Columbus McKinnon Corporation (NASDAQ:CMCO) has earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $37.00.

Several research firms have commented on CMCO. Roth Capital raised their target price on shares of Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd.

Columbus McKinnon (NASDAQ CMCO) opened at $40.00 on Thursday. The company has a market cap of $924.31, a PE ratio of 23.92 and a beta of 1.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.18 and a current ratio of 1.96. Columbus McKinnon has a 52 week low of $22.88 and a 52 week high of $41.49.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, October 31st. The industrial products company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. Columbus McKinnon’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. equities research analysts forecast that Columbus McKinnon will post 1.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.16 annualized dividend and a dividend yield of 0.40%. Columbus McKinnon’s dividend payout ratio is currently 18.82%.

In other news, VP Alan S. Korman sold 2,500 shares of Columbus McKinnon stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $32.93, for a total value of $82,325.00. Following the transaction, the vice president now owns 13,121 shares of the company’s stock, valued at approximately $432,074.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gene P. Buer sold 30,529 shares of Columbus McKinnon 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 completion of the transaction, the vice president now directly owns 17,136 shares in the company, valued at approximately $651,168. The disclosure for this sale can be found here. Insiders sold a total of 36,935 shares of company stock worth $1,398,511 in the last ninety days. Corporate insiders own 3.91% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of 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 worth $66,309,000 after purchasing an additional 118,139 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Columbus McKinnon by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,445,148 shares of the industrial products company’s stock worth $54,728,000 after purchasing an additional 71,980 shares during the last quarter. Macquarie Group Ltd. grew its stake 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 during the last quarter. Vanguard Group Inc. grew its stake in shares of Columbus McKinnon by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 820,712 shares of the industrial products company’s stock worth $20,863,000 after purchasing an additional 41,410 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Columbus McKinnon by 8.7% in the 2nd quarter. Northern Trust Corp now owns 495,033 shares of the industrial products company’s stock worth $12,585,000 after purchasing an additional 39,578 shares during the last quarter. 85.14% of the stock is currently owned by institutional investors.

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Columbus McKinnon Company Profile

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