Columbus McKinnon Corp. (NASDAQ:CMCO) CFO Gregory P. Rustowicz Sells 11,942 Shares
Columbus McKinnon Corp. (NASDAQ:CMCO) CFO Gregory P. Rustowicz sold 11,942 shares of Columbus McKinnon stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $38.92, for a total value of $464,782.64. Following the completion of the transaction, the chief financial officer now owns 63,100 shares in the company, valued at $2,455,852. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Columbus McKinnon stock opened at $38.70 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.02 and a debt-to-equity ratio of 0.55. Columbus McKinnon Corp. has a 1-year low of $27.66 and a 1-year high of $45.85. The company has a market capitalization of $907.09 million, a P/E ratio of 14.12 and a beta of 1.75.
Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Tuesday, May 28th. The industrial products company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. Columbus McKinnon had a return on equity of 15.41% and a net margin of 4.86%. The firm had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.59 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Columbus McKinnon Corp. will post 3 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. BidaskClub upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Zacks Investment Research downgraded Columbus McKinnon from a “hold” rating to a “sell” rating in a research note on Friday, May 31st. Finally, ValuEngine upgraded Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.50.
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Columbus McKinnon Company Profile
Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.
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