Columbus McKinnon Corporation (NASDAQ:CMCO) had its price target boosted by analysts at Roth Capital from $36.00 to $41.00 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s price target would suggest a potential upside of 3.64% from the stock’s previous close.

Several other research analysts have also recently weighed in on CMCO. BidaskClub cut shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. ValuEngine cut shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet upgraded shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Columbus McKinnon Corporation currently has an average rating of “Hold” and a consensus price target of $35.75.

Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $212.80 million during the quarter, compared to analysts’ expectations of $203.27 million. Columbus McKinnon Corporation had a net margin of 2.65% and a return on equity of 11.40%. The business’s revenue was up 40.0% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share.

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In other Columbus McKinnon Corporation news, VP Gene P. Buer sold 28,795 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $32.67, for a total value of $940,732.65. Following the completion of the transaction, the vice president now owns 24,522 shares of the company’s stock, valued at approximately $801,133.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Alan S. Korman sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.93, for a total transaction of $82,325.00. Following the completion of the transaction, the vice president now directly owns 13,121 shares of the company’s stock, valued at approximately $432,074.53. The disclosure for this sale can be found here. Insiders have sold a total of 157,263 shares of company stock worth $5,078,731 in the last ninety days. 3.91% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in CMCO. BlackRock Group LTD boosted its stake in shares of Columbus McKinnon Corporation by 86.1% in the 1st quarter. BlackRock Group LTD now owns 6,702 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,100 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Columbus McKinnon Corporation by 91.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 9,185 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 4,396 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Columbus McKinnon Corporation by 1.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,094 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 91 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Columbus McKinnon Corporation by 7.2% in the 3rd quarter. Wells Fargo & Company MN now owns 8,940 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 602 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Columbus McKinnon Corporation in the 1st quarter valued at $173,000. 86.97% of the stock is owned by institutional investors and hedge funds.

About Columbus McKinnon Corporation

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