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BABA   86.69 (+2.71%)
AMD   124.23 (+5.34%)
T   15.66 (+1.75%)
F   12.93 (+2.70%)
MU   67.54 (-0.34%)
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NASDAQ:CMCO

Columbus McKinnon (CMCO) Stock Forecast, Price & News

$40.20
+1.71 (+4.44%)
(As of 06/6/2023 ET)
Compare
Today's Range
$38.48
$40.51
50-Day Range
$33.22
$39.18
52-Week Range
$23.54
$40.51
Volume
139,803 shs
Average Volume
94,265 shs
Market Capitalization
$1.15 billion
P/E Ratio
23.93
Dividend Yield
0.70%
Price Target
$44.00

Columbus McKinnon MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.5% Upside
$44.00 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Columbus McKinnon in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.27%
From $2.94 to $3.33 Per Share

Overall MarketRank

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

2.15 out of 5 stars

Industrial Products Sector

83rd out of 178 stocks

Construction Machinery Industry

3rd out of 6 stocks


CMCO stock logo

About Columbus McKinnon (NASDAQ:CMCO) Stock

Columbus McKinnon Corp. engages in the design, manufacture, and marketing of material handling products and systems. Its products include hoists, chain and rigging tools, digital power control and delivery systems, actuators and rotary unions, industrial cranes, and elevator application drive systems which are distributed through STAHL, Herc-Alloy, Magnetek, Duff-Norton, Pfaff, and other brands. The company was founded in 1875 and is headquartered in Buffalo, NY.

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CMCO Stock News Headlines

3 Stable Stocks to Buy for Safe Returns
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Columbus Mckinnon (CMCO) Receives a Buy from D.A. Davidson
Q4 2023 Columbus McKinnon Corp Earnings Call
Columbus McKinnon (CMCO) to Release Earnings on Thursday
Columbus McKinnon Stock: Looking Attractive
8-K: COLUMBUS MCKINNON CORP
See More Headlines

CMCO Price History

CMCO Company Calendar

Ex-Dividend for 5/15 Dividend
5/04/2023
Dividend Payable
5/15/2023
Last Earnings
5/25/2023
Today
6/06/2023
Next Earnings (Estimated)
7/27/2023
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
$44.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+12.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$48.43 million
Pretax Margin
7.95%

Debt

Sales & Book Value

Annual Sales
$936.24 million
Cash Flow
$4.48 per share
Book Value
$29.15 per share

Miscellaneous

Free Float
28,172,000
Market Cap
$1.12 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives

  • David J. Wilson
    President, Chief Executive Officer & Director
  • Gregory P. RustowiczGregory P. Rustowicz
    Chief Financial Officer, Treasurer & EVP-Finance
  • Adrienne Williams
    Chief Human Resources Officer & Senior VP
  • Mark R. ParadowskiMark R. Paradowski
    Vice President-Information Services
  • Bert A. Brant
    Vice President-Global Manufacturing Operations













CMCO Stock - Frequently Asked Questions

Should I buy or sell Columbus McKinnon stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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?

2 Wall Street analysts have issued twelve-month price objectives for Columbus McKinnon's shares. Their CMCO share price forecasts range from $40.00 to $48.00. On average, they predict the company's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 12.4% 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 beginning of 2023. Since then, CMCO stock has increased by 20.6% and is now trading at $39.15.
View the best growth stocks for 2023 here
.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 302,300 shares, a drop of 9.8% from the April 30th total of 335,000 shares. Based on an average trading volume of 88,600 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.1% of the company's shares are short sold.
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, July 27th 2023.
View our CMCO earnings forecast
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) released its quarterly earnings data on Thursday, May, 25th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.06. The industrial products company earned $253.80 million during the quarter, compared to analysts' expectations of $249.79 million. Columbus McKinnon had a trailing twelve-month return on equity of 10.56% and a net margin of 5.17%. The company's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share.

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

Columbus McKinnon declared a quarterly dividend on Monday, March 20th. Shareholders of record on Friday, May 5th will be paid a dividend of $0.07 per share on Monday, May 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for CMCO
.

What ETFs hold Columbus McKinnon's stock?
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 0.71%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 8.41% 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 first quarter 2024 earnings guidance on Tuesday, May, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $235.00 million-$240.00 million, compared to the consensus revenue estimate of $230.82 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 retail and institutional investors. Top institutional shareholders include Providence Capital Advisors LLC (14.61%), BlackRock Inc. (7.92%), Franklin Resources Inc. (6.51%), Dimensional Fund Advisors LP (6.26%), Macquarie Group Ltd. (5.38%) and Macquarie Group Ltd. (5.37%). 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 $39.15.

How much money does Columbus McKinnon make?

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $1.12 billion and generates $936.24 million in revenue each year. The industrial products company earns $48.43 million in net income (profit) each year or $1.68 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 6/6/2023 by MarketBeat.com Staff

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