A number of research firms have changed their ratings and price targets for Columbus McKinnon Corporation (NASDAQ: CMCO):

  • 8/3/2017 – Columbus McKinnon Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Columbus McKinnon, is a broad-line designer, manufacturer and supplier of sophisticated material handling products and integrated material handling solutions that are widely distributed to industrial and consumer markets worldwide. The Company’s material handling products are sold, omestically and internationally, principally to third party distributors and, to a lesser extent, directly to manufacturers and other end-users. The Company’s integrated material handling solutions businesses deal directly with end-users. “
  • 8/3/2017 – Columbus McKinnon Corporation was given a new $36.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 8/1/2017 – Columbus McKinnon Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/1/2017 – Columbus McKinnon Corporation was upgraded by analysts at TheStreet from a “c” rating to a “b” rating.
  • 7/28/2017 – Columbus McKinnon Corporation is now covered by analysts at Roth Capital. They set a “buy” rating and a $33.00 price target on the stock.
  • 7/25/2017 – Columbus McKinnon Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/19/2017 – Columbus McKinnon Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/13/2017 – Columbus McKinnon Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/20/2017 – Columbus McKinnon Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Columbus McKinnon, is a broad-line designer, manufacturer and supplier of sophisticated material handling products and integrated material handling solutions that are widely distributed to industrial and consumer markets worldwide. The Company’s material handling products are sold, omestically and internationally, principally to third party distributors and, to a lesser extent, directly to manufacturers and other end-users. The Company’s integrated material handling solutions businesses deal directly with end-users. “

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up 1.03% during mid-day trading on Monday, reaching $32.39. The company had a trading volume of 163,193 shares. The firm’s 50-day moving average is $25.99 and its 200 day moving average is $25.96. The company has a market capitalization of $732.82 million, a price-to-earnings ratio of 49.08 and a beta of 1.92. Columbus McKinnon Corporation has a 12 month low of $16.28 and a 12 month high of $32.82.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.23. The business had revenue of $203.70 million for the quarter, compared to the consensus estimate of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. Columbus McKinnon Corporation’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities research analysts predict that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, August 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is presently 25.00%.

In other Columbus McKinnon Corporation news, VP Gene P. Buer sold 10,669 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $31.66, for a total transaction of $337,780.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Alan S. Korman sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $27.13, for a total value of $81,390.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,169 shares of company stock worth $461,741. Company insiders own 3.91% of the company’s stock.

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