Columbus McKinnon (NASDAQ:CMCO) Price Target Raised to $29.00 at JPMorgan Chase & Co.

Columbus McKinnon (NASDAQ:CMCO) had its target price raised by JPMorgan Chase & Co. from $25.00 to $29.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an overweight rating on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings cut Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Zacks Research lowered Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Wall Street Zen cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, DA Davidson reduced their target price on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

Columbus McKinnon Stock Down 7.3%

CMCO opened at $19.17 on Friday. The company has a fifty day moving average of $14.66 and a two-hundred day moving average of $16.39. The stock has a market capitalization of $552.67 million, a price-to-earnings ratio of -2.57 and a beta of 1.39. Columbus McKinnon has a fifty-two week low of $11.99 and a fifty-two week high of $24.40. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.98 and a current ratio of 2.02.

Columbus McKinnon (NASDAQ:CMCO) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Columbus McKinnon had a negative net margin of 21.25% and a positive return on equity of 9.21%. The business had revenue of $531.46 million for the quarter, compared to analyst estimates of $501.27 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 125.3% on a year-over-year basis. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. On average, research analysts expect that Columbus McKinnon will post 1.73 earnings per share for the current year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Columbus McKinnon’s dividend payout ratio is presently -5.11%.

Institutional Investors Weigh In On Columbus McKinnon

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMCO. Signaturefd LLC grew its stake in shares of Columbus McKinnon by 18.1% in the 4th quarter. Signaturefd LLC now owns 3,554 shares of the industrial products company’s stock valued at $61,000 after buying an additional 545 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Columbus McKinnon by 48.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock worth $30,000 after buying an additional 565 shares during the period. Pacific Ridge Capital Partners LLC grew its position in Columbus McKinnon by 4.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 20,040 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 850 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Columbus McKinnon by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 852 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Columbus McKinnon by 41.4% in the fourth quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 918 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Key Stories Impacting Columbus McKinnon

Here are the key news stories impacting Columbus McKinnon this week:

• Positive Sentiment: JPMorgan raised its price target on Columbus McKinnon to $29 from $25 and upgraded or reaffirmed an “overweight” rating, implying substantial upside from recent levels. The call reflects increased confidence in the company’s earnings potential following the quarter’s results. Benzinga analyst action
• Positive Sentiment: Fiscal Q1 revenue and adjusted earnings exceeded expectations. Columbus McKinnon reported revenue of $531.5 million, up 125% year over year and ahead of the $501.3 million consensus estimate. Adjusted EPS was $0.61, versus expectations of $0.28 and $0.50 a year earlier. Q1 earnings and revenues
• Positive Sentiment: Demand and the Kito Crosby acquisition supported growth. Orders increased 120% to $568.1 million, producing a 1.1x book-to-bill ratio. Management said integration and synergy capture remain on track, while cash flow and margins improved. Columbus McKinnon Q1 results
• Positive Sentiment: Fiscal 2027 guidance was increased. The company projects adjusted EPS of $1.90-$2.10 and revenue of approximately $2.09-$2.15 billion, with the EPS outlook above the roughly $1.76 analyst consensus.
• Neutral Sentiment: The stock’s retreat follows a gain of more than 40% after the earnings release, suggesting some profit-taking as investors reassess valuation and execution expectations.
• Negative Sentiment: GAAP results remained weak. Columbus McKinnon posted an $88.7 million net loss, or $2.05 per diluted share, including $70.3 million in acquisition and integration costs. The company must continue converting acquisition-driven revenue growth into sustainable profitability.

About Columbus McKinnon

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.