Insider Selling: Columbus McKinnon Corporation (CMCO) VP Sells $10,468.71 in Stock

Columbus McKinnon Corporation (NASDAQ:CMCO) VP Alan S. Korman sold 261 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $40.11, for a total value of $10,468.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Columbus McKinnon Corporation (CMCO) traded down $0.87 on Thursday, reaching $38.58. The company had a trading volume of 98,207 shares, compared to its average volume of 124,927. The stock has a market capitalization of $911.89, a P/E ratio of 23.31 and a beta of 1.90. Columbus McKinnon Corporation has a 1 year low of $22.88 and a 1 year high of $41.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The company had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. During the same quarter last year, the business posted $0.36 EPS. Columbus McKinnon’s quarterly revenue was up 40.0% compared to the same quarter last year. sell-side analysts anticipate that Columbus McKinnon Corporation will post 1.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, November 9th. Columbus McKinnon’s dividend payout ratio is presently 18.82%.

A number of large investors have recently added to or reduced their stakes in CMCO. SG Americas Securities LLC bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $141,000. Laurion Capital Management LP bought a new position in Columbus McKinnon during the 2nd quarter worth approximately $202,000. Cubist Systematic Strategies LLC bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $202,000. Trexquant Investment LP bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $212,000. Finally, WealthTrust Axiom LLC bought a new position in Columbus McKinnon during the 3rd quarter worth approximately $227,000. 85.17% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on CMCO shares. ValuEngine raised Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Thursday, November 2nd. Finally, Roth Capital increased their price target on Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.00.

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About Columbus McKinnon

Insider Buying and Selling by Quarter for Columbus McKinnon (NASDAQ:CMCO)

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