DA Davidson Lowers Earnings Estimates for Columbus McKinnon

Key Points

• DA Davidson has reduced its FY2026 earnings per share estimate for Columbus McKinnon to $2.45, down from $2.52, while the consensus estimate stands at $2.69.
• Columbus McKinnon will pay a quarterly dividend of $0.07 per share on August 18th, with a 2.0% yield.
• Institutional investors own 95.96% of Columbus McKinnon's stock, with various hedge funds recently adjusting their stakes in the company.

Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) - Analysts at DA Davidson dropped their FY2026 earnings estimates for shares of Columbus McKinnon in a report issued on Monday, August 4th. DA Davidson analyst M. Summerville now expects that the industrial products company will post earnings per share of $2.45 for the year, down from their previous forecast of $2.52. The consensus estimate for Columbus McKinnon's current full-year earnings is $2.69 per share.

Columbus McKinnon Stock Down 2.3%

Shares of CMCO stock traded down $0.33 during trading hours on Wednesday, hitting $13.90. 257,684 shares of the company were exchanged, compared to its average volume of 457,061. The business has a 50 day moving average of $15.30 and a two-hundred day moving average of $17.89. Columbus McKinnon has a 52 week low of $11.78 and a 52 week high of $41.05. The company has a market capitalization of $399.35 million, a PE ratio of -25.74 and a beta of 1.29. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. The company had revenue of $235.92 million for the quarter, compared to analysts' expectations of $230.88 million.

Institutional Investors Weigh In On Columbus McKinnon

Several institutional investors and hedge funds have recently bought and sold shares of CMCO. Vaughan Nelson Investment Management L.P. boosted its position in shares of Columbus McKinnon by 37.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 975,355 shares of the industrial products company's stock worth $16,513,000 after purchasing an additional 266,020 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Columbus McKinnon by 207.9% in the 4th quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company's stock worth $16,952,000 after purchasing an additional 307,355 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Columbus McKinnon by 3,033.1% in the first quarter. GAMMA Investing LLC now owns 3,979 shares of the industrial products company's stock worth $67,000 after buying an additional 3,852 shares during the period. Legato Capital Management LLC grew its holdings in Columbus McKinnon by 38.7% in the 1st quarter. Legato Capital Management LLC now owns 75,322 shares of the industrial products company's stock worth $1,275,000 after acquiring an additional 21,028 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Columbus McKinnon during the 1st quarter valued at about $833,000. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Friday, August 8th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, August 8th. Columbus McKinnon's payout ratio is -51.85%.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.