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Columbus McKinnon Stock Price, News & Analysis (NASDAQ:CMCO)

$36.26
+0.10 (+0.28%)
(As of 12/8/2023 ET)
Compare
Today's Range
$35.91
$36.71
50-Day Range
$30.57
$36.58
52-Week Range
$30.05
$42.87
Volume
97,806 shs
Average Volume
93,708 shs
Market Capitalization
$1.04 billion
P/E Ratio
20.49
Dividend Yield
0.77%
Price Target
$48.00

Columbus McKinnon MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
32.4% 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
N/A
Insider Trading
N/A
Proj. Earnings Growth
14.97%
From $2.94 to $3.38 Per Share

Overall MarketRank

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

2.05 out of 5 stars

Industrial Products Sector

88th out of 139 stocks

Construction Machinery Industry

5th out of 6 stocks


CMCO stock logo

About Columbus McKinnon Stock (NASDAQ:CMCO)

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 Stock Price History

CMCO Stock News Headlines

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Q2 2024 Columbus McKinnon Corp Earnings Call
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See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Ex-Dividend for 11/20 Dividend
11/09/2023
Dividend Payable
11/20/2023
Today
12/08/2023
Next Earnings (Estimated)
2/07/2024
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 Target
$48.00
High Stock Price Target
$48.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+32.4%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$48.43 million
Pretax Margin
7.33%

Debt

Sales & Book Value

Annual Sales
$978.11 million
Cash Flow
$4.50 per share
Book Value
$29.15 per share

Miscellaneous

Free Float
28,316,000
Market Cap
$1.04 billion
Optionable
Optionable
Beta
1.31

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Key Executives















CMCO Stock Analysis - Frequently Asked Questions

What is Columbus McKinnon's stock price target for 2024?

0 Wall Street research analysts have issued 1-year target prices for Columbus McKinnon's stock. Their CMCO share price targets 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 32.4% 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 11.7% and is now trading at $36.26.
View the best growth stocks for 2023 here
.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 210,000 shares, an increase of 11.5% from the October 31st total of 188,300 shares. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.8% 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 Wednesday, February 7th 2024.
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, November, 1st. The industrial products company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. The industrial products company earned $258.40 million during the quarter, compared to analyst estimates of $255.06 million. Columbus McKinnon had a trailing twelve-month return on equity of 9.99% and a net margin of 5.22%. Columbus McKinnon's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 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 Sunday, October 22nd. Investors of record on Friday, November 10th will be paid a dividend of $0.07 per share on Monday, November 20th. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for CMCO
.

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 0.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 8.28% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

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?
Who are Columbus McKinnon's major shareholders?

Columbus McKinnon's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (4.29%), Allspring Global Investments Holdings LLC (3.39%), Lord Abbett & CO. LLC (3.22%), Victory Capital Management Inc. (2.78%), Neumeier Poma Investment Counsel LLC (1.78%) and Mirae Asset Global Investments Co. Ltd. (1.49%). 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.

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
This page (NASDAQ:CMCO) was last updated on 12/8/2023 by MarketBeat.com Staff

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