Columbus McKinnon (NASDAQ:CMCO) had its price target boosted by analysts at Roth Capital from $41.00 to $50.00 in a report issued on Monday. The firm currently has a “buy” rating on the industrial products company’s stock. Roth Capital’s price target would indicate a potential upside of 16.52% from the stock’s current price.
A number of other research analysts also recently issued reports on CMCO. Zacks Investment Research downgraded Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded Columbus McKinnon from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, Seaport Global Securities restated a “buy” rating and set a $50.00 price target on shares of Columbus McKinnon in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.25.
Columbus McKinnon (NASDAQ:CMCO) opened at $42.91 on Monday. The company has a market capitalization of $986.86, a PE ratio of 50.48 and a beta of 1.91. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 0.89. Columbus McKinnon has a twelve month low of $22.88 and a twelve month high of $43.69.
Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The company’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. research analysts expect that Columbus McKinnon will post 1.95 EPS for the current year.
In other Columbus McKinnon news, VP Gene P. Buer sold 30,529 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $38.00, for a total transaction of $1,160,102.00. Following the transaction, the vice president now owns 17,136 shares in the company, valued at approximately $651,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Alan S. Korman sold 1,558 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $40.10, for a total value of $62,475.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,754 shares of company stock worth $1,408,020. 3.91% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. boosted its position in shares of Columbus McKinnon by 14.6% in the 3rd quarter. Macquarie Group Ltd. now owns 974,628 shares of the industrial products company’s stock worth $36,909,000 after purchasing an additional 124,442 shares in the last quarter. Royal Bank of Canada lifted its position in Columbus McKinnon by 4.7% in the 2nd quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock valued at $66,309,000 after acquiring an additional 118,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Columbus McKinnon by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock valued at $34,906,000 after acquiring an additional 108,359 shares in the last quarter. EAM Investors LLC bought a new position in Columbus McKinnon in the 2nd quarter valued at approximately $2,490,000. Finally, Skylands Capital LLC bought a new position in Columbus McKinnon in the 3rd quarter valued at approximately $3,492,000. Hedge funds and other institutional investors own 85.08% of the company’s stock.
Columbus McKinnon Company Profile
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