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Columbus McKinnon Co. (NASDAQ:CMCO - Get Rating) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.00.

Several analysts recently issued reports on CMCO shares. StockNews.com upgraded Columbus McKinnon from a "hold" rating to a "buy" rating in a report on Friday, August 26th. Barrington Research dropped their target price on Columbus McKinnon from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Thursday, July 28th. Finally, DA Davidson dropped their target price on Columbus McKinnon from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday.Columbus McKinnon Stock Up 2.4 %

Shares of NASDAQ:CMCO traded up $0.65 during midday trading on Tuesday, reaching $27.67. 457 shares of the company were exchanged, compared to its average volume of 79,874. Columbus McKinnon has a fifty-two week low of $25.38 and a fifty-two week high of $54.20. The company has a quick ratio of 1.16, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $30.82 and a two-hundred day simple moving average of $33.18. The firm has a market cap of $792.19 million, a PE ratio of 17.58, a P/E/G ratio of 0.45 and a beta of 1.26.

Columbus McKinnon (NASDAQ:CMCO - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.09. Columbus McKinnon had a net margin of 4.96% and a return on equity of 10.76%. The business had revenue of $220.29 million for the quarter, compared to analyst estimates of $228.04 million. As a group, sell-side analysts forecast that Columbus McKinnon will post 2.91 earnings per share for the current year. Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, August 5th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.01%. Columbus McKinnon's dividend payout ratio (DPR) is currently 17.83%. Institutional Investors Weigh In On Columbus McKinnon

A number of large investors have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC acquired a new stake in shares of Columbus McKinnon in the 1st quarter valued at $17,791,000. GW&K Investment Management LLC boosted its holdings in shares of Columbus McKinnon by 23.4% in the 1st quarter. GW&K Investment Management LLC now owns 1,109,607 shares of the industrial products company's stock valued at $47,047,000 after purchasing an additional 210,089 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Columbus McKinnon by 30.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 725,231 shares of the industrial products company's stock valued at $33,549,000 after purchasing an additional 168,462 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Columbus McKinnon in the 2nd quarter valued at $4,663,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Columbus McKinnon in the 2nd quarter valued at $3,543,000. Institutional investors and hedge funds own 96.85% of the company's stock. About Columbus McKinnon (Get Rating)

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators.Featured ArticlesGet a free copy of the StockNews.com research report on Columbus McKinnon (CMCO)3 Safe Earnings Plays for a Risk-Off MarketTyson Foods Takes a Lickin’ and Keeps on Tickin’ LowerSmall-Cap Catalyst Pharma Is Among Market's Best Price Performers3 Stocks Growing Their Businesses for 2023China-Based EV Maker BYD Set For Big European, Japanese Expansion

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