News articles about Columbus McKinnon Corporation (NASDAQ:CMCO) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Columbus McKinnon Corporation earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.5011346652435 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have commented on CMCO shares. TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Roth Capital initiated coverage on shares of Columbus McKinnon Corporation in a research note on Friday, July 28th. They issued a “buy” rating and a $33.00 price target for the company. Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $37.00.
Shares of Columbus McKinnon Corporation (NASDAQ CMCO) traded down $0.61 on Friday, hitting $37.14. 221,500 shares of the stock were exchanged, compared to its average volume of 128,236. The company has a market cap of $840.36, a price-to-earnings ratio of 22.47 and a beta of 1.92. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 0.89. Columbus McKinnon Corporation has a 1 year low of $22.87 and a 1 year high of $41.49.
Columbus McKinnon Corporation (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 the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $212.80 million during the quarter, compared to analyst estimates of $203.27 million. Columbus McKinnon Corporation had a net margin of 2.65% and a return on equity of 10.95%. The business’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. equities research analysts forecast that Columbus McKinnon Corporation will post 1.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be issued a $0.04 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.43%. Columbus McKinnon Corporation’s payout ratio is 18.82%.
In related news, VP Gene P. Buer sold 30,529 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $38.00, for a total transaction of $1,160,102.00. Following the completion of the sale, the vice president now directly owns 17,136 shares in the company, valued at approximately $651,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy T. Tevens sold 9,723 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $32.01, for a total transaction of $311,233.23. Following the sale, the director now owns 293,536 shares of the company’s stock, valued at $9,396,087.36. The disclosure for this sale can be found here. Insiders have sold a total of 100,802 shares of company stock valued at $3,399,491 over the last quarter. 3.91% of the stock is currently owned by company insiders.
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Columbus McKinnon Corporation Company Profile
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