Columbus McKinnon - CMCO Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. 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.

4 brokers have issued 12-month price targets for Columbus McKinnon's stock. 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 14.1% 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 on January 1st, 2023. Since then, CMCO shares have increased by 7.9% and is now trading at $35.05.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our CMCO earnings forecast.

Columbus McKinnon Co. (NASDAQ:CMCO) announced its earnings results on Wednesday, February, 1st. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.60 by $0.12. The industrial products company earned $230.40 million during the quarter, compared to analyst estimates of $228.49 million. Columbus McKinnon had a trailing twelve-month return on equity of 10.72% and a net margin of 4.95%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share.

Columbus McKinnon announced a quarterly dividend on Monday, March 20th. Shareholders of record on Friday, May 5th will be given a dividend of $0.07 per share on Monday, May 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend 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), VictoryShares US Small Cap Volatility Wtd (CSA).

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 17.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 9.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMCO.

Columbus McKinnon issued an update on its fourth quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $240.00 million-$250.00 million, compared to the consensus revenue estimate of $249.11 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 many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.04%), Macquarie Group Ltd. (5.25%), Victory Capital Management Inc. (4.76%), Victory Capital Management Inc. (4.76%), Victory Capital Management Inc. (4.74%) and Franklin Resources Inc. (4.58%). 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 $35.05.

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $1.00 billion and generates $906.55 million in revenue each year. The industrial products company earns $29.66 million in net income (profit) each year or $1.61 on an earnings per share basis.

The company employs 3,224 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.