Oppenheimer Asset Management Inc. Purchases 2,786 Shares of Columbus McKinnon Co. (NASDAQ:CMCO)

Oppenheimer Asset Management Inc. boosted its position in shares of Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) by 17.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,571 shares of the industrial products company's stock after buying an additional 2,786 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Columbus McKinnon worth $690,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Columbus McKinnon by 2.6% during the 3rd quarter. BlackRock Inc. now owns 2,223,266 shares of the industrial products company's stock valued at $58,159,000 after acquiring an additional 55,329 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Columbus McKinnon by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,728,957 shares of the industrial products company's stock worth $56,139,000 after buying an additional 74,704 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Columbus McKinnon by 2.7% in the 4th quarter. Macquarie Group Ltd. now owns 1,502,730 shares of the industrial products company's stock worth $48,794,000 after buying an additional 39,274 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Columbus McKinnon by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,393,458 shares of the industrial products company's stock valued at $36,453,000 after buying an additional 11,522 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Columbus McKinnon by 5.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,360,591 shares of the industrial products company's stock valued at $44,178,000 after acquiring an additional 66,610 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.

A number of equities research analysts have issued reports on the company. DA Davidson upped their price objective on Columbus McKinnon from $44.00 to $48.00 in a research report on Thursday, August 3rd. StockNews.com began coverage on Columbus McKinnon in a report on Thursday, August 17th. They set a "buy" rating on the stock.

Check Out Our Latest Stock Analysis on Columbus McKinnon

Shares of NASDAQ:CMCO opened at $36.77 on Monday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.50 and a beta of 1.25. Columbus McKinnon Co. has a 12 month low of $23.54 and a 12 month high of $42.87. The firm's 50-day moving average is $39.91 and its 200 day moving average is $37.66. The company has a current ratio of 1.95, a quick ratio of 1.17 and a debt-to-equity ratio of 0.64.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The firm had revenue of $235.50 million for the quarter, compared to the consensus estimate of $236.77 million. Columbus McKinnon had a net margin of 5.18% and a return on equity of 10.08%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. Research analysts predict that Columbus McKinnon Co. will post 2.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Friday, August 11th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.28 annualized dividend and a yield of 0.76%. Columbus McKinnon's payout ratio is 16.37%.

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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