84,887 Shares in Columbus McKinnon Corp. (CMCO) Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC purchased a new stake in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 84,887 shares of the industrial products company’s stock, valued at approximately $2,107,000. Seizert Capital Partners LLC owned approximately 0.42% of Columbus McKinnon Corp. at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Columbus McKinnon Corp. by 7.2% in the third quarter. Wells Fargo & Company MN now owns 8,940 shares of the industrial products company’s stock valued at $159,000 after buying an additional 602 shares in the last quarter. WealthTrust Axiom LLC raised its stake in Columbus McKinnon Corp. by 20.0% in the third quarter. WealthTrust Axiom LLC now owns 12,000 shares of the industrial products company’s stock valued at $214,000 after buying an additional 2,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Columbus McKinnon Corp. by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 57,334 shares of the industrial products company’s stock valued at $1,023,000 after buying an additional 7,248 shares in the last quarter. Citadel Advisors LLC raised its stake in Columbus McKinnon Corp. by 194.9% in the third quarter. Citadel Advisors LLC now owns 46,543 shares of the industrial products company’s stock valued at $830,000 after buying an additional 30,759 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Columbus McKinnon Corp. during the fourth quarter valued at about $1,240,000. 83.37% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Columbus McKinnon Corp. (NASDAQ:CMCO) traded up 2.18% on Friday, reaching $24.38. The company had a trading volume of 120,059 shares. The firm has a market capitalization of $493.62 million, a PE ratio of 25.40 and a beta of 1.66. Columbus McKinnon Corp. has a 12 month low of $13.80 and a 12 month high of $29.23. The company’s 50-day moving average is $25.35 and its 200 day moving average is $25.62.

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, May 5th were given a dividend of $0.04 per share. The ex-dividend date was Wednesday, May 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.66%. Columbus McKinnon Corp.’s dividend payout ratio (DPR) is presently 16.67%.

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Several equities research analysts recently issued reports on CMCO shares. Seaport Global Securities raised Columbus McKinnon Corp. from a “neutral” rating to a “buy” rating and upped their price target for the company from $24.00 to $30.00 in a research report on Monday, January 23rd. Sidoti raised Columbus McKinnon Corp. from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Thursday, January 26th. Finally, Zacks Investment Research lowered Columbus McKinnon Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 30th.

About Columbus McKinnon Corp.

5 Day Chart for NASDAQ:CMCO

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