Columbus McKinnon Corporation (NASDAQ:CMCO) had its price target upped by equities researchers at Roth Capital from $36.00 to $41.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s price objective points to a potential upside of 7.13% from the company’s previous close.

CMCO has been the subject of several other research reports. Zacks Investment Research cut shares of Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub raised shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research note on Tuesday, August 1st. Finally, ValuEngine cut shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. One 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 stock. Columbus McKinnon Corporation currently has a consensus rating of “Buy” and an average target price of $37.00.

Columbus McKinnon Corporation (NASDAQ CMCO) traded up $1.16 on Thursday, hitting $38.27. 139,847 shares of the company traded hands, compared to its average volume of 131,989. The company has a current ratio of 1.96, a quick ratio of 1.16 and a debt-to-equity ratio of 0.89. The stock has a market cap of $880.13, a price-to-earnings ratio of 22.78 and a beta of 1.92.

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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. Columbus McKinnon Corporation 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 analysts’ expectations of $203.27 million. During the same quarter in the prior year, the company earned $0.36 EPS. Columbus McKinnon Corporation’s revenue was up 40.0% compared to the same quarter last year. analysts predict that Columbus McKinnon Corporation will post 1.95 earnings per share for the current year.

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In other news, Director Timothy T. Tevens sold 45,172 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $32.76, for a total value of $1,479,834.72. Following the completion of the sale, the director now owns 293,536 shares of the company’s stock, valued at approximately $9,616,239.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Alan S. Korman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,769 shares of company stock valued at $5,820,059. 3.91% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Columbus McKinnon Corporation by 2.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 123,828 shares of the industrial products company’s stock valued at $3,148,000 after buying an additional 2,900 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Columbus McKinnon Corporation in the 2nd quarter valued at approximately $375,000. Principal Financial Group Inc. purchased a new stake in shares of Columbus McKinnon Corporation in the 1st quarter valued at approximately $6,443,000. Victory Capital Management Inc. grew its stake in shares of Columbus McKinnon Corporation by 11.6% in the 2nd quarter. Victory Capital Management Inc. now owns 56,455 shares of the industrial products company’s stock valued at $1,435,000 after buying an additional 5,848 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of Columbus McKinnon Corporation by 23.6% in the 2nd quarter. Systematic Financial Management LP now owns 225,155 shares of the industrial products company’s stock valued at $5,723,000 after buying an additional 43,035 shares during the period. 86.97% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon Corporation Company Profile

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