Columbus McKinnon Corporation (NASDAQ:CMCO) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Roth Capital set a $36.00 price target on Columbus McKinnon Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. BidaskClub downgraded Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, TheStreet raised Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Columbus McKinnon Corporation presently has an average rating of “Hold” and a consensus price target of $34.50.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up 0.89% during midday trading on Tuesday, reaching $38.38. 123,814 shares of the company’s stock traded hands. Columbus McKinnon Corporation has a 52-week low of $16.86 and a 52-week high of $38.64. The company has a 50 day moving average of $33.49 and a 200 day moving average of $28.09. The firm has a market cap of $868.35 million, a PE ratio of 58.15 and a beta of 1.90.

Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating 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 business had revenue of $203.70 million during the quarter, compared to the consensus estimate of $190.62 million. During the same quarter last year, the firm posted $0.32 EPS. Columbus McKinnon Corporation’s revenue was up 36.7% compared to the same quarter last year. On average, equities analysts predict that Columbus McKinnon Corporation will post $1.90 EPS for the current fiscal year.

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In related news, VP Alan S. Korman sold 2,500 shares of Columbus McKinnon Corporation stock in a transaction 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 sale, the vice president now directly owns 13,121 shares in the company, valued at $432,074.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gene P. Buer sold 10,669 shares of Columbus McKinnon Corporation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $31.66, for a total value of $337,780.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 167,932 shares of company stock worth $5,416,512. Insiders own 3.91% of the company’s stock.

Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. bought a new stake in shares of Columbus McKinnon Corporation during the 1st quarter worth $6,443,000. Dimensional Fund Advisors LP boosted its holdings in shares of Columbus McKinnon Corporation by 13.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,264,809 shares of the industrial products company’s stock worth $31,393,000 after buying an additional 152,165 shares during the last quarter. Kennedy Capital Management Inc. boosted its holdings in shares of Columbus McKinnon Corporation by 188.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 226,151 shares of the industrial products company’s stock worth $5,749,000 after buying an additional 147,775 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Columbus McKinnon Corporation by 4.7% in the 2nd quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock worth $66,309,000 after buying an additional 118,139 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in shares of Columbus McKinnon Corporation by 147.6% in the 1st quarter. Systematic Financial Management LP now owns 182,120 shares of the industrial products company’s stock worth $4,520,000 after buying an additional 108,570 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

About Columbus McKinnon Corporation

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