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NASDAQ:CMCO

Columbus McKinnon - CMCO Stock Forecast, Price & News

$32.20
+0.33 (+1.04%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$31.25
$33.83
50-Day Range
$24.51
$32.86
52-Week Range
$23.54
$50.18
Volume
117,130 shs
Average Volume
125,918 shs
Market Capitalization
$921.89 million
P/E Ratio
21.05
Dividend Yield
0.88%
Price Target
$40.00

Columbus McKinnon MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
24.2% Upside
$40.00 Price Target
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.32mentions of Columbus McKinnon in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.30%
From $2.83 to $2.98 Per Share

Overall MarketRank

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

2.06 out of 5 stars

Industrial Products Sector

57th out of 175 stocks

Construction Machinery Industry

2nd out of 6 stocks

CMCO stock logo

About Columbus McKinnon (NASDAQ:CMCO) Stock

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators. It also provides power and motion technology products, including AC motor controls and line regenerative systems, automation and diagnostics, brakes, cable and festoon systems, collision avoidance systems, conductor bar systems, DC motor and magnet control systems, elevator drives, inverter duty motors, mining drives, pendant pushbutton stations, radio controls, and wind inverters; power delivery subsystems; overhead aluminum light rail workstations; and low profile, flexible chain, large scale, sanitary, and vertical elevation conveyor systems, as well as pallet system conveyors and accumulation systems. The company serves market verticals, including general industries, 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, government agencies, original equipment manufacturers, and engineering procurement and construction firms. The company was founded in 1875 and is headquartered in Buffalo, New York.

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CMCO Stock News Headlines

Columbus McKinnon: Q2 Earnings Insights
Columbus McKinnon (CMCO) Beats Q2 Earnings Estimates
Columbus McKinnon Corp
Columbus McKinnon earnings: here's what to expect
Columbus McKinnon (CMCO) Q1 Earnings Beat Estimates
See More Headlines
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CMCO Company Calendar

Last Earnings
10/27/2022
Ex-Dividend for 11/14 Dividend
11/03/2022
Dividend Payable
11/14/2022
Today
12/08/2022
Next Earnings (Estimated)
1/26/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:CMCO
CUSIP
19933310
Employees
3,224
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$40.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+24.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$29.66 million
Pretax Margin
7.09%

Debt

Sales & Book Value

Annual Sales
$906.55 million
Cash Flow
$4.41 per share
Book Value
$27.11 per share

Miscellaneous

Free Float
28,006,000
Market Cap
$921.89 million
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. David J. Wilson (Age 53)
    Pres, CEO & Director
    Comp: $1.71M
  • Mr. Gregory P. RustowiczMr. Gregory P. Rustowicz (Age 62)
    Exec. VP of Fin. & CFO
    Comp: $826.87k
  • Mr. Alan S. Korman (Age 61)
    Sr. VP of Corp. Devel., Gen. Counsel & Sec.
    Comp: $612.22k
  • Mr. Bert A. Brant (Age 61)
    Sr. VP of Global Manufacturing Operations
    Comp: $619.35k
  • Ms. Lynn Bostrom
    Director of Global Marketing
  • Ms. Adrienne M. Williams (Age 46)
    Sr. VP & Chief HR Officer
  • Mr. Mark R. ParadowskiMr. Mark R. Paradowski (Age 52)
    Sr. VP & Chief Digital Officer
  • Mr. Mario Y. Ramos Lara (Age 49)
    Sr. VP of Global Product Devel.
  • Mr. Appal S.K. Chintapalli (Age 47)
    Pres of EMEA & APAC
  • Mr. Terrence Jon Schadeberg (Age 58)
    Pres of Americas













CMCO Stock - Frequently Asked Questions

Should I buy or sell Columbus McKinnon stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last year. There are currently 2 hold ratings and 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?

4 Wall Street analysts have issued twelve-month price targets for Columbus McKinnon's shares. Their CMCO share price forecasts range from $35.00 to $48.00. On average, they anticipate the company's share price to reach $40.00 in the next year. This suggests a possible upside of 25.0% 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 2022?

Columbus McKinnon's stock was trading at $46.26 on January 1st, 2022. Since then, CMCO shares have decreased by 30.8% and is now trading at $32.01.
View the best growth stocks for 2022 here
.

Are investors shorting Columbus McKinnon?

Columbus McKinnon saw a increase in short interest in November. As of November 15th, there was short interest totaling 396,200 shares, an increase of 7.8% from the October 31st total of 367,600 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is presently 2.9 days. Currently, 1.4% of the shares of the company are sold short.
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, January 26th 2023.
View our CMCO earnings forecast
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) posted its earnings results on Thursday, October, 27th. The industrial products company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The industrial products company earned $231.74 million during the quarter, compared to the consensus estimate of $235.71 million. Columbus McKinnon had a net margin of 4.80% and a trailing twelve-month return on equity of 10.53%.

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

Columbus McKinnon declared a quarterly dividend on Monday, October 17th. Shareholders of record on Friday, November 4th will be given a dividend of $0.07 per share on Monday, November 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 3rd.
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 0.88%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 9.40% 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 third quarter 2023 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $225.00 million-$235.00 million, compared to the consensus revenue estimate of $231.22 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.77%), Dimensional Fund Advisors LP (5.78%), Macquarie Group Ltd. (5.11%), Vanguard Group Inc. (4.87%), Victory Capital Management Inc. (4.52%) and Lord Abbett & CO. LLC (4.49%). Insiders that own company stock include Alan S Korman, Gregory P Rustowicz, Kurt F Wozniak, Kurt F Wozniak, Mark D Morelli, 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 $32.01.

How much money does Columbus McKinnon make?

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $916.45 million and generates $906.55 million in revenue each year. The industrial products company earns $29.66 million in net income (profit) each year or $1.53 on an earnings per share basis.

How many employees does Columbus McKinnon have?

The company employs 3,224 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.).
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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 12/8/2022 by MarketBeat.com Staff