Columbus Mckinnon Corp (CMCO US, +1, 05-Nov-24)

David Wilson (Chief Executive Officer since 2020) purchased US$ 1 million worth of stock on November 1st at $32.02, increasing his holding by 24%. This is his first purchase despite a reasonable term with the company. It’s interesting to see him buying now in size. There is no requirement to buy stock to meet ownership guidelines, just to retain 50% of equity compensation until reaches 5x salary. 

Wilson serves on the Board of Directors of Modine Manufacturing Company (NYSE: MOD) and the National Association of Manufacturers. Moreover, this is the first meaningful purchase by any insider since February 2012. The company reported earnings on October 30th. 

We are ranking the stock +1 (strongly positive).