Press coverage about Columbus McKinnon Corporation (NASDAQ:CMCO) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Columbus McKinnon Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.982398983467 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Former Director and Officer of Columbus McKinnon Corporation (NASDAQ:CMCO), Tevens Timothy T, sells 45,172 shares worth $1,479,835 (empowerednews.net)
- Columbus McKinnon Corporation (CMCO) VP Sells $940,732.65 in Stock (americanbankingnews.com)
- Columbus McKinnon Corporation (CMCO) Director Sells $1,479,834.72 in Stock (americanbankingnews.com)
- Columbus McKinnon (CMCO) Shares March Higher, Can It Continue? (zacks.com)
- Insider Trading Activity Columbus McKinnon Corporation (NASDAQ:CMCO) – VP Sold 4,253 shares of Stock (4-traders.com)
CMCO has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Columbus McKinnon Corporation from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Roth Capital initiated coverage on shares of Columbus McKinnon Corporation in a research note on Friday, July 28th. They issued a “buy” rating and a $33.00 price objective for the company. BidaskClub lowered shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $34.50.
Shares of Columbus McKinnon Corporation (CMCO) traded up 0.16% during trading on Friday, hitting $31.64. 86,706 shares of the company were exchanged. The stock has a market capitalization of $715.86 million, a PE ratio of 47.94 and a beta of 1.92. The company has a 50 day moving average of $27.08 and a 200-day moving average of $26.29. Columbus McKinnon Corporation has a 1-year low of $16.41 and a 1-year high of $33.12.
Columbus McKinnon Corporation (NASDAQ:CMCO) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.23. The business had revenue of $203.70 million for the quarter, compared to analysts’ expectations of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The business’s revenue for the quarter was up 36.7% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. On average, analysts forecast that Columbus McKinnon Corporation will post $1.90 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.16 annualized dividend and a yield of 0.51%. Columbus McKinnon Corporation’s payout ratio is 25.00%.
In other Columbus McKinnon Corporation news, VP Alan S. Korman sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $27.13, for a total value of $81,390.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gene P. Buer sold 10,669 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $31.66, for a total value of $337,780.54. The disclosure for this sale can be found here. Insiders sold 102,159 shares of company stock worth $3,301,082 over the last three months. Insiders own 3.91% of the company’s stock.
About Columbus McKinnon Corporation
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