Columbus McKinnon (NASDAQ:CMCO) announced a quarterly dividend on Tuesday, March 27th, Wall Street Journal reports. Investors of record on Friday, May 4th will be paid a dividend of 0.05 per share by the industrial products company on Monday, May 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, May 3rd. This is a positive change from Columbus McKinnon’s previous quarterly dividend of $0.04.

Shares of CMCO opened at $36.93 on Friday. Columbus McKinnon has a 1-year low of $23.19 and a 1-year high of $44.55. The stock has a market cap of $853.41, a P/E ratio of 19.51 and a beta of 1.85. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.81 and a quick ratio of 1.06.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.13. Columbus McKinnon had a net margin of 1.10% and a return on equity of 11.87%. The company had revenue of $208.73 million during the quarter, compared to analyst estimates of $201.08 million. During the same quarter last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. research analysts forecast that Columbus McKinnon will post 2 EPS for the current fiscal year.

In other Columbus McKinnon news, VP Alan S. Korman sold 1,724 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $36.00, for a total transaction of $62,064.00. Following the transaction, the vice president now owns 16,593 shares of the company’s stock, valued at approximately $597,348. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Alan S. Korman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $37.39, for a total transaction of $74,780.00. The disclosure for this sale can be found here. Company insiders own 3.91% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub raised shares of Columbus McKinnon from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 21st. Zacks Investment Research downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Finally, TheStreet downgraded shares of Columbus McKinnon from a “b” rating to a “c+” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.33.

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 end-user markets worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists, as well as supplies hoist trolleys; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists.

Dividend History for Columbus McKinnon (NASDAQ:CMCO)

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