Foresters Investment Management Company Inc. raised its position in shares of Columbus McKinnon Corp. (NASDAQ:CMCO) by 52.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 230,600 shares of the industrial products company’s stock after acquiring an additional 79,400 shares during the period. Foresters Investment Management Company Inc.’s holdings in Columbus McKinnon were worth $6,950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the company. Lord Abbett & CO. LLC grew its holdings in Columbus McKinnon by 0.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 587,814 shares of the industrial products company’s stock worth $17,717,000 after acquiring an additional 1,500 shares during the period. Geode Capital Management LLC grew its holdings in Columbus McKinnon by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 245,917 shares of the industrial products company’s stock worth $7,411,000 after acquiring an additional 17,099 shares during the period. Dimensional Fund Advisors LP grew its holdings in Columbus McKinnon by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,573,627 shares of the industrial products company’s stock worth $47,429,000 after acquiring an additional 60,612 shares during the period. United Services Automobile Association grew its holdings in Columbus McKinnon by 1,027.0% during the 4th quarter. United Services Automobile Association now owns 81,393 shares of the industrial products company’s stock worth $2,453,000 after acquiring an additional 74,171 shares during the period. Finally, Citigroup Inc. grew its holdings in Columbus McKinnon by 15.4% during the 4th quarter. Citigroup Inc. now owns 7,189 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 957 shares during the period. Institutional investors own 97.47% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub downgraded Columbus McKinnon from a “sell” rating to a “strong sell” rating in a report on Saturday, December 8th. Zacks Investment Research upgraded Columbus McKinnon from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday, January 28th. Finally, ValuEngine downgraded Columbus McKinnon from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.50.

Shares of Columbus McKinnon stock opened at $33.70 on Friday. The stock has a market cap of $816.55 million, a price-to-earnings ratio of 16.77 and a beta of 1.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.78 and a quick ratio of 1.01. Columbus McKinnon Corp. has a 1-year low of $27.66 and a 1-year high of $45.85.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Thursday, January 31st. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The company 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%. On average, sell-side analysts forecast that Columbus McKinnon Corp. will post 2.63 earnings per share for the current year.

In other news, VP Alan S. Korman sold 5,168 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $37.90, for a total transaction of $195,867.20. Following the transaction, the vice president now owns 15,711 shares of the company’s stock, valued at approximately $595,446.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.27% of the stock is owned by corporate insiders.

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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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