JPMorgan Chase & Co. Raises Columbus McKinnon (NASDAQ:CMCO) Price Target to $29.00

Columbus McKinnon (NASDAQ:CMCO) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $25.00 to $29.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 52.51% from the company’s previous close.

A number of other analysts also recently commented on CMCO. Wall Street Zen downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. DA Davidson decreased their target price on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Zacks Research lowered Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Columbus McKinnon has a consensus rating of “Hold” and a consensus target price of $23.00.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO traded down $1.67 during mid-day trading on Friday, reaching $19.02. 614,164 shares of the company traded hands, compared to its average volume of 515,014. Columbus McKinnon has a fifty-two week low of $11.99 and a fifty-two week high of $24.40. The firm has a market cap of $548.20 million, a PE ratio of -3.47 and a beta of 1.39. The stock has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $16.37. The company has a debt-to-equity ratio of 3.38, a current ratio of 2.02 and a quick ratio of 0.98.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Thursday, July 30th. The industrial products company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.33. The firm had revenue of $531.46 million during the quarter, compared to the consensus estimate of $501.27 million. Columbus McKinnon had a positive return on equity of 7.09% and a negative net margin of 19.23%.The firm’s revenue for the quarter was up 125.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. Equities research analysts anticipate that Columbus McKinnon will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Columbus McKinnon

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Columbus McKinnon by 48.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,741 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 565 shares during the period. Group One Trading LLC raised its holdings in Columbus McKinnon by 266.7% during the 3rd quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,600 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Columbus McKinnon by 66.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock worth $36,000 after buying an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its stake in Columbus McKinnon by 267.8% during the second 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. Finally, Royal Bank of Canada boosted its holdings in shares of Columbus McKinnon by 41.4% in the fourth quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock worth $54,000 after buying an additional 918 shares during the period. 95.96% of the stock is owned by institutional investors and hedge funds.

Columbus McKinnon News Summary

Here are the key news stories impacting Columbus McKinnon this week:

• Positive Sentiment: Earnings and revenue exceeded expectations. Adjusted EPS was $0.61, well above the $0.28 consensus estimate and up from $0.50 a year earlier. Revenue reached $531.5 million versus expectations of $501.3 million, representing 125% year-over-year growth. Columbus McKinnon Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Acquisition-driven growth was supported by strong demand. The Kito Crosby acquisition drove much of the sales increase, while orders rose 120% to $568.1 million. A 1.1x book-to-bill ratio indicates orders exceeded sales, potentially supporting revenue in coming quarters. Columbus McKinnon Reports Record Orders and Sales
• Positive Sentiment: Fiscal 2027 guidance was raised. CMCO now expects adjusted EPS of $1.90 to $2.10, above the roughly $1.76 analyst consensus, and revenue of approximately $2.09 billion to $2.15 billion. Management also said Kito Crosby integration and synergy capture remain on track, with improved margins and cash flow. Columbus McKinnon Posts Record Q1 Results After Acquisition
• Neutral Sentiment: Management’s earnings call reinforced the outlook. Executives highlighted solid performance in both legacy Columbus McKinnon operations and Kito Crosby, while pointing to stronger positioning for the second half of fiscal 2027. CMCO Q1 2027 Earnings Call Transcript
• Negative Sentiment: GAAP profitability and leverage remain concerns. CMCO reported an $88.7 million net loss, or $2.05 per share, including $70.3 million in acquisition and integration expenses. The company also carries a debt-to-equity ratio of 3.38, and recent insider activity showed sales rather than purchases.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.