DA Davidson Forecasts Higher Earnings for Columbus McKinnon

Columbus McKinnon Corporation (NASDAQ:CMCO) – Stock analysts at DA Davidson upped their FY2026 EPS estimates for Columbus McKinnon in a research note issued on Thursday, November 6th. DA Davidson analyst M. Summerville now forecasts that the industrial products company will post earnings of $2.47 per share for the year, up from their prior estimate of $2.45. The consensus estimate for Columbus McKinnon’s current full-year earnings is $2.69 per share.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, February 8th. The industrial products company reported $0.36 EPS for the quarter. The company had revenue of $166.55 million during the quarter. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%.

CMCO has been the topic of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of Columbus McKinnon in a report on Wednesday, October 8th. Wall Street Zen raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $35.00.

Columbus McKinnon Price Performance

Shares of CMCO opened at $15.65 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.85 and a debt-to-equity ratio of 0.46. The stock has a market cap of $449.59 million, a PE ratio of -28.98 and a beta of 1.30. Columbus McKinnon has a 12-month low of $11.78 and a 12-month high of $41.05. The business has a 50-day simple moving average of $15.10 and a two-hundred day simple moving average of $15.35.

Columbus McKinnon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be paid a $0.07 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Columbus McKinnon’s payout ratio is currently 200.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CMCO. Simplex Trading LLC increased its stake in Columbus McKinnon by 782.2% in the second quarter. Simplex Trading LLC now owns 1,685 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 1,932 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in Columbus McKinnon by 66.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Columbus McKinnon by 267.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,893 shares in the last quarter. Signaturefd LLC raised its stake in Columbus McKinnon by 743.4% during the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company’s stock worth $41,000 after buying an additional 2,141 shares during the period. Finally, High Note Wealth LLC bought a new position in Columbus McKinnon in the first quarter worth approximately $48,000. 95.96% of the stock is owned by institutional investors.

About Columbus McKinnon

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.