Columbus McKinnon Corporation (CMCO) Announces $0.04 Quarterly Dividend
Columbus McKinnon Corporation (NASDAQ:CMCO) announced a quarterly dividend on Monday, October 23rd, RTT News reports. Stockholders of record on Friday, November 10th will be paid a dividend of 0.04 per share by the industrial products company on Monday, November 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.43%.
Columbus McKinnon Corporation (CMCO) traded up 0.46% during trading on Monday, hitting $37.08. 60,237 shares of the company were exchanged. The company has a market capitalization of $838.94 million, a price-to-earnings ratio of 56.18 and a beta of 1.90. Columbus McKinnon Corporation has a 12 month low of $16.86 and a 12 month high of $38.64. The company has a 50-day moving average of $35.72 and a 200-day moving average of $29.25.
Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.32 by $0.23. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. The firm had revenue of $203.70 million during the quarter, compared to analyst estimates of $190.62 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Columbus McKinnon Corporation’s revenue for the quarter was up 36.7% compared to the same quarter last year. Analysts forecast that Columbus McKinnon Corporation will post $1.90 EPS for the current year.
Several equities analysts recently commented on CMCO shares. TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. Roth Capital started coverage on shares of Columbus McKinnon Corporation in a research report on Friday, July 28th. They set a “buy” rating and a $33.00 price target for the company. ValuEngine raised shares of Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.50.
In related news, VP Gene P. Buer sold 10,669 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.66, for a total transaction of $337,780.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kurt F. Wozniak sold 13,205 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.64, for a total transaction of $417,806.20. Following the sale, the vice president now owns 25,426 shares of the company’s stock, valued at $804,478.64. The disclosure for this sale can be found here. Insiders have sold 167,932 shares of company stock valued at $5,416,512 in the last ninety days. 3.91% of the stock is currently owned by company insiders.
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About Columbus McKinnon Corporation
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