Columbus McKinnon (CMCO) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMCO shares.
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2 brokers have issued twelve-month price targets for Columbus McKinnon's shares. Their CMCO share price forecasts range from $40.00 to $48.00. On average, they anticipate the company's stock price to reach $44.00 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price.
View analysts price targets for CMCO or view top-rated stocks among Wall Street analysts.

Columbus McKinnon's stock was trading at $32.47 at the beginning of 2023. Since then, CMCO shares have increased by 13.8% and is now trading at $36.94.
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Columbus McKinnon saw a drop in short interest in 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 daily trading volume, of 88,600 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CMCO earnings forecast.

Columbus McKinnon Co. (NASDAQ:CMCO) released its quarterly earnings data on Thursday, May, 25th. The industrial products company reported $0.80 earnings per share for the quarter, topping 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 net margin of 5.17% and a trailing twelve-month return on equity of 10.56%. The firm's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share.

Columbus McKinnon announced a quarterly dividend on Monday, March 20th. Stockholders 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 0.76%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for CMCO.

ETFs with the largest weight of Columbus McKinnon (NASDAQ:CMCO) stock in their portfolio include Global X U.S. Infrastructure Development ETF (PAVE), Timothy Plan US Small Cap Core ETF (TPSC), iShares Micro-Cap ETF (IWC), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF),

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 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.

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.

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.

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).

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

Columbus McKinnon's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.
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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.
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One share of CMCO stock can currently be purchased for approximately $36.94.

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $1.06 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.

The company employs 3,392 workers across the globe.

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.