S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
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The single greatest medical breakthrough of all time? (Ad)
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The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The single greatest medical breakthrough of all time? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
The single greatest medical breakthrough of all time? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The single greatest medical breakthrough of all time? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
The single greatest medical breakthrough of all time? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
The single greatest medical breakthrough of all time? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
The single greatest medical breakthrough of all time? (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

Columbus McKinnon Co. (NASDAQ:CMCO) Given Average Rating of "Moderate Buy" by Brokerages

Columbus McKinnon Co. (NASDAQ:CMCO - Get Rating) has earned a consensus rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.00.

A number of brokerages have weighed in on CMCO. Barrington Research cut their price target on shares of Columbus McKinnon from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Thursday, July 28th. DA Davidson cut their price objective on shares of Columbus McKinnon from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, October 4th. Finally, StockNews.com upgraded shares of Columbus McKinnon from a "hold" rating to a "buy" rating in a report on Monday, November 14th.

Columbus McKinnon Trading Up 0.5 %

Shares of Columbus McKinnon stock opened at $31.38 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $898.41 million, a P/E ratio of 20.51 and a beta of 1.26. Columbus McKinnon has a 12-month low of $23.54 and a 12-month high of $51.08. The company has a 50-day simple moving average of $27.85 and a 200 day simple moving average of $30.23.

Columbus McKinnon Announces Dividend


The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, November 4th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.28 annualized dividend and a yield of 0.89%. Columbus McKinnon's payout ratio is currently 18.30%.

Hedge Funds Weigh In On Columbus McKinnon

Several hedge funds have recently made changes to their positions in the business. M&T Bank Corp bought a new stake in Columbus McKinnon in the third quarter worth $230,000. BNP Paribas Arbitrage SNC grew its position in shares of Columbus McKinnon by 49.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 14,429 shares of the industrial products company's stock worth $377,000 after purchasing an additional 4,755 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Columbus McKinnon by 3.3% during the third quarter. Alliancebernstein L.P. now owns 25,100 shares of the industrial products company's stock worth $657,000 after purchasing an additional 800 shares in the last quarter. State Street Corp grew its position in shares of Columbus McKinnon by 0.7% during the third quarter. State Street Corp now owns 571,928 shares of the industrial products company's stock worth $14,962,000 after purchasing an additional 3,868 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Columbus McKinnon by 17.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,081 shares of the industrial products company's stock valued at $1,729,000 after buying an additional 9,918 shares in the last quarter. 96.85% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Company Profile

(Get Rating)

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators.

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