000 Holdings in Columbus McKinnon Co. (NASDAQ:CMCO)

TFO Wealth Partners LLC grew its holdings in Columbus McKinnon Co. (NASDAQ:CMCOFree Report) by 13,440.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,354 shares of the industrial products company’s stock after buying an additional 1,344 shares during the period. TFO Wealth Partners LLC’s holdings in Columbus McKinnon were worth $53,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCO. Quantbot Technologies LP bought a new position in Columbus McKinnon in the 3rd quarter valued at about $61,000. SG Americas Securities LLC acquired a new stake in Columbus McKinnon during the 4th quarter worth approximately $215,000. Carmel Capital Partners LLC lifted its holdings in Columbus McKinnon by 692.6% during the 4th quarter. Carmel Capital Partners LLC now owns 6,095 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 5,326 shares during the last quarter. Bailard Inc. bought a new stake in Columbus McKinnon in the 4th quarter valued at $258,000. Finally, Acadian Asset Management LLC grew its holdings in Columbus McKinnon by 332.7% in the 3rd quarter. Acadian Asset Management LLC now owns 8,913 shares of the industrial products company’s stock valued at $310,000 after buying an additional 6,853 shares in the last quarter. 95.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CMCO shares. JPMorgan Chase & Co. started coverage on shares of Columbus McKinnon in a research report on Tuesday. They issued an “overweight” rating and a $53.00 target price for the company. StockNews.com downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Read Our Latest Stock Report on CMCO

Columbus McKinnon Stock Performance

NASDAQ:CMCO opened at $36.80 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.25 and a current ratio of 1.96. Columbus McKinnon Co. has a fifty-two week low of $30.29 and a fifty-two week high of $45.84. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 22.72 and a beta of 1.26. The stock has a fifty day moving average price of $42.27 and a 200-day moving average price of $40.36.

Columbus McKinnon (NASDAQ:CMCOGet Free Report) last announced its quarterly earnings data on Wednesday, May 29th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). Columbus McKinnon had a return on equity of 9.59% and a net margin of 4.60%. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $264.85 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that Columbus McKinnon Co. will post 3.25 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Friday, May 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. Columbus McKinnon’s dividend payout ratio (DPR) is 17.28%.

Insider Activity at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens bought 1,500 shares of Columbus McKinnon stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $38.71 per share, with a total value of $58,065.00. Following the acquisition, the director now owns 1,500 shares in the company, valued at approximately $58,065. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.47% of the stock is currently owned by insiders.

Columbus McKinnon Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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