NASDAQ:CMCO

Columbus McKinnon (CMCO) Stock Forecast, Price & News

$34.70

+0.28 (+0.81%)

(As of 12:16 PM ET)

Compare

Today's Range: $34.02
▼
$34.70
50-Day Range: $34.14
▼
$42.86
52-Week Range: $23.54
▼
$42.87

Volume: 24,870 shs
Average Volume: 91,145 shs
Market Capitalization: $996.58 million

P/E Ratio: 20.29
Dividend Yield: 0.81%
Price Target: $48.00

Columbus McKinnon MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 40.5% 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: 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.

2.43 out of 5 stars

Industrial Products Sector

14th out of 177 stocks

Construction Machinery Industry

1st out of 6 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $48.00, Columbus McKinnon has a forecasted upside of 40.5% from its current price of $34.17.
Amount of Analyst Coverage
Columbus McKinnon has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.75% of the float of Columbus McKinnon has been sold short.
Short Interest Ratio / Days to Cover
Columbus McKinnon has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Columbus McKinnon has recently decreased by 5.50%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Columbus McKinnon has a dividend yield of 0.81%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Columbus McKinnon has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Columbus McKinnon is 16.37%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Columbus McKinnon will have a dividend payout ratio of 8.51% next year. This indicates that Columbus McKinnon will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CMCO.

2.5

News and Social Media Coverage

News Sentiment
Columbus McKinnon has a news sentiment score of 1.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Columbus McKinnon this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 2 people have added Columbus McKinnon to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Columbus McKinnon insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.47% of the stock of Columbus McKinnon is held by insiders.
Percentage Held by Institutions
95.96% of the stock of Columbus McKinnon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Columbus McKinnon are expected to grow by 16.67% in the coming year, from $2.82 to $3.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Columbus McKinnon is 19.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Columbus McKinnon is 19.98, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.85.
Price to Book Value per Share Ratio
Columbus McKinnon has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CMCO Stock News Headlines

September 21, 2023 | finance.yahoo.com

Columbus McKinnon Board Member, Jeanne Beliveau-Dunn, Recognized as NACD Directorship 100™ Honoree

August 3, 2023 | finance.yahoo.com

With EPS Growth And More, Columbus McKinnon (NASDAQ:CMCO) Makes An Interesting Case

October 4, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.

August 2, 2023 | finance.yahoo.com

Columbus McKinnon Sales Increased 7% for First Quarter Fiscal Year 2024

August 2, 2023 | finance.yahoo.com

Columbus McKinnon (CMCO) Lags Q1 Earnings and Revenue Estimates

July 27, 2023 | seekingalpha.com

Columbus McKinnon: Significant Tailwinds And Undervalued Stock

July 19, 2023 | finance.yahoo.com

Columbus McKinnon Announces First Quarter Fiscal 2024 Conference Call and Webcast

July 13, 2023 | finance.yahoo.com

Columbus McKinnon Continues to Advance Leading Governance Structure with Changes in Bylaws

October 4, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

July 12, 2023 | finance.yahoo.com

Is It Too Late To Consider Buying Columbus McKinnon Corporation (NASDAQ:CMCO)?

July 5, 2023 | msn.com

Columbus Mckinnon (CMCO) Price Target Increased by 5.75% to 46.92

June 26, 2023 | finance.yahoo.com

Columbus McKinnon Successfully Completes Planned Refinancing

June 2, 2023 | finance.yahoo.com

Columbus McKinnon to Webcast Fireside Chat at the Wells Fargo Industrials Conference

May 31, 2023 | entrepreneur.com

3 Stable Stocks to Buy for Safe Returns

May 31, 2023 | finance.yahoo.com

Columbus McKinnon Closes Acquisition of montratec® GmbH

May 30, 2023 | finance.yahoo.com

Are Investors Undervaluing Columbus McKinnon (CMCO) Right Now?

May 26, 2023 | msn.com

Looking Into Columbus McKinnon's Return On Invested Capital

May 26, 2023 | markets.businessinsider.com

Columbus Mckinnon (CMCO) Receives a Buy from D.A. Davidson

May 26, 2023 | finance.yahoo.com

Q4 2023 Columbus McKinnon Corp Earnings Call

May 25, 2023 | seekingalpha.com

Columbus McKinnon Corporation 2023 Q4 - Results - Earnings Call Presentation

May 25, 2023 | finance.yahoo.com

Columbus McKinnon Reports Record Sales of $253.8 Million and Delivers Record Operating Income for Fourth Quarter Fiscal 2023

May 25, 2023 | finance.yahoo.com

Columbus McKinnon (CMCO) Q4 Earnings and Revenues Surpass Estimates

May 4, 2023 | seekingalpha.com

Columbus McKinnon Stock: Looking Attractive

May 4, 2023 | finance.yahoo.com

Columbus McKinnon Announces Fourth Quarter and Full Year Fiscal 2023 Conference Call and Webcast

April 27, 2023 | marketwatch.com

8-K: COLUMBUS MCKINNON CORP

April 26, 2023 | finance.yahoo.com

Is Columbus McKinnon Corporation (NASDAQ:CMCO) Trading At A 25% Discount?

April 26, 2023 | msn.com

Columbus McKinnon to acquire montratec for $110M

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: 10/04/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Construction machinery
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NASDAQ:CMCO
CUSIP: 19933310
CIK: 1005229
Web: www.cmworks.com
Phone: (716) 689-5400
Fax: 716-689-5644
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: +39.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.71
Trailing P/E Ratio: 20.13
Forward P/E Ratio: 12.21
P/E Growth: N/A
Net Income: $48.43 million
Net Margins: 5.18%
Pretax Margin: 7.34%
Return on Equity: 10.08%
Return on Assets: 4.83%

Debt

Debt-to-Equity Ratio: 0.64
Current Ratio: 1.95
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $936.24 million
Price / Sales: 1.06
Cash Flow: $4.42 per share
Price / Cash Flow: 7.79
Book Value: $29.15 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 28,720,000
Free Float: 28,302,000
Market Cap: $988.54 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. 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. Paradowski (Age 53)
Sr. VP of Information Services & Chief Digital Officer

Mr. Appal S.K. Chintapalli (Age 48)
Pres of EMEA & APAC

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CMCO Stock - Frequently Asked Questions

Should I buy or sell Columbus McKinnon stock right now?: 0 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. There are currently for the stock. The consensus among Wall Street equities research analysts is that investors should "n/a" CMCO shares.
View CMCO analyst ratings or view top-rated stocks.
What is Columbus McKinnon's stock price forecast for 2023?: 0 brokers have issued 1-year target prices for Columbus McKinnon's shares. Their CMCO share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 39.5% 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 6.0% and is now trading at $34.42.
View the best growth stocks for 2023 here.
Are investors shorting Columbus McKinnon?: Columbus McKinnon saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 209,600 shares, a drop of 5.5% from the August 31st total of 221,800 shares. Based on an average trading volume of 79,700 shares, the short-interest ratio is currently 2.6 days. Currently, 0.8% of the shares of the stock 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, 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 data on Wednesday, August, 2nd. The industrial products company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.63 by $0.01. The industrial products company earned $235.50 million during the quarter, compared to analysts' expectations of $236.77 million. Columbus McKinnon had a trailing twelve-month return on equity of 10.08% and a net margin of 5.18%. Columbus McKinnon's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 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, July 23rd. Investors of record on Friday, August 11th will be paid 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 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 0.80%. 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 issued an update on its second quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Columbus McKinnon investors own include Sangamo Therapeutics (SGMO), NVIDIA (NVDA), Alibaba Group (BABA), Main Street Capital (MAIN), O-I Glass (OI), Pluristem Therapeutics (PSTI), Teva Pharmaceutical Industries (TEVA), Advanced Micro Devices (AMD), Ballard Power Systems (BLDP) and CenterPoint Energy (CNP).
What is Columbus McKinnon's stock symbol?: Columbus McKinnon trades on the NASDAQ under the ticker symbol "CMCO."
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 $34.42.
How much money does Columbus McKinnon make?: Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $988.54 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 10/4/2023 by MarketBeat.com Staff

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