Columbus Mckinnon Stock Today

CMCO Stock  USD 44.63  0.42  0.95%   

Performance

10 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Columbus McKinnon is selling at 44.63 as of the 29th of March 2024; that is 0.95 percent up since the beginning of the trading day. The stock's open price was 44.21. Columbus McKinnon has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Columbus McKinnon are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of April 2023 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
22nd of February 1996
Category
Industrials
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company was founded in 1875 and is headquartered in Buffalo, New York. Columbus Mckinnon operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. The company has 28.76 M outstanding shares of which 344.77 K shares are currently shorted by private and institutional investors with about 2.53 trading days to cover. More on Columbus McKinnon

Moving against Columbus Stock

  0.76GP GreenPower Motor Financial Report 12th of July 2024 PairCorr
  0.7MNTX Manitex International Downward RallyPairCorr
  0.68LNN Lindsay Earnings Call This WeekPairCorr
  0.65CEADW CEA Industries WarrantPairCorr
  0.65ZEVYW Lightning EMotorsPairCorr
  0.58TWI Titan International Financial Report 1st of May 2024 PairCorr
  0.58IDEX Ideanomics Earnings Call This WeekPairCorr

Columbus Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Columbus McKinnon's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Columbus McKinnon or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorMark Morelli
Business ConcentrationIndustrial Machinery & Supplies & Components, Farm & Heavy Construction Machinery, Industrials, NASDAQ Composite, NASDAQ Composite Total, Industrials, Machinery, Farm & Heavy Construction Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Columbus McKinnon report their recommendations after researching Columbus McKinnon's financial statements, talking to executives and customers, or listening in on Columbus McKinnon's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Columbus McKinnon. The Columbus consensus assessment is calculated by taking the average forecast from all of the analysts covering Columbus McKinnon.
Columbus McKinnon's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Columbus McKinnon's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Columbus McKinnon's financial leverage. It provides some insight into what part of Columbus McKinnon's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Columbus McKinnon's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Columbus McKinnon deploys its capital and how much of that capital is borrowed.
Liquidity
Columbus McKinnon cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 526.08 M in liabilities with Debt to Equity (D/E) ratio of 0.63, which is about average as compared to similar companies. Columbus McKinnon has a current ratio of 2.03, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Columbus McKinnon until it has trouble settling it off, either with new capital or with free cash flow. So, Columbus McKinnon's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Columbus McKinnon sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Columbus to invest in growth at high rates of return. When we think about Columbus McKinnon's use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

139.64 Million
Columbus McKinnon (CMCO) is traded on NASDAQ Exchange in USA. It is located in 205 Crosspoint Parkway, Buffalo, NY, United States, 14068 and employs 3,392 people. Columbus McKinnon is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Columbus McKinnon's market, we take the total number of its shares issued and multiply it by Columbus McKinnon's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Columbus McKinnon conducts business under Machinery sector and is part of Industrials industry. The entity has 28.76 M outstanding shares of which 344.77 K shares are currently shorted by private and institutional investors with about 2.53 trading days to cover. Columbus McKinnon currently holds about 88.86 M in cash with 83.64 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.11.
Check Columbus McKinnon Probability Of Bankruptcy
Ownership Allocation
Columbus McKinnon retains a total of 28.76 Million outstanding shares. The majority of Columbus McKinnon outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Columbus McKinnon to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Columbus McKinnon. Please pay attention to any change in the institutional holdings of Columbus McKinnon as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Columbus Ownership Details

Columbus Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Columbus McKinnon jumping above the current price in 90 days from now is under 4%. The Columbus McKinnon probability density function shows the probability of Columbus McKinnon stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.0244 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Columbus McKinnon will likely underperform. Additionally, columbus McKinnon has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 44.63HorizonTargetOdds Above 44.63
96.23%90 days
 44.63 
3.73%
Based on a normal probability distribution, the odds of Columbus McKinnon to move above the current price in 90 days from now is under 4 (This Columbus McKinnon probability density function shows the probability of Columbus Stock to fall within a particular range of prices over 90 days) .

Columbus Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Columbus McKinnon that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Columbus McKinnon's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Columbus McKinnon's value.
InstituionRecorded OnShares
State Street Corporation2023-12-31
644.7 K
Geode Capital Management, Llc2023-12-31
634.1 K
Aristotle Capital Boston, Llc2023-12-31
575.1 K
Granahan Investment Management Inc..2023-12-31
532.6 K
Neumeier Investment Counsel Llc2023-12-31
505.7 K
Bank Of America Corp2023-12-31
443.2 K
Mirae Asset Global Investments (korea) Co Ltd2023-12-31
425.2 K
Segall Bryant & Hamill2023-12-31
387.9 K
Lazard Asset Management Llc2023-12-31
376.1 K
Franklin Resources Inc2023-12-31
2.4 M
Blackrock Inc2023-12-31
2.4 M
View Columbus McKinnon Diagnostics

Columbus McKinnon Historical Income Statement

Columbus McKinnon Income Statement is one of the three primary financial statements used for reporting Columbus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Columbus McKinnon revenue and expense. Columbus McKinnon Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Columbus McKinnon's Income Tax Expense is very stable compared to the past year. As of the 29th of March 2024, Research Development is likely to grow to about 25.3 M, while Selling General Administrative is likely to drop about 73.1 M. View More Fundamentals

Columbus Stock Against Markets

Picking the right benchmark for Columbus McKinnon stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Columbus McKinnon stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Columbus McKinnon is critical whether you are bullish or bearish towards Columbus McKinnon at a given time. Please also check how Columbus McKinnon's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Columbus McKinnon without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Columbus McKinnon Corporate Directors

Columbus McKinnon corporate directors refer to members of a Columbus McKinnon board of directors. The board of directors generally takes responsibility for the Columbus McKinnon's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Columbus McKinnon's board members must vote for the resolution. The Columbus McKinnon board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Scott TrumbullIndependent DirectorProfile
Kathryn RoedelIndependent DirectorProfile
Linda GoodspeedIndependent DirectorProfile
Nicholas PinchukIndependent DirectorProfile

How to buy Columbus Stock?

Before investing in Columbus McKinnon, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Columbus McKinnon. To buy Columbus McKinnon stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Columbus McKinnon. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Columbus McKinnon stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Columbus McKinnon stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Columbus McKinnon stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Columbus McKinnon, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Columbus Stock please use our How to Invest in Columbus McKinnon guide.

Already Invested in Columbus McKinnon?

The danger of trading Columbus McKinnon is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Columbus McKinnon is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Columbus McKinnon. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Columbus McKinnon is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Columbus McKinnon offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Columbus McKinnon's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Columbus Mckinnon Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Columbus Mckinnon Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Columbus McKinnon. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in Columbus Stock, please use our How to Invest in Columbus McKinnon guide.
Note that the Columbus McKinnon information on this page should be used as a complementary analysis to other Columbus McKinnon's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for Columbus Stock analysis

When running Columbus McKinnon's price analysis, check to measure Columbus McKinnon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Columbus McKinnon is operating at the current time. Most of Columbus McKinnon's value examination focuses on studying past and present price action to predict the probability of Columbus McKinnon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Columbus McKinnon's price. Additionally, you may evaluate how the addition of Columbus McKinnon to your portfolios can decrease your overall portfolio volatility.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Is Columbus McKinnon's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Columbus McKinnon. If investors know Columbus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Columbus McKinnon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.19)
Dividend Share
0.28
Earnings Share
1.68
Revenue Per Share
34.926
Quarterly Revenue Growth
0.103
The market value of Columbus McKinnon is measured differently than its book value, which is the value of Columbus that is recorded on the company's balance sheet. Investors also form their own opinion of Columbus McKinnon's value that differs from its market value or its book value, called intrinsic value, which is Columbus McKinnon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Columbus McKinnon's market value can be influenced by many factors that don't directly affect Columbus McKinnon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Columbus McKinnon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Columbus McKinnon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Columbus McKinnon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.