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NASDAQ:CMCO

Columbus McKinnon (CMCO) Stock Forecast, Price & News

$34.90
+0.76 (+2.23%)
(As of 04:00 PM ET)
Compare
Today's Range
$33.56
$35.16
50-Day Range
$34.14
$42.86
52-Week Range
$23.54
$42.87
Volume
69,528 shs
Average Volume
91,578 shs
Market Capitalization
$1.00 billion
P/E Ratio
20.41
Dividend Yield
0.80%
Price Target
$48.00

Columbus McKinnon MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
38.4% Upside
$48.00 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.42mentions of Columbus McKinnon in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.67%
From $2.82 to $3.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.98 out of 5 stars

Industrial Products Sector

26th out of 178 stocks

Construction Machinery Industry

1st out of 6 stocks


CMCO stock logo

About Columbus McKinnon (NASDAQ:CMCO) Stock

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles. The company also provides power and motion technology products, including linear motion products, elevator and mining drives, automation and diagnostics, brakes, radio controls, cable and festoon systems, collision avoidance systems, AC line regenerative systems, AC and DC motor control systems, conductor bar systems, inverter duty motors, pendant pushbutton stations, and wind inverters. In addition, it offers flexible chain, industrial belt, and sanitary stainless-steel conveyors, as well as pallet system conveyors and accumulation systems, and parts and belts; rotary unions and swivel joints; and rail technology products. The company serves various market verticals, including the manufacturing, transportation, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing. It offers its products to end users directly, as well as through distributors, independent crane builders, material handling specialists and integrators, original equipment manufacturers, government agencies, and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Buffalo, New York.

CMCO Price History

CMCO Stock News Headlines

Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
3 Stable Stocks to Buy for Safe Returns
Columbus Mckinnon (CMCO) Receives a Buy from D.A. Davidson
Q4 2023 Columbus McKinnon Corp Earnings Call
Columbus McKinnon Stock: Looking Attractive
8-K: COLUMBUS MCKINNON CORP
See More Headlines
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CMCO Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/21 Dividend
8/10/2023
Dividend Payable
8/21/2023
Today
9/27/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:CMCO
CUSIP
19933310
Employees
3,392
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$48.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+38.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$48.43 million
Pretax Margin
7.34%

Debt

Sales & Book Value

Annual Sales
$936.24 million
Cash Flow
$4.53 per share
Book Value
$29.15 per share

Miscellaneous

Free Float
28,302,000
Market Cap
$994.57 million
Optionable
Optionable
Beta
1.26

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Key Executives

  • Mr. David J. Wilson (Age 54)
    Pres, CEO & Director
    Comp: $2.17M
  • Mr. Gregory P. RustowiczMr. Gregory P. Rustowicz (Age 63)
    Exec. VP of Fin., CFO & Treasurer
    Comp: $1.15M
  • Mr. Bert A. Brant (Age 62)
    Sr. VP of Global Operations
    Comp: $642.14k
  • Mr. Alan S. Korman (Age 62)
    Sr. VP of Corp. Devel., Gen. Counsel & Sec.
    Comp: $690.29k
  • Mr. Terrence Jon Schadeberg (Age 59)
    Pres of Americas
    Comp: $714.61k
  • Mr. Mario Y. Ramos Lara (Age 50)
    Sr. VP of Global Product Devel. & Marketing
  • Ms. Adrienne M. Williams (Age 47)
    Sr. VP & Chief HR Officer
  • Mr. Mark R. ParadowskiMr. Mark R. Paradowski (Age 53)
    Sr. VP of Information Services & Chief Digital Officer
  • Mr. Appal S.K. Chintapalli (Age 48)
    Pres of EMEA & APAC













CMCO Stock - Frequently Asked Questions

Should I buy or sell Columbus McKinnon stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMCO shares.
View CMCO analyst ratings
or view top-rated stocks.

What is Columbus McKinnon's stock price forecast for 2023?

1 brokerages have issued 1 year price objectives for Columbus McKinnon's stock. Their CMCO share price forecasts range from $48.00 to $48.00. On average, they predict the company's share price to reach $48.00 in the next year. This suggests a possible upside of 38.6% from the stock's current price.
View analysts price targets for CMCO
or view top-rated stocks among Wall Street analysts.

How have CMCO shares performed in 2023?

Columbus McKinnon's stock was trading at $32.47 at the start of the year. Since then, CMCO stock has increased by 6.7% and is now trading at $34.63.
View the best growth stocks for 2023 here
.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a decrease in short interest in September. As of September 15th, there was short interest totaling 209,600 shares, a decrease of 5.5% from the August 31st total of 221,800 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the shares of the stock are sold short.
View Columbus McKinnon's Short Interest
.

When is Columbus McKinnon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CMCO earnings forecast
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) issued its quarterly earnings results on Wednesday, August, 2nd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.01. The industrial products company earned $235.50 million during the quarter, compared to the consensus estimate of $236.77 million. Columbus McKinnon had a net margin of 5.18% and a trailing twelve-month return on equity of 10.08%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS.

How often does Columbus McKinnon pay dividends? What is the dividend yield for Columbus McKinnon?

Columbus McKinnon announced a quarterly dividend on Sunday, July 23rd. Investors of record on Friday, August 11th will be given a dividend of $0.07 per share on Monday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 10th.
Read our dividend analysis for CMCO
.

What ETF holds Columbus McKinnon's stock ?

iShares Micro-Cap ETF holds 64,515 shares of CMCO stock, representing 0.29% of its portfolio.

Is Columbus McKinnon a good dividend stock?

Columbus McKinnon (NASDAQ:CMCO) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 8.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMCO.

What guidance has Columbus McKinnon issued on next quarter's earnings?

Columbus McKinnon updated its second quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $250.00 million-$260.00 million, compared to the consensus revenue estimate of $251.23 million.

What is David J. Wilson's approval rating as Columbus McKinnon's CEO?

16 employees have rated Columbus McKinnon Chief Executive Officer David J. Wilson on Glassdoor.com. David J. Wilson has an approval rating of 50% among the company's employees. This puts David J. Wilson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 35.0% of employees surveyed would recommend working at Columbus McKinnon to a friend.

What other stocks do shareholders of Columbus McKinnon own?
What is Columbus McKinnon's stock symbol?

Columbus McKinnon trades on the NASDAQ under the ticker symbol "CMCO."

Who are Columbus McKinnon's major shareholders?

Columbus McKinnon's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (8.40%), BlackRock Inc. (7.81%), Dimensional Fund Advisors LP (6.27%), Allspring Global Investments Holdings LLC (3.42%), Allspring Global Investments Holdings LLC (3.42%) and Victory Capital Management Inc. (3.38%). Insiders that own company stock include Gregory P Rustowicz, Kurt F Wozniak, Kurt F Wozniak, Mark R Paradowski and Peter M Mccormick.
View institutional ownership trends
.

How do I buy shares of Columbus McKinnon?

Shares of CMCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Columbus McKinnon's stock price today?

One share of CMCO stock can currently be purchased for approximately $34.63.

How much money does Columbus McKinnon make?

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $994.57 million and generates $936.24 million in revenue each year. The industrial products company earns $48.43 million in net income (profit) each year or $1.71 on an earnings per share basis.

How many employees does Columbus McKinnon have?

The company employs 3,392 workers across the globe.

Does Columbus McKinnon have any subsidiaries?
The following companies are subsidiares of Columbus McKinnon: Abell-Howe, CM Insurance Company Inc., CMCO Material Handling, Columbus McKinnon, Columbus McKinnon Asia Pacific Ltd., Columbus McKinnon Asia Pacific Pte. Ltd., Columbus McKinnon Austria GmbH, Columbus McKinnon Benelux B.V., Columbus McKinnon Corporation Ltd., Columbus McKinnon Dutch Holdings 3 B.V., Columbus McKinnon EMEA GmbH, Columbus McKinnon Engineered Products GmbH, Columbus McKinnon France S.a.r.l., Columbus McKinnon Hungary Finance Kft., Columbus McKinnon Hungary Holdings Kft., Columbus McKinnon Hungary Kft., Columbus McKinnon Ibérica S.L.U., Columbus McKinnon Industrial Products Co. Ltd., Columbus McKinnon Industrial Products GmbH, Columbus McKinnon Ireland Ltd., Columbus McKinnon Italia S.r.l., Columbus McKinnon Latin America B.V., Columbus McKinnon Limited, Columbus McKinnon Maghreb S.a.r.l AAU, Columbus McKinnon Polska Sp.z.o.o, Columbus McKinnon Russia LLC, Columbus McKinnon Singapore Pte. Ltd., Columbus McKinnon Switzerland AG, Columbus McKinnon de Mexico S.A. de C.V., Columbus McKinnon de Panama S.A., Columbus McKinnon de Uruguay S.A., Columbus McKinnon do Brazil Ltda., Dorner Mfg Corp, Eastern Morris Cranes Company Limited, Ergomatic Products LLC, Ferromet al Limitada, Garvey Corporation, Hebetechnik Gesellschaft GmbH, Lister Bolt and Chain, Magnetek (UK) Limited, Magnetek Inc., Magnetek National Electric Coil Inc., Morris Middle East Ltd., Pfaff Beteiligungs GmbH, STAHL CraneSystems GmbH, STAHL Cranesystems FZE, STAHL Cranesystems Inc., STAHL Cranesystems India Private Ltd., STAHL Cranesystems Shanghai Co. Ltd., Société d’Exploitation des Raccords Gautier, Stahl Cranesystems Ltd., Stahlhammer Bommern GmbH, Unified Industries Inc., Verkehrstechnik Gmbh, Washington Equipment Co., Yale Engineering Products, Yale Industrial Products Inc., Yale Lifting Solutions, Yale Lifting Solutions (Pty.), Yale Lifting Solutions Industrial, and Yale Lifting Solutions Industrial (Pty.).
Read More
How can I contact Columbus McKinnon?

Columbus McKinnon's mailing address is 205 CROSSPOINT PARKWAY, GETZVILLE NY, 14068. The official website for the company is www.cmworks.com. The industrial products company can be reached via phone at (716) 689-5400, via email at ir@cmworks.com, or via fax at 716-689-5644.

This page (NASDAQ:CMCO) was last updated on 9/27/2023 by MarketBeat.com Staff

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