Franklin Mutual Advisers Holds 13% Stake in Columbus McKinnon

TL;DR

**Franklin Mutual Advisers just disclosed a 13% stake in Columbus McKinnon, making them a major player.**

AI Summary

Franklin Mutual Advisers, LLC, a Delaware-based investment adviser, reported beneficial ownership of 4,000,000 shares of Columbus McKinnon Corporation's common stock as of December 31, 2023. This represents 13.0% of the company's outstanding shares, giving Franklin Mutual Advisers significant voting power. This matters to investors because a large institutional holder like Franklin Mutual Advisers can influence corporate decisions and potentially signal confidence or concern in the company's future.

Why It Matters

A 13% stake gives Franklin Mutual Advisers substantial influence over Columbus McKinnon's strategic direction and shareholder votes, which could impact the stock's performance.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally adds stability and oversight to a company.

Analyst Insight

Smart investors should monitor future filings from Franklin Mutual Advisers, LLC regarding Columbus McKinnon Corporation to gauge any changes in their investment thesis, as a significant change in their 13.0% stake could signal a shift in sentiment.

Key Numbers

• 4,000,000 — Shares Beneficially Owned (Represents the total number of common stock shares of Columbus McKinnon Corporation held by Franklin Mutual Advisers, LLC.)
• 13.0% — Percentage of Class (Indicates the significant ownership stake Franklin Mutual Advisers, LLC has in Columbus McKinnon Corporation, giving them considerable influence.)
• December 31, 2023 — Date of Event (The specific date on which Franklin Mutual Advisers, LLC's ownership triggered the requirement for this SC 13G filing.)

Key Players & Entities

• Franklin Mutual Advisers, LLC (company) — reporting person and beneficial owner
• Columbus McKinnon Corporation (company) — issuer of the securities
• Delaware (company) — place of organization for Franklin Mutual Advisers, LLC
• December 31, 2023 (date) — date of event requiring the filing
• 4,000,000 (dollar_amount) — number of shares beneficially owned
• 13.0% (dollar_amount) — percentage of class beneficially owned

Forward-Looking Statements

• Franklin Mutual Advisers, LLC will likely maintain its significant stake in Columbus McKinnon Corporation for the foreseeable future. (Franklin Mutual Advisers, LLC) — medium confidence, target: December 31, 2024
• Columbus McKinnon Corporation's stock price may experience increased stability due to the presence of a large institutional investor. (Columbus McKinnon Corporation) — low confidence, target: June 30, 2024

FAQ

Key Financial Figures

• $0.01 — tion (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o

Filing Documents

• colu23in.htm (SC 13G) — 107KB
• 0001023875-24-000010.txt ( ) — 109KB

If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c),

Item 3. If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 8o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a 8). (e) [X] An investment adviser in accordance with 240.13d1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a3); (j) [ ] A nonU.S. institution in accordance with 240.13d1(b)(ii)(J); (k) [ ] Group, in accordance with 240.13d1(b)(1)(ii)(K). If filing as a nonU.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution CUSIP NO. 199333105 13G Page 5 of 8

Ownership

Item 4. Ownership The securities reported herein are beneficially owned by one or more openend investment companies or other managed accounts that are investment management clients of Franklin Mutual Advisers, LLC ("FMA"), an indirect wholly owned subsidiary of Franklin Resources, Inc. ("FRI"). When an investment management contract (including a subadvisory agreement) delegates to FMA investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, FRI treats FMA as having sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, FMA reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such investment management agreement, unless otherwise noted in this Item 4. As a result for purposes of Rule 13d3 under the Act, FMA may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. Beneficial ownership by investment management subsidiaries and other affiliates of FRI is being reported in conformity with the guidelines articulated by the SEC staff in Release No. 3439538 (January 12, 1998) relating to organizations, such as FRI, where related entities exercise voting and investment powers over the securities being reported independently from each other. The voting and investment powers held by FMA are exercised independently from FRI (FMA's parent holding company) and from all other investment management subsidiaries of FRI (FRI, its affiliates and investment management subsidiaries other than FMA are, collectively, "FRI affiliates"). Furthermore, internal policies and procedures of FMA and FRI affiliates establish informational barriers that prevent the flow between FMA and the FRI affiliates of information that relates to the voting and investment powers over the securities owned by their respective

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person The clients of Franklin Mutual Advisers, LLC, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, the securities reported herein. Franklin Small Cap Value Fund, a series of Franklin Value Investors Trust, an investment company registered under the Investment Company Act of 1940, has an interest in 1,663,598 shares, or 5.8%, of the class of securities reported herein.

Identification and Classification of the Subsidiary Which Acquired the

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not Applicable

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not Applicable CUSIP NO. 199333105 13G Page 7 of 8

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a11. Exhibits: Exhibit A Joint Filing Agreement SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 23, 2024 Franklin Mutual Advisers, LLC By: /s/VIRGINIA E. ROSAS Virginia E. Rosas Secretary of Franklin Mutual Advisers, LLC Franklin Value Investors Trust on behalf of Franklin Small Cap Value Fund By: /s/ALISON E. BAUR Alison E. Baur Vice President and Assistant Secretary of Franklin Value Investors Trust CUSIP NO. 199333105 13G Page 8 of 8 EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other of the attached IN WITNESS WHEREOF, the undersigned have executed this agreement on January 23, 2024. Franklin Mutual Advisers, LLC By: /s/VIRGINIA E. ROSAS Virginia E. Rosas Secretary of Franklin Mutual Advisers, LLC Franklin Value Investors Trust on behalf of Franklin Small Cap Value Fund By: /s/ALISON E. BAUR Alison E. Baur Vice President and Assistant Secretary of Franklin Value Investors Trust

View Full Filing

View this SC 13G filing on SEC EDGAR