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Columbus McKinnon Corp. (NASDAQ:CMCO) VP Gene P. Buer sold 2,240 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.98, for a total value of $55,955.20. Following the completion of the transaction, the vice president now directly owns 955 shares in the company, valued at approximately $23,856. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Columbus McKinnon Corp. (NASDAQ:CMCO) opened at 24.80 on Thursday. Columbus McKinnon Corp. has a one year low of $21.25 and a one year high of $30.98. The stock’s 50-day moving average is $25.76 and its 200-day moving average is $26.55. The company has a market cap of $492.3 million and a price-to-earnings ratio of 16.57.

Columbus McKinnon Corp. (NASDAQ:CMCO) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.07. The company had revenue of $142.90 million for the quarter, compared to the consensus estimate of $150.10 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Columbus McKinnon Corp. will post $1.70 EPS for the current fiscal year.

CMCO has been the subject of a number of recent research reports. Analysts at CJS Securities upgraded shares of Columbus McKinnon Corp. from a “market perform” rating to a “market outperform” rating in a research note on Thursday, July 31st. They now have a $34.00 price target on the stock, down previously from $35.00. Separately, analysts at Zacks downgraded shares of Columbus McKinnon Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $32.80 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Columbus McKinnon Corp. in a research note on Thursday, June 19th. They set a “neutral” rating and a $27.00 price target on the stock.

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, rigging tools, cranes, actuators, and other material handling products serving a range of commercial and industrial end user markets.

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