Columbus McKinnon's (CMCO) "Neutral" Rating Reaffirmed at DA Davidson

Columbus McKinnon (NASDAQ:CMCO - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at DA Davidson in a research report issued on Tuesday, MarketBeat reports. They currently have a $35.00 target price on the industrial products company's stock. DA Davidson's target price points to a potential upside of 85.19% from the stock's previous close. DA Davidson also issued estimates for Columbus McKinnon's Q4 2025 earnings at $0.57 EPS, FY2025 earnings at $2.45 EPS and FY2026 earnings at $2.70 EPS.

Separately, StockNews.com downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Columbus McKinnon Stock Performance

CMCO traded down $1.18 during mid-day trading on Tuesday, reaching $18.90. 839,281 shares of the company traded hands, compared to its average volume of 506,311. The stock has a market capitalization of $540.73 million, a P/E ratio of 57.27 and a beta of 1.22. Columbus McKinnon has a 52-week low of $18.86 and a 52-week high of $45.84. The company has a quick ratio of 1.10, a current ratio of 2.03 and a debt-to-equity ratio of 0.50. The company's fifty day moving average price is $33.51 and its 200-day moving average price is $34.27.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The industrial products company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.18). Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. On average, sell-side analysts expect that Columbus McKinnon will post 2.96 EPS for the current year.

Insider Activity at Columbus McKinnon

In other news, Director Christopher J. Stephens bought 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $20.27 per share, for a total transaction of $101,350.00. Following the purchase, the director now owns 11,014 shares in the company, valued at approximately $223,253.78. The trade was a 83.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.98% of the stock is owned by company insiders.

Institutional Trading of Columbus McKinnon

A number of hedge funds and other institutional investors have recently modified their holdings of CMCO. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Columbus McKinnon by 13.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,547,958 shares of the industrial products company's stock valued at $57,646,000 after buying an additional 184,615 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Columbus McKinnon by 20.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,394 shares of the industrial products company's stock valued at $2,510,000 after acquiring an additional 11,585 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Columbus McKinnon by 55.2% in the fourth quarter. Squarepoint Ops LLC now owns 64,823 shares of the industrial products company's stock worth $2,414,000 after acquiring an additional 23,053 shares during the period. Systematic Financial Management LP grew its position in shares of Columbus McKinnon by 6.0% during the fourth quarter. Systematic Financial Management LP now owns 829,080 shares of the industrial products company's stock worth $30,875,000 after purchasing an additional 46,806 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in Columbus McKinnon during the 4th quarter valued at approximately $298,000. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.