Columbus McKinnon (NASDAQ:CMCO) Cut to “Neutral” at DA Davidson

DA Davidson cut shares of Columbus McKinnon (NASDAQ:CMCO) from a buy rating to a neutral rating in a research report released on Tuesday, Marketbeat Ratings reports. DA Davidson currently has $35.00 target price on the industrial products company’s stock. DA Davidson also issued estimates for Columbus McKinnon’s Q4 2025 earnings at $0.75 EPS.

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday.

Columbus McKinnon Stock Performance

NASDAQ CMCO opened at $20.50 on Tuesday. Columbus McKinnon has a 1-year low of $19.55 and a 1-year high of $45.84. The company has a market capitalization of $588.15 million, a P/E ratio of 38.68 and a beta of 1.22. The business has a 50 day moving average price of $35.87 and a 200 day moving average price of $34.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings results on Monday, February 10th. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.18). Columbus McKinnon had a return on equity of 9.20% and a net margin of 1.51%. Sell-side analysts expect that Columbus McKinnon will post 2.98 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, February 7th. Columbus McKinnon’s payout ratio is 52.83%.

Institutional Investors Weigh In On Columbus McKinnon

Several hedge funds have recently made changes to their positions in CMCO. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Columbus McKinnon during the fourth quarter worth $26,416,000. Victory Capital Management Inc. boosted its holdings in shares of Columbus McKinnon by 117.8% during the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company’s stock worth $27,455,000 after purchasing an additional 398,826 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Columbus McKinnon during the fourth quarter worth $14,799,000. Segall Bryant & Hamill LLC boosted its holdings in shares of Columbus McKinnon by 95.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 730,125 shares of the industrial products company’s stock worth $27,190,000 after purchasing an additional 356,232 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Columbus McKinnon by 207.9% during the fourth quarter. Invesco Ltd. now owns 455,210 shares of the industrial products company’s stock worth $16,952,000 after purchasing an additional 307,355 shares during the last quarter. Institutional investors and hedge funds own 95.96% of the company’s stock.

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.