Bank of New York Mellon Corp Reduces Stake in Columbus McKinnon Corp. (NASDAQ:CMCO)

WINTON GROUP Ltd increased its holdings in Columbus McKinnon by 40.1% during the 3rd quarter. WINTON GROUP Ltd now owns 11,971 shares …

Columbus McKinnon logoBank of New York Mellon Corp decreased its position in Columbus McKinnon Corp. (NASDAQ:CMCO) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,629 shares of the industrial products company’s stock after selling 3,950 shares during the period. Bank of New York Mellon Corp owned about 1.03% of Columbus McKinnon worth $9,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Services Automobile Association purchased a new stake in shares of Columbus McKinnon in the 2nd quarter valued at approximately $280,000. Campbell & CO Investment Adviser LLC purchased a new position in Columbus McKinnon during the 3rd quarter valued at about $332,000. WINTON GROUP Ltd increased its holdings in Columbus McKinnon by 40.1% during the 3rd quarter. WINTON GROUP Ltd now owns 11,971 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 3,428 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Columbus McKinnon by 4.9% during the 3rd quarter. Wells Fargo & Company MN now owns 34,020 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Columbus McKinnon during the 3rd quarter valued at about $1,397,000. 97.44% of the stock is owned by institutional investors.

CMCO has been the subject of several recent research reports. Craig Hallum set a $54.00 target price on shares of Columbus McKinnon and gave the company a “buy” rating in a report on Tuesday, October 30th. ValuEngine downgraded shares of Columbus McKinnon from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. Seaport Global Securities assumed coverage on shares of Columbus McKinnon in a report on Wednesday, January 23rd. They set a “buy” rating and a $42.00 price target for the company. BidaskClub raised shares of Columbus McKinnon from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Finally, Roth Capital set a $44.00 target price on shares of Columbus McKinnon and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.50.

Shares of CMCO stock opened at $35.94 on Wednesday. The company has a market cap of $839.38 million, a price-to-earnings ratio of 17.88 and a beta of 1.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.78. Columbus McKinnon Corp. has a fifty-two week low of $27.66 and a fifty-two week high of $45.85.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $217.42 million for the quarter, compared to analysts’ expectations of $215.05 million. Columbus McKinnon had a net margin of 3.58% and a return on equity of 14.55%. As a group, equities research analysts anticipate that Columbus McKinnon Corp. will post 2.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 11th. Stockholders of record on Friday, February 1st were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, January 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. Columbus McKinnon’s dividend payout ratio is currently 9.95%.

ILLEGAL ACTIVITY NOTICE: “Bank of New York Mellon Corp Reduces Stake in Columbus McKinnon Corp. (NASDAQ:CMCO)” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.fairfieldcurrent.com/news/2019/02/13/bank-of-new-york-mellon-corp-has-9-48-million-position-in-columbus-mckinnon-corp-cmco.html.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

Further Reading: Quiet Period Expirations Explained

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

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Vanguard Group Inc. Has $36.37 Million Holdings in Columbus McKinnon Corp. (CMCO)

Vanguard Group Inc. raised its holdings in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 0.8% in the 3rd quarter, according to the …

Columbus McKinnon logoVanguard Group Inc. raised its holdings in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 919,878 shares of the industrial products company’s stock after buying an additional 7,488 shares during the period. Vanguard Group Inc. owned about 3.94% of Columbus McKinnon worth $36,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCO. Morgan Stanley lifted its holdings in Columbus McKinnon by 2.6% in the third quarter. Morgan Stanley now owns 88,921 shares of the industrial products company’s stock worth $3,516,000 after buying an additional 2,215 shares during the period. Nordea Investment Management AB increased its stake in shares of Columbus McKinnon by 22.1% during the third quarter. Nordea Investment Management AB now owns 119,767 shares of the industrial products company’s stock valued at $4,736,000 after purchasing an additional 21,685 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Columbus McKinnon by 33.9% during the third quarter. TIAA CREF Investment Management LLC now owns 84,517 shares of the industrial products company’s stock valued at $3,342,000 after purchasing an additional 21,400 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Columbus McKinnon by 4.0% during the third quarter. Teachers Advisors LLC now owns 42,894 shares of the industrial products company’s stock valued at $1,696,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Columbus McKinnon by 14.1% during the third quarter. Macquarie Group Ltd. now owns 1,280,623 shares of the industrial products company’s stock valued at $50,635,000 after purchasing an additional 157,958 shares in the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. ValuEngine raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. BidaskClub raised shares of Columbus McKinnon from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Roth Capital set a $44.00 target price on shares of Columbus McKinnon and gave the company a “buy” rating in a research note on Saturday, February 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Columbus McKinnon presently has an average rating of “Buy” and an average target price of $44.50.

Shares of NASDAQ CMCO traded up $0.62 on Tuesday, reaching $35.54. 8,608 shares of the company’s stock traded hands, compared to its average volume of 119,686. Columbus McKinnon Corp. has a 12 month low of $27.66 and a 12 month high of $45.85. The company has a market capitalization of $836.86 million, a price-to-earnings ratio of 17.68 and a beta of 1.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.78.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $217.42 million during the quarter, compared to the consensus estimate of $215.05 million. Columbus McKinnon had a net margin of 3.58% and a return on equity of 14.55%. On average, analysts forecast that Columbus McKinnon Corp. will post 2.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Friday, February 1st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, January 31st. Columbus McKinnon’s dividend payout ratio (DPR) is currently 9.95%.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/02/12/vanguard-group-inc-has-36-37-million-holdings-in-columbus-mckinnon-corp-cmco.html.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

Featured Story: SEC Filing

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

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As Qualcomm (QCOM) Stock Declined, Holder Rothschild Investment Decreased Its Holding by …

Spitfire Capital Llc decreased its stake in Columbus Mckinnon Corp N Y (CMCO) by 10.22% based on its latest 2018Q3 regulatory filing with the SEC.

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Spitfire Capital Llc decreased its stake in Columbus Mckinnon Corp N Y (CMCO) by 10.22% based on its latest 2018Q3 regulatory filing with the SEC. Spitfire Capital Llc sold 33,418 shares as the company’s stock declined 25.45% with the market. The hedge fund held 293,528 shares of the construction and ag equipment and trucks company at the end of 2018Q3, valued at $11.61 million, down from 326,946 at the end of the previous reported quarter. Spitfire Capital Llc who had been investing in Columbus Mckinnon Corp N Y for a number of months, seems to be less bullish one the $839.61M market cap company. The stock increased 1.81% or $0.64 during the last trading session, reaching $35.95. About 66,796 shares traded. Columbus McKinnon Corporation (NASDAQ:CMCO) has declined 18.66% since February 7, 2018 and is downtrending. It has underperformed by 18.66% the S&P500. Some Historical CMCO News: 07/03/2018 Columbus McKinnon Opens New Entertainment Training Center of Excellence at Rock Lititz; 11/05/2018 – Cortina Asset Buys New 2% Position in Columbus McKinnon; 29/03/2018 – COLUMBUS MCKINNON – DIRECTORS UNANIMOUSLY APPROVED TERMINATION OF CO’S RIGHTS AGREEMENT, WHICH WAS ORIGINALLY SCHEDULED TO EXPIRE ON MAY 18, 2019; 23/05/2018 – Columbus McKinnon Names Aziz S. Aghili to Bd of Directors; 30/05/2018 – COLUMBUS MCKINNON CORP CMCO.O – QTRLY NET SALES $214.1 MILLION VS $183.7 MLN; 30/05/2018 – Columbus McKinnon Expects 1Q Rev to Grow 7%-9% Including FX Benefit; 30/05/2018 – Columbus McKinnon Reports Record Gross Margins for Fourth Quarter and Fiscal Year 2018; 25/04/2018 – Rice Hall James Buys New 1.5% Position in Columbus McKinnon; 16/04/2018 – Columbus McKinnon Closes Above 200-Day Average: Technicals; 23/05/2018 – COLUMBUS MCKINNON CORP – ADDITION OF AGHILI AS INDEPENDENT DIRECTOR, BRINGS CO’S BOARD TO TEN DIRECTORS

Rothschild Investment Corp decreased its stake in Qualcomm Inc (QCOM) by 58.29% based on its latest 2018Q3 regulatory filing with the SEC. Rothschild Investment Corp sold 106,867 shares as the company’s stock declined 20.85% with the market. The institutional investor held 76,460 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q3, valued at $5.51M, down from 183,327 at the end of the previous reported quarter. Rothschild Investment Corp who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $61.85 billion market cap company. The stock increased 0.73% or $0.37 during the last trading session, reaching $51.1. About 10,234 shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has declined 12.25% since February 7, 2018 and is downtrending. It has underperformed by 12.25% the S&P500. Some Historical QCOM News: 05/03/2018 – ? Washington orders Qualcomm delay The […]; 28/05/2018 – MEDIA-China to approve Qualcomm-NXP deal once U.S. lifts ban against ZTE-Bloomberg; 03/05/2018 – WeBuildWebsites.ca: Qualcomm to refile China antitrust application for $44 billion NXP takeover; 25/04/2018 – QUALCOMM INC QTRLY QTL REVENUES OF $1,260 MLN VS $2,249 MLN REPORTED LAST YEAR; 14/03/2018 – Broadcom withdraws $142bn offer for Qualcomm; 12/03/2018 – Broadcom: Acquisition of Qualcomm Remains Conditioned on Redomiciliation; 12/03/2018 – U.S. says Broadcom review confirms security concerns; 06/03/2018 – Government Calls Broadcom’s Bid for Qualcomm a National Security Risk; 16/03/2018 – Qualcomm: Board Is Grateful to Jacobs for His Decades of Service; 22/05/2018 – EVANINA: BROADCOM-QUALCOMM BLOCK BY TRUMP ‘REASONABLE’ MOVE

Rothschild Investment Corp, which manages about $1.10B and $848.46 million US Long portfolio, upped its stake in Honeywell Intl (NYSE:HON) by 2,701 shares to 47,124 shares, valued at $7.84M in 2018Q3, according to the filing. It also increased its holding in American Funds Dev Wld Grwth & by 77,180 shares in the quarter, for a total of 134,442 shares, and has risen its stake in Walt Disney Productions (NYSE:DIS).

Investors sentiment decreased to 0.77 in Q3 2018. Its down 0.17, from 0.94 in 2018Q2. It fall, as 48 investors sold QCOM shares while 521 reduced holdings. 153 funds opened positions while 285 raised stakes. 1.05 billion shares or 4.81% less from 1.10 billion shares in 2018Q2 were reported. Da Davidson And Company invested 0.58% in QUALCOMM Incorporated (NASDAQ:QCOM). Horizon Kinetics Ltd Limited Liability Company holds 2,836 shares or 0% of its portfolio. Greatmark Investment owns 3.06% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 135,111 shares. Van Eck Corp holds 0.32% or 923,266 shares in its portfolio. Miller Howard Invs New York invested 1.74% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Cutler Inv Counsel Limited Liability Company holds 1.73% in QUALCOMM Incorporated (NASDAQ:QCOM) or 128,453 shares. Amer Assets Invest Ltd Limited Liability Company owns 24,500 shares. Guggenheim Ltd Com owns 739,392 shares or 0.35% of their US portfolio. First Manhattan stated it has 13,906 shares or 0.01% of all its holdings. Brookstone Cap Mgmt invested in 0.35% or 64,533 shares. Cincinnati Corporation invested in 2.56% or 912,500 shares. 38,448 are held by Old Dominion Capital Management. Bancorporation holds 41,089 shares or 0.04% of its portfolio. Arizona State Retirement Systems holds 0.24% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 348,587 shares. Federated Invsts Pa holds 0.02% or 94,917 shares.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Noteworthy Monday Option Activity: QCOM, HOG, AAL – Nasdaq” on January 28, 2019, also Nasdaq.com with their article: “QCOM November 9th Options Begin Trading – Nasdaq” published on September 27, 2018, Investorplace.com published: “Is QCOM Stock Poised for an Epic Implosion? – Investorplace.com” on January 25, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “How NXP Semiconductors Shares Fell 37% in 2018 – Nasdaq” published on January 14, 2019 as well as Nasdaq.com‘s news article titled: “Qualcomm Holds Pattern Favoring Long Trade off Post-Market Earnings Moves – Nasdaq” with publication date: January 29, 2019.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 20 Hold. Therefore 43% are positive. Qualcomm Inc. had 171 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 24. On Monday, July 10 the stock rating was maintained by BMO Capital Markets with “Hold”. Mizuho maintained it with “Neutral” rating and $59 target in Tuesday, September 6 report. Morgan Stanley maintained it with “Underweight” rating and $55 target in Monday, March 19 report. As per Monday, October 31, the company rating was upgraded by Nomura. The firm has “Hold” rating given on Thursday, July 26 by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, November 14 by RBC Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by RBC Capital Markets on Thursday, July 21. The company was maintained on Monday, November 13 by Canaccord Genuity. The firm has “Overweight” rating by Morgan Stanley given on Monday, July 27.

Since August 27, 2018, it had 0 insider buys, and 7 sales for $8.28 million activity. AMON CRISTIANO R sold 18,323 shares worth $1.10M. 854 shares valued at $61,642 were sold by ROGERS ALEXANDER H on Thursday, September 27.

More notable recent Columbus McKinnon Corporation (NASDAQ:CMCO) news were published by: Nasdaq.com which released: “Should Value Investors Buy Columbus McKinnon (CMCO) Stock? – Nasdaq” on January 18, 2019, also Seekingalpha.com with their article: “Efficiency Initiatives, M&A, And Cycle Have Boosted Columbus McKinnon – Seeking Alpha” published on September 19, 2018, Globenewswire.com published: “Columbus McKinnon Opens New Entertainment Training Center of Excellence at Rock Lititz – GlobeNewswire” on March 07, 2018. More interesting news about Columbus McKinnon Corporation (NASDAQ:CMCO) were released by: Globenewswire.com and their article: “New CM Lodestar VS Electric Chain Hoist Harnesses the Power of Intelligent Lifting – GlobeNewswire” published on April 04, 2018 as well as Seekingalpha.com‘s news article titled: “Columbus McKinnon (CMCO) Presents At The Sidoti & Company Fall 2017 Convention – Slideshow – Seeking Alpha” with publication date: September 29, 2017.

Columbus McKinnon Corporation (NASDAQ:CMCO) Institutional Positions Chart

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Bank of New York Mellon Corp Has $9.48 Million Position in Columbus McKinnon Corp. (CMCO)

WINTON GROUP Ltd grew its position in shares of Columbus McKinnon by 40.1% in the 3rd quarter. WINTON GROUP Ltd now owns 11,971 shares of …

Columbus McKinnon logoBank of New York Mellon Corp lowered its holdings in Columbus McKinnon Corp. (NASDAQ:CMCO) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,629 shares of the industrial products company’s stock after selling 3,950 shares during the period. Bank of New York Mellon Corp owned about 1.03% of Columbus McKinnon worth $9,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. United Services Automobile Association bought a new position in Columbus McKinnon in the second quarter valued at $280,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Columbus McKinnon in the 3rd quarter valued at about $332,000. WINTON GROUP Ltd grew its position in shares of Columbus McKinnon by 40.1% in the 3rd quarter. WINTON GROUP Ltd now owns 11,971 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 3,428 shares during the period. Wells Fargo & Company MN grew its position in shares of Columbus McKinnon by 4.9% in the 3rd quarter. Wells Fargo & Company MN now owns 34,020 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 1,595 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Columbus McKinnon in the 3rd quarter valued at about $1,397,000. 97.55% of the stock is owned by institutional investors and hedge funds.

Shares of CMCO opened at $35.31 on Wednesday. Columbus McKinnon Corp. has a one year low of $27.66 and a one year high of $45.85. The stock has a market capitalization of $820.99 million, a PE ratio of 17.57 and a beta of 1.76. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.61.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Columbus McKinnon had a net margin of 3.58% and a return on equity of 14.55%. The company had revenue of $217.42 million during the quarter, compared to the consensus estimate of $215.05 million. On average, research analysts forecast that Columbus McKinnon Corp. will post 2.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Friday, February 1st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, January 31st. Columbus McKinnon’s dividend payout ratio is presently 9.95%.

CMCO has been the subject of a number of analyst reports. ValuEngine downgraded shares of Columbus McKinnon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Craig Hallum set a $54.00 price objective on shares of Columbus McKinnon and gave the company a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, October 30th. Finally, BidaskClub raised shares of Columbus McKinnon from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.50.

COPYRIGHT VIOLATION WARNING: “Bank of New York Mellon Corp Has $9.48 Million Position in Columbus McKinnon Corp. (CMCO)” was originally published by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.fairfieldcurrent.com/news/2019/02/06/bank-of-new-york-mellon-corp-has-9-48-million-position-in-columbus-mckinnon-corp-cmco.html.

Columbus McKinnon Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

Further Reading: NASDAQ

Want to see what other hedge funds are holding CMCO?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbus McKinnon Corp. (NASDAQ:CMCO).

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

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Columbus McKinnon Corp. (CMCO) Stake Boosted by BlackRock Inc.

BlackRock Inc. grew its stake in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 1.5% during the 3rd quarter, according to the company in …

Columbus McKinnon logoBlackRock Inc. grew its stake in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,553,037 shares of the industrial products company’s stock after acquiring an additional 23,014 shares during the quarter. BlackRock Inc. owned about 6.65% of Columbus McKinnon worth $61,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC acquired a new position in shares of Columbus McKinnon during the second quarter valued at about $9,651,000. Global X Management Co LLC increased its holdings in Columbus McKinnon by 19.0% in the 2nd quarter. Global X Management Co LLC now owns 8,092 shares of the industrial products company’s stock worth $351,000 after buying an additional 1,292 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Columbus McKinnon in the 2nd quarter worth approximately $225,000. Millennium Management LLC increased its holdings in Columbus McKinnon by 54.0% in the 2nd quarter. Millennium Management LLC now owns 255,723 shares of the industrial products company’s stock worth $11,088,000 after buying an additional 89,648 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Columbus McKinnon by 23.4% in the 2nd quarter. Renaissance Technologies LLC now owns 242,085 shares of the industrial products company’s stock worth $10,497,000 after buying an additional 45,900 shares during the period. Hedge funds and other institutional investors own 97.67% of the company’s stock.

Several brokerages recently weighed in on CMCO. BidaskClub downgraded shares of Columbus McKinnon from a “sell” rating to a “strong sell” rating in a report on Saturday, December 8th. ValuEngine downgraded shares of Columbus McKinnon from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. Zacks Investment Research upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Wednesday. Finally, Craig Hallum set a $54.00 price target on shares of Columbus McKinnon and gave the stock a “buy” rating in a report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Columbus McKinnon presently has an average rating of “Hold” and an average target price of $46.33.

Shares of NASDAQ:CMCO opened at $32.35 on Friday. Columbus McKinnon Corp. has a twelve month low of $27.66 and a twelve month high of $45.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.05 and a current ratio of 1.85. The company has a market capitalization of $692.91 million, a P/E ratio of 16.09 and a beta of 1.70.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The company had revenue of $217.14 million for the quarter, compared to the consensus estimate of $218.91 million. Columbus McKinnon had a net margin of 2.49% and a return on equity of 13.88%. Columbus McKinnon’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, analysts forecast that Columbus McKinnon Corp. will post 2.64 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Columbus McKinnon Corp. (CMCO) Stake Boosted by BlackRock Inc.” was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/01/11/columbus-mckinnon-corp-cmco-stake-boosted-by-blackrock-inc.html.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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

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