ValuEngine lowered shares of Columbus McKinnon Corporation (NASDAQ:CMCO) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

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

Shares of Columbus McKinnon Corporation (NASDAQ CMCO) traded down 0.16% during trading on Tuesday, hitting $38.32. 20,052 shares of the stock traded hands. Columbus McKinnon Corporation has a 1-year low of $16.86 and a 1-year high of $38.64. The company has a market cap of $866.99 million, a P/E ratio of 58.06 and a beta of 1.90. The stock has a 50-day moving average of $33.49 and a 200 day moving average of $28.09.

Columbus McKinnon Corporation (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.23. The company had revenue of $203.70 million during the quarter, compared to analyst estimates of $190.62 million. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. Columbus McKinnon Corporation’s revenue was up 36.7% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. On average, equities research analysts predict that Columbus McKinnon Corporation will post $1.90 EPS for the current fiscal year.

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In related news, VP Gene P. Buer sold 10,669 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $31.66, for a total value of $337,780.54. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy T. Tevens sold 8,770 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $32.15, for a total transaction of $281,955.50. Following the completion of the sale, the chief executive officer now directly owns 293,536 shares in the company, valued at $9,437,182.40. The disclosure for this sale can be found here. Insiders have sold 167,932 shares of company stock valued at $5,416,512 in the last three months. 3.91% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in 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 worth $151,000 after buying an additional 91 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Columbus McKinnon Corporation 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 buying an additional 414 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Columbus McKinnon Corporation by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 45,122 shares of the industrial products company’s stock worth $1,120,000 after buying an additional 538 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Columbus McKinnon Corporation 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 buying an additional 612 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of Columbus McKinnon Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock worth $297,000 after buying an additional 795 shares during the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.

Columbus McKinnon Corporation Company Profile

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