Van Den Berg Management I Inc. Raises Stake in Columbus McKinnon Corporation $CMCO

Van Den Berg Management I Inc. raised its position in Columbus McKinnon Corporation (NASDAQ:CMCO) by 16.7% in the fourth quarter, Holdings Channel reports. The fund owned 379,019 shares of the industrial products company’s stock after buying an additional 54,216 shares during the period. Columbus McKinnon makes up approximately 1.5% of Van Den Berg Management I Inc.’s portfolio, making the stock its 29th biggest holding. Van Den Berg Management I Inc.’s holdings in Columbus McKinnon were worth $6,538,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Columbus McKinnon by 48.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock valued at $30,000 after buying an additional 565 shares in the last quarter. Group One Trading LLC boosted its holdings in shares of Columbus McKinnon by 266.7% in the 3rd quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,600 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Columbus McKinnon by 66.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Columbus McKinnon by 267.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,893 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Columbus McKinnon by 41.4% in the 4th quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock valued at $54,000 after buying an additional 918 shares in the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Zacks Research upgraded shares of Columbus McKinnon from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. DA Davidson dropped their price objective on shares of Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Columbus McKinnon presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO opened at $13.92 on Wednesday. The stock has a fifty day moving average price of $15.00 and a 200 day moving average price of $17.05. Columbus McKinnon Corporation has a 1-year low of $11.99 and a 1-year high of $24.40. The company has a debt-to-equity ratio of 3.38, a current ratio of 2.02 and a quick ratio of 0.98. The company has a market cap of $401.31 million, a PE ratio of -2.54 and a beta of 1.38.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Thursday, June 4th. The industrial products company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). The firm had revenue of $437.83 million for the quarter, compared to analysts’ expectations of $419.57 million. Columbus McKinnon had a positive return on equity of 7.09% and a negative net margin of 19.23%.The firm’s quarterly revenue was up 77.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Columbus McKinnon has set its FY 2027 guidance at 1.700-1.900 EPS. Sell-side analysts forecast that Columbus McKinnon Corporation will post 1.73 EPS for the current year.

Columbus McKinnon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were given a dividend of $0.07 per share. The ex-dividend date was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. Columbus McKinnon’s dividend payout ratio is presently -5.11%.

Columbus McKinnon Company Profile

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.