Columbus McKinnon Corporation (NASDAQ:CMCO) Shareholders to Collect $0.07 Quarterly Dividend

Columbus McKinnon Corporation (NASDAQ:CMCO) declared a quarterly dividend on Monday, October 26th. Investors of record on Friday, November 6th will be given a dividend of $0.07 per share by the industrial products company on Monday, November 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 6th.

Columbus McKinnon has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Columbus McKinnon to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 10.5%.

Columbus McKinnon Stock Performance

Columbus McKinnon stock opened at $14.04 on Tuesday. Columbus McKinnon has a fifty-two week low of $11.99 and a fifty-two week high of $24.40. The firm’s 50 day simple moving average is $16.54 and its 200-day simple moving average is $16.66. The company has a debt-to-equity ratio of 3.95, a current ratio of 2.00 and a quick ratio of 1.00. The company has a market cap of $405.19 million, a P/E ratio of -1.88 and a beta of 1.43.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Columbus McKinnon had a negative net margin of 21.25% and a positive return on equity of 10.02%. The business had revenue of $531.46 million during the quarter, compared to the consensus estimate of $501.27 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm’s quarterly revenue was up 125.3% on a year-over-year basis. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. As a group, equities research analysts predict that Columbus McKinnon will post 2.00 EPS for the current year.

Insider Buying and Selling at Columbus McKinnon

In related news, Director Christopher Stephens purchased 2,750 shares of the stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $17.14 per share, for a total transaction of $47,135.00. Following the acquisition, the director directly owned 22,317 shares in the company, valued at approximately $382,513.38. The trade was a 14.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Linker purchased 7,500 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $19.67 per share, for a total transaction of $147,525.00. Following the completion of the purchase, the executive vice president directly owned 7,500 shares of the company’s stock, valued at $147,525. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.09% of the company’s stock.

Institutional Investors Weigh In On Columbus McKinnon

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Columbus McKinnon in the second quarter valued at approximately $37,183,000. Stanley Capital Management LLC acquired a new position in shares of Columbus McKinnon during the 2nd quarter worth $12,936,000. Heartland Advisors Inc. increased its stake in shares of Columbus McKinnon by 16.6% during the 1st quarter. Heartland Advisors Inc. now owns 694,050 shares of the industrial products company’s stock worth $10,085,000 after purchasing an additional 98,950 shares during the last quarter. Van Den Berg Management I Inc. increased its stake in shares of Columbus McKinnon by 11.8% during the 2nd quarter. Van Den Berg Management I Inc. now owns 534,610 shares of the industrial products company’s stock worth $8,089,000 after purchasing an additional 56,282 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Columbus McKinnon by 232.5% during the 1st quarter. Renaissance Technologies LLC now owns 369,323 shares of the industrial products company’s stock worth $5,366,000 after purchasing an additional 258,238 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

About Columbus McKinnon

Columbus McKinnon Corporation is a global manufacturer of intelligent motion solutions and lifting equipment. The company designs and supplies products used to move, lift, position and secure materials in industrial, commercial and infrastructure applications.

Its product portfolio includes electric and manual hoists, overhead cranes, winches, actuators, rigging equipment, load-positioning systems, crane controls and safety systems. Columbus McKinnon also offers automation technologies and software intended to improve the efficiency, safety and control of material-handling operations.