Columbus McKinnon (NASDAQ:CMCO) had its target price raised by equities research analysts at Roth Capital from $41.00 to $50.00 in a report issued on Monday. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s target price suggests a potential upside of 16.52% from the company’s previous close.

CMCO has been the subject of a number of other reports. Seaport Global Securities reiterated a “buy” rating and set a $50.00 target price on shares of Columbus McKinnon in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BidaskClub upgraded shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.25.

Columbus McKinnon (CMCO) opened at $42.91 on Monday. Columbus McKinnon has a 1-year low of $22.88 and a 1-year high of $43.69. The firm has a market cap of $986.86, a P/E ratio of 50.48 and a beta of 1.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The company had revenue of $212.80 million during the quarter, compared to analyst estimates of $203.27 million. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. analysts anticipate that Columbus McKinnon will post 1.95 earnings per share for the current year.

In other news, VP Alan S. Korman sold 1,558 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $40.10, for a total value of $62,475.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gene P. Buer sold 30,529 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $38.00, for a total value of $1,160,102.00. Following the completion of the sale, the vice president now owns 17,136 shares of the company’s stock, valued at $651,168. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,754 shares of company stock valued at $1,408,020. Company insiders own 3.91% of the company’s stock.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Columbus McKinnon by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,336 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 414 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Columbus McKinnon by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 23,141 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 612 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Columbus McKinnon by 2.9% in the 2nd quarter. Teachers Advisors LLC now owns 35,886 shares of the industrial products company’s stock worth $912,000 after purchasing an additional 1,009 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Columbus McKinnon by 10.8% in the 2nd quarter. Voya Investment Management LLC now owns 12,389 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Columbus McKinnon by 2.8% in the 3rd quarter. Susquehanna International Group LLP now owns 47,111 shares of the industrial products company’s stock worth $1,784,000 after purchasing an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 85.08% of the company’s stock.

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Columbus McKinnon Company Profile

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