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Critical asset just had biggest fall on record (Ad)
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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Detecting Cancer in Mere Seconds: Early Investment Opportunity (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Detecting Cancer in Mere Seconds: Early Investment Opportunity (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Detecting Cancer in Mere Seconds: Early Investment Opportunity (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: World markets are lower after China unveils 5% economic growth target for 2024
Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NASDAQ:CMCO

Columbus McKinnon (CMCO) Stock Price, News & Analysis

$41.65
-0.58 (-1.37%)
(As of 03/4/2024 ET)
Today's Range
$41.65
$42.71
50-Day Range
$35.79
$43.94
52-Week Range
$30.29
$44.08
Volume
135,554 shs
Average Volume
183,947 shs
Market Capitalization
$1.20 billion
P/E Ratio
24.64
Dividend Yield
0.67%
Price Target
$50.00

Columbus McKinnon MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.0% Upside
$50.00 Price Target
Short Interest
Healthy
1.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.00mentions of Columbus McKinnon in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$741,297 Sold Last Quarter
Proj. Earnings Growth
14.24%
From $2.95 to $3.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.32 out of 5 stars

Industrial Products Sector

82nd out of 175 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

Columbus McKinnon (NASDAQ:CMCO) Downgraded by StockNews.com
CMCO Mar 2024 40.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Columbus McKinnon Corporation (VC3.F)
CMCO Jun 2024 40.000 call
Q3 2024 Columbus McKinnon Corp Earnings Call
Columbus McKinnon Q3 Profit Beats Estimates; Net Sales Up 10.3%
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Columbus McKinnon's Earnings Outlook
Top 3 Industrial Stocks for January 2024 Growth
Columbus McKinnon Corp CMCO
Q2 2024 Columbus McKinnon Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
1/31/2024
Ex-Dividend for 2/20 Dividend
2/08/2024
Dividend Payable
2/20/2024
Today
3/04/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
5/23/2024

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
$50.00
High Stock Price Target
$50.00
Low Stock Price Target
$50.00
Potential Upside/Downside
+20.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$48.43 million
Pretax Margin
6.85%

Debt

Sales & Book Value

Annual Sales
$936.24 million
Cash Flow
$4.42 per share
Book Value
$29.15 per share

Miscellaneous

Free Float
28,278,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
1.28

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Key Executives















CMCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Columbus McKinnon stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last year. There are currently 1 buy rating 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 target for 2024?

1 brokerages have issued 12-month price objectives for Columbus McKinnon's shares. Their CMCO share price targets range from $50.00 to $50.00. On average, they expect the company's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 20.0% 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 2024?

Columbus McKinnon's stock was trading at $39.02 at the beginning of 2024. Since then, CMCO shares have increased by 6.7% and is now trading at $41.65.
View the best growth stocks for 2024 here
.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 287,900 shares, an increase of 30.0% from the January 31st total of 221,500 shares. Based on an average daily trading volume, of 147,600 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.0% of the shares of the company 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, May 23rd 2024.
View our CMCO earnings forecast
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) announced its earnings results on Wednesday, January, 31st. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The industrial products company earned $254.14 million during the quarter, compared to analyst estimates of $254 million. Columbus McKinnon had a net margin of 4.86% and a trailing twelve-month return on equity of 9.88%. During the same quarter in the previous year, the company posted $0.72 EPS.

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

Columbus McKinnon declared a quarterly dividend on Monday, January 22nd. Investors of record on Friday, February 9th will be given a dividend of $0.07 per share on Tuesday, February 20th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, February 8th.
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 0.66%. The dividend payout ratio is 16.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 8.31% 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 guidance has Columbus McKinnon issued on next quarter's earnings?

Columbus McKinnon updated its fourth quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.0 million-$270.0 million, compared to the consensus revenue estimate of $268.5 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?
Who are Columbus McKinnon's major shareholders?

Columbus McKinnon's stock is owned by a variety of retail and institutional investors. Top institutional investors include Franklin Resources Inc. (8.52%), Dimensional Fund Advisors LP (6.42%), Vanguard Group Inc. (5.37%), GW&K Investment Management LLC (3.47%), Allspring Global Investments Holdings LLC (3.34%) and Granahan Investment Management LLC (1.86%). Insiders that own company stock include Gregory P Rustowicz, Kurt F Wozniak, Kurt F Wozniak, Lara Mario Y Ramos, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/5/2024 by MarketBeat.com Staff