Dividend Flows Don’t Lie: Can Columbus McKinnon Corporation (NASDAQ:CMCO) truly back claims of $0.04 dividends by Nov 21, 2016?

Dividend Flows Don't Lie: Can Columbus McKinnon Corporation (NASDAQ:CMCO) truly back claims of $0.04 dividends by Nov 21, 2016?

Columbus McKinnon Corporation (NASDAQ:CMCO) is expected to pay $0.04 on Nov 21, 2016. The indicated annual dividend is $0.16. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Columbus McKinnon Corporation’s current price of $19.89, the dividend is 0.20%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 24, 2016. The stock increased 2.58% or $0.5 on November 4, hitting $19.89. Columbus McKinnon Corp. (NASDAQ:CMCO) has risen 27.34% since April 5, 2016 and is uptrending. It has outperformed by 25.38% the S&P500.

Columbus McKinnon Corporation is a global designer, maker and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The company has a market cap of $398.89 million.

Insitutional Activity: The institutional sentiment decreased to 1.24 in Q2 2016. Its down 0.59, from 1.83 in 2016Q1. The ratio dived, as 6 funds sold all Columbus McKinnon Corp. shares owned while 31 reduced positions. 8 funds bought stakes while 38 increased positions. They now own 15.77 million shares or 5.47% less from 16.69 million shares in 2016Q1.
Price Michael F owns 155,000 shares or 0.29% of their US portfolio. Dc Advsrs accumulated 50,000 shares or 0.41% of the stock. State Street has 0% invested in the company for 308,765 shares. The California-based Spitfire Capital has invested 3.34% in Columbus McKinnon Corp. (NASDAQ:CMCO). Cna Finance Corporation owns 60,393 shares or 0.21% of their US portfolio. Moreover, Walthausen And Ltd Liability Co has 0.64% invested in Columbus McKinnon Corp. (NASDAQ:CMCO) for 432,587 shares. Pacific Ridge Cap Ltd Com holds 0.88% or 137,670 shares in its portfolio. Jpmorgan Chase And holds 0% of its portfolio in Columbus McKinnon Corp. (NASDAQ:CMCO) for 50,086 shares. Teacher Retirement System Of Texas, a Texas-based fund reported 2,669 shares. Prudential Financial accumulated 0% or 56,156 shares. Ameriprise Fincl Incorporated accumulated 37,896 shares or 0% of the stock. Systematic Fincl Mgmt Lp accumulated 0.01% or 59,250 shares. The California-based California State Teachers Retirement Sys has invested 0% in Columbus McKinnon Corp. (NASDAQ:CMCO). Thompson Siegel Walmsley Ltd Liability Com has 0% invested in the company for 500 shares. Blackrock has 5,462 shares for 0% of their US portfolio.

Insider Transactions: Since September 12, 2016, the stock had 0 insider purchases, and 1 sale for $35,824 net activity. Korman Alan S also sold $35,824 worth of Columbus McKinnon Corp. (NASDAQ:CMCO) shares.

Columbus McKinnon Corp. (NASDAQ:CMCO) Ratings Coverage

Out of 3 analysts covering Columbus McKinnon (NASDAQ:CMCO), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Columbus McKinnon has been the topic of 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was downgraded by Seaport Global Securities on Friday, January 15 to “Neutral”. The stock of Columbus McKinnon Corp. (NASDAQ:CMCO) earned “Neutral” rating by Seaport Global Securities on Monday, January 18. As per Wednesday, July 29, the company rating was upgraded by Sidoti. The stock of Columbus McKinnon Corp. (NASDAQ:CMCO) has “Sell” rating given on Monday, September 21 by Zacks.

More recent Columbus McKinnon Corp. (NASDAQ:CMCO) news were published by: Bizjournals.com which released: “Magnetek to be purchased by Columbus McKinnon Corp. for $188.9 million” on July 27, 2015. Also Globenewswire.com published the news titled: “Columbus McKinnon Completes Acquisition of Magnetek” on September 02, 2015. Fool.com‘s news article titled: “Columbus McKinnon Corp. Hoists Itself Above Its Competitors” with publication date: February 19, 2014 was also an interesting one.

CMCO Company Profile

Columbus McKinnon Corporation, incorporated on October 23, 1929, is a global designer, maker and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. These products are typically manufactured for stock or assembled to order from standard components and are sold primarily through various commercial distributors and to a lesser extent, directly to end users. The diverse end users of its products are in various industries, including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, gas and oil exploration and refining, petrochemical, marine, ship building, transportation and heavy duty trucking, agriculture, logging and mining. It also serves entertainment industry, including permanent and traveling concerts, live theater and sporting venues.

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