Columbus McKinnon Corp. (NASDAQ:CMCO) announced a quarterly dividend on Wednesday, January 27th, AnalystRatings.NET reports. Investors of record on Friday, February 12th will be paid a dividend of 0.04 per share on Monday, February 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 10th.

A number of brokerages recently weighed in on CMCO. Zacks Investment Research cut shares of Columbus McKinnon Corp. from a “hold” rating to a “sell” rating in a research note on Monday, January 18th. Sidoti upgraded shares of Columbus McKinnon Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, November 26th. Seaport Global Securities cut shares of Columbus McKinnon Corp. from an “accumulate” rating to a “neutral” rating and cut their price objective for the company from $21.00 to $17.00 in a research note on Friday, January 15th. Finally, Citigroup Inc. cut shares of Columbus McKinnon Corp. to a “neutral” rating and cut their price objective for the company from $21.00 to $17.00 in a research note on Friday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Columbus McKinnon Corp. presently has an average rating of “Hold” and a consensus price target of $23.40.

Shares of Columbus McKinnon Corp. (NASDAQ:CMCO) opened at 14.01 on Thursday. The company has a market capitalization of $281.62 million and a PE ratio of 17.47. Columbus McKinnon Corp. has a 12 month low of $12.81 and a 12 month high of $27.66. The firm has a 50-day moving average of $17.43 and a 200 day moving average of $19.38.

Columbus McKinnon Corp. (NASDAQ:CMCO) last issued its earnings results on Friday, October 30th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.02. During the same period last year, the firm earned $0.53 EPS. The company earned $146 million during the quarter, compared to analyst estimates of $143.63 million. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts expect that Columbus McKinnon Corp. will post $1.66 earnings per share for the current fiscal year.

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, rigging tools, cranes, actuators and other material handling products serving a range of commercial and industrial end user markets. The Company’s products include a range of electric, air-powered, lever and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters, and tire shredders. The Company’s products are used in a range of industries, including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, oil and gas exploration and refining, ship building, transportation and heavy duty trucking, agriculture, logging and mining.

12 Month Chart for NASDAQ:CMCO

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