Columbus McKinnon (NASDAQ:CMCO – Free Report) had its target price increased by JPMorgan Chase & Co. from $29.00 to $30.00 in a research note released on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the industrial products company’s stock.
A number of other research firms have also recently commented on CMCO. Zacks Research cut shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Columbus McKinnon in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.50.
Check Out Our Latest Research Report on CMCO
Columbus McKinnon Price Performance
CMCO opened at $18.59 on Wednesday. The business has a fifty day moving average of $16.29 and a 200 day moving average of $16.52. The stock has a market cap of $536.51 million, a P/E ratio of -2.22 and a beta of 1.49. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 3.95. Columbus McKinnon has a 52-week low of $11.99 and a 52-week high of $24.40.
Columbus McKinnon (NASDAQ:CMCO – Get Free Report) last released its earnings results on Tuesday, November 3rd. The industrial products company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.23. Columbus McKinnon had a positive return on equity of 12.57% and a negative net margin of 19.61%. The business had revenue of $539.29 million for the quarter, compared to analyst estimates of $518.65 million. During the same quarter last year, the firm posted $0.62 earnings per share. The business’s revenue was up 106.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Columbus McKinnon will post 2.00 EPS for the current year.
Columbus McKinnon Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, November 6th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Columbus McKinnon’s dividend payout ratio is -3.75%.
Insider Transactions at Columbus McKinnon
In other Columbus McKinnon news, Director Christopher Stephens bought 2,750 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $17.14 per share, with a total value of $47,135.00. Following the transaction, the director owned 22,317 shares of the company’s stock, valued at approximately $382,513.38. This trade represents a 14.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.09% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Columbus McKinnon
Hedge funds have recently modified their holdings of the business. Sei Investments Co. raised its holdings in Columbus McKinnon by 89.5% in the first quarter. Sei Investments Co. now owns 186,969 shares of the industrial products company’s stock worth $2,717,000 after purchasing an additional 88,285 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Columbus McKinnon in the 2nd quarter valued at about $37,183,000. Bank of America Corp DE bought a new stake in shares of Columbus McKinnon in the 2nd quarter valued at about $1,205,000. Stanley Capital Management LLC bought a new stake in shares of Columbus McKinnon in the 2nd quarter valued at about $12,936,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Columbus McKinnon in the 2nd quarter valued at about $1,158,000. Hedge funds and other institutional investors own 95.96% of the company’s stock.
Columbus McKinnon News Summary
Here are the key news stories impacting Columbus McKinnon this week:
- Positive Sentiment: Fiscal 2027 Q2 adjusted earnings were $0.61 per share, ahead of consensus estimates of roughly $0.37–$0.38, while revenue of $539.3 million also beat expectations. Sales more than doubled year over year, largely reflecting the Kito Crosby acquisition, with growth at both the legacy business and Kito Crosby. Company earnings release
- Positive Sentiment: CMCO raised its FY2027 guidance for net sales, adjusted EBITDA and adjusted EPS. Management said Kito Crosby integration synergies are being realized ahead of plan; a 1.0x book-to-bill ratio also indicates orders are converting to revenue at a steady pace. Company earnings release
- Positive Sentiment: JPMorgan raised its price target from $29 to $30 and maintained an Overweight rating, signaling continued analyst confidence. JPMorgan ratings
- Positive Sentiment: Shares moved above their 200-day moving average, a potentially favorable technical signal. Article on CMCO’s 200-day moving average
- Negative Sentiment: Despite the earnings beat, quarterly EPS was slightly below the $0.62 reported a year earlier, a modest year-over-year headwind.
Columbus McKinnon Company Profile
Columbus McKinnon Corporation is a global manufacturer of intelligent motion solutions and lifting equipment. The company designs and supplies products used to move, lift, position and secure materials in industrial, commercial and infrastructure applications.
Its product portfolio includes electric and manual hoists, overhead cranes, winches, actuators, rigging equipment, load-positioning systems, crane controls and safety systems. Columbus McKinnon also offers automation technologies and software intended to improve the efficiency, safety and control of material-handling operations.
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