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NASDAQ:CMCO

Columbus McKinnon - CMCO Stock Forecast, Price & News

$38.20
-0.73 (-1.88%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
$37.96
$38.72
50-Day Range
$30.63
$39.23
52-Week Range
$23.54
$47.18
Volume
92,586 shs
Average Volume
111,429 shs
Market Capitalization
$1.09 billion
P/E Ratio
23.73
Dividend Yield
0.72%
Price Target
$40.00

Columbus McKinnon MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.7% Upside
$40.00 Price Target
Short Interest
Healthy
1.38% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Columbus McKinnon in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.17%
From $2.79 to $2.99 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Industrial Products Sector

85th out of 175 stocks

Construction Machinery Industry

3rd out of 6 stocks

CMCO stock logo

About Columbus McKinnon (NASDAQ:CMCO) Stock

Columbus McKinnon Corp. engages in the design, manufacture, and marketing of material handling products and systems. Its products include hoists, chain and rigging tools, digital power control and delivery systems, actuators and rotary unions, industrial cranes, and elevator application drive systems which are distributed through STAHL, Herc-Alloy, Magnetek, Duff-Norton, Pfaff, and other brands. The company was founded in 1875 and is headquartered in Buffalo, NY.

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CMCO Stock News Headlines

New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Columbus McKinnon (CMCO) Set to Announce Earnings on Wednesday
Columbus McKinnon declares $0.07 dividend
Crane Holdings (CR) Surpasses Q4 Earnings Estimates
Columbus McKinnon: Q2 Earnings Insights
Columbus McKinnon (CMCO) Beats Q2 Earnings Estimates
See More Headlines
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CMCO Company Calendar

Ex-Dividend for 11/14 Dividend
11/03/2022
Dividend Payable
11/14/2022
Last Earnings
2/01/2023
Today
2/06/2023
Ex-Dividend for 2/21 Dividend
2/09/2023
Dividend Payable
2/21/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/24/2023

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
+4.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$29.66 million
Pretax Margin
7.59%

Debt

Sales & Book Value

Annual Sales
$906.55 million
Cash Flow
$4.26 per share
Book Value
$27.11 per share

Miscellaneous

Free Float
28,091,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • David J. Wilson
    President, Chief Executive Officer & Director
  • Gregory P. RustowiczGregory P. Rustowicz
    Chief Financial Officer, Treasurer & EVP-Finance
  • Adrienne Williams
    Chief Human Resources Officer & Senior VP
  • Mark R. ParadowskiMark R. Paradowski
    Vice President-Information Services
  • Bert A. Brant
    Vice President-Global Manufacturing Operations













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 brokerages have issued twelve-month price objectives for Columbus McKinnon's shares. Their CMCO share price forecasts range from $35.00 to $48.00. On average, they predict the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 4.7% 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 beginning of the year. Since then, CMCO shares have increased by 17.6% and is now trading at $38.20.
View the best growth stocks for 2023 here
.

When is Columbus McKinnon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 24th 2023.
View our CMCO earnings forecast
.

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) posted its quarterly earnings results on Wednesday, February, 1st. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 4.95% and a trailing twelve-month return on equity of 10.72%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.60 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 23rd. Investors of record on Friday, February 10th will be paid a dividend of $0.07 per share on Tuesday, February 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, February 9th.
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 0.72%. 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.

What guidance has Columbus McKinnon issued on next quarter's earnings?

Columbus McKinnon issued an update on its fourth quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share 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.

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 many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.16%), Fisher Asset Management LLC (0.84%), Foundry Partners LLC (0.52%), State of New Jersey Common Pension Fund D (0.26%), New York State Common Retirement Fund (0.19%) and Natixis Advisors L.P. (0.11%). Insiders that own company stock include 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 $38.20.

How much money does Columbus McKinnon make?

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $1.09 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.

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 2/6/2023 by MarketBeat.com Staff