Lazard Asset Management LLC Invests $2.76 Million in Columbus McKinnon Corporation $CMCO

Lazard Asset Management LLC bought a new position in shares of Columbus McKinnon Corporation (NASDAQ:CMCO) during the first quarter, Holdings Channel.com reports. The fund bought 189,665 shares of the industrial products company’s stock, valued at approximately $2,756,000.

A number of other large investors have also added to or reduced their stakes in CMCO. EverSource Wealth Advisors LLC lifted its holdings in Columbus McKinnon by 48.0% during 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 last quarter. Group One Trading LLC increased its holdings in shares of Columbus McKinnon by 266.7% in the third quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,600 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of 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 last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Columbus McKinnon by 267.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock worth $40,000 after buying an additional 1,893 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Columbus McKinnon by 41.4% during the 4th 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. Institutional investors own 95.96% of the company’s stock.

Key Columbus McKinnon News

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

• Positive Sentiment: JPMorgan raised its price target on Columbus McKinnon to $29 from $25 and upgraded or reaffirmed an “overweight” rating, implying substantial upside from recent levels. The call reflects increased confidence in the company’s earnings potential following the quarter’s results. Benzinga analyst action
• Positive Sentiment: Fiscal Q1 revenue and adjusted earnings exceeded expectations. Columbus McKinnon reported revenue of $531.5 million, up 125% year over year and ahead of the $501.3 million consensus estimate. Adjusted EPS was $0.61, versus expectations of $0.28 and $0.50 a year earlier. Q1 earnings and revenues
• Positive Sentiment: Demand and the Kito Crosby acquisition supported growth. Orders increased 120% to $568.1 million, producing a 1.1x book-to-bill ratio. Management said integration and synergy capture remain on track, while cash flow and margins improved. Columbus McKinnon Q1 results
• Positive Sentiment: Fiscal 2027 guidance was increased. The company projects adjusted EPS of $1.90-$2.10 and revenue of approximately $2.09-$2.15 billion, with the EPS outlook above the roughly $1.76 analyst consensus.
• Neutral Sentiment: The stock’s retreat follows a gain of more than 40% after the earnings release, suggesting some profit-taking as investors reassess valuation and execution expectations.
• Negative Sentiment: GAAP results remained weak. Columbus McKinnon posted an $88.7 million net loss, or $2.05 per diluted share, including $70.3 million in acquisition and integration costs. The company must continue converting acquisition-driven revenue growth into sustainable profitability.

Columbus McKinnon Stock Performance

NASDAQ CMCO opened at $19.17 on Friday. The firm’s 50 day simple moving average is $14.66 and its 200 day simple moving average is $16.39. The firm has a market capitalization of $552.67 million, a price-to-earnings ratio of -2.57 and a beta of 1.39. The company has a current ratio of 2.02, a quick ratio of 0.98 and a debt-to-equity ratio of 3.38. Columbus McKinnon Corporation has a 1 year low of $11.99 and a 1 year high of $24.40.

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 the consensus estimate of $0.27 by $0.34. The firm had revenue of $531.46 million during the quarter, compared to analysts’ expectations of $501.27 million. Columbus McKinnon had a positive return on equity of 9.21% and a negative net margin of 21.25%.The company’s quarterly revenue was up 125.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. As a group, research analysts expect that Columbus McKinnon Corporation will post 2 earnings per share for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, August 7th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, August 7th. Columbus McKinnon’s payout ratio is currently -3.75%.

Analyst Ratings Changes

CMCO has been the topic of several research analyst reports. Zacks Research cut shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on Columbus McKinnon from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday. DA Davidson decreased their target price on Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, June 15th. Weiss Ratings lowered Columbus McKinnon from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday. Finally, Wall Street Zen cut Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

About Columbus McKinnon

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.