Columbus McKinnon Corporation (CMCO) Hit 12-Month High on Jun, 26

June 26, 2018 - By Bridget Boland

Columbus McKinnon Corporation (NASDAQ:CMCO) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 1.36. That’s change of 0.05, from 2017Q4’s 1.41. 19 investors sold all, 39 reduced holdings as Columbus McKinnon Corporation ratio dropped. 51 rose stakes while 28 funds bought stakes. Funds hold 21.08 million shares thus 8.21% more from 2017Q4’s 19.49 million shares.
Moreover, Wells Fargo And Communications Mn has 0% invested in Columbus McKinnon Corporation (NASDAQ:CMCO) for 33,932 shs. Rice Hall James Associates Limited Co holds 334,119 shs. Brinker holds 12,596 shs. Bank Of America De reported 109,037 shs. Westwood Hldgs Gp, a Texas-based fund reported 420,502 shs. Barrow Hanley Mewhinney & Strauss Ltd Limited Liability Company owns 106,770 shs or 0.01% of their US capital. Art Ltd Liability accumulated 7,935 shs or 0.01% of the stock. Kennedy Capital Management has invested 0.24% in Columbus McKinnon Corporation (NASDAQ:CMCO). Signature, Virginia-based fund reported 14,175 shs. Pacific Ridge Partners Ltd Company invested 1.19% in Columbus McKinnon Corporation (NASDAQ:CMCO). Moreover, Vanguard Grp Inc Incorporated Inc has 0% invested in Columbus McKinnon Corporation (NASDAQ:CMCO). Driehaus Cap Mngmt Llc invested in 0.22% or 170,088 shs. California State Teachers Retirement Systems reported 0% of its capital in Columbus McKinnon Corporation (NASDAQ:CMCO). Menta Capital Ltd Liability Company invested in 10,800 shs or 0.08% of the stock. Public Employees Retirement Of Ohio holds 0.02% or 83,557 shs.

Columbus McKinnon Corporation registered $1.33 million net activity with 0 insider buys and 6 insider sales since March 5, 2018. On Thursday, May 31 $137,807 worth of Columbus McKinnon Corporation (NASDAQ:CMCO) was sold by Rustowicz Gregory P. Stewart John H. sold $13,220 worth of stock. On Thursday, May 31 Wozniak Kurt F also sold $986,448 worth of Columbus McKinnon Corporation (NASDAQ:CMCO).

Columbus McKinnon Corporation (NASDAQ:CMCO) hit $44.53 price per share also a 1-year high. It was announced on Jun, 26 by Barchart.com. It has $1.03B market cap. The company’s valuation will be $41.20 million more at $46.31 target.

CMCO touched $44.53 during the last trading session after $1.09 change.Currently Columbus McKinnon Corporation is uptrending after 54.40% change in last June 26, 2017. CMCO has 115,466 shares volume. CMCO outperformed by 41.83% the S&P500.

On August, 7 Columbus McKinnon Corporation (NASDAQ:CMCO)’s earnings release is expected by WallStreet, RTT reports. This year’s earnings per share analyst estimate is expected to be $0.60. That is 9.09 % up compareed to $0.55 earnings per share for last year. If reported the P/E will be 18.55 with $13.88M profit. After $0.51 earnings per share was announced previous quarter, analysts now see EPS growth of 17.65 % for Columbus McKinnon Corporation.

Columbus McKinnon Corporation (NASDAQ:CMCO) Ratings Coverage

Total analysts of 2 have positions in Columbus Mckinnon Corp (NASDAQ:CMCO) as follows: 2 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $50.0 highest while $4900 is the lowest target price. The average target $49.50 is 11.16% above the last ($44.53) price. Since January 10, 2018 according to StockzIntelligence Inc Columbus Mckinnon Corp has 2 analyst reports. On Wednesday, January 10 the stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given by Seaport Global. On Monday, May 14 the stock of Columbus McKinnon Corporation (NASDAQ:CMCO) has “Buy” rating given by Craig Hallum.

A couple more Columbus McKinnon Corporation (NASDAQ:CMCO) news were announced by: Seekingalpha.com which released on May 30, 2018 “Columbus McKinnon Corporation (CMCO) CEO Mark Morelli on Q4 2018 Results – Earnings Call Transcript”, also Globenewswire.com on May 29, 2018 announced “New Research: Key Drivers of Growth for Primo Water, Columbus McKinnon, Dominion Energy Midstream Partners, LP …”, the next Benzinga.com is “Earnings Scheduled For May 30, 2018” on May 30, 2018. Businesswire.com has article titled “Columbus McKinnon Names Mario Ramos as Vice President of Global Product Development”.

Columbus McKinnon Corporation designs, makes, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial end-user markets worldwide.The firm is worth $1.03 billion. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists, as well as supplies hoist trolleys; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists.46.87 is the P/E ratio. The firm also provides alloy and carbon steel chains; alloy chains under the Herc-Alloy brand; load chains and carbon steel welded-link chains; alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks, and master links; eye, shank, and ramshorn lifting hooks; and carbon steel forged and stamped products, such as load binders, logging tools, and other securing devices.

Columbus McKinnon Corporation (NASDAQ:CMCO) Institutional Investors Chart

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