New insider activity at Columbus Mckinnon ( (CMCO) ) has taken place on February 25, 2025.
Director Michael Dastoor has made a significant investment by purchasing 10,000 shares of Columbus McKinnon stock, amounting to a total value of $192,100.
Recent Updates on CMCO stock
Columbus McKinnon recently announced a significant acquisition of Kito Crosby Limited for $2.7 billion, aiming to enhance its strategic position in the intelligent motion solutions market. This acquisition is expected to generate $70 million in annual cost savings and improve revenue and EBITDA, supported by committed debt financing and preferred equity investment from CD&R. Despite the strategic benefits, the company faces challenges such as declining sales, economic uncertainties, and foreign exchange impacts, which have influenced recent price target changes. DA Davidson downgraded the stock due to fiscal Q3 sales, EBITDA, and adjusted EPS falling below forecasts, coupled with concerns over pro-forma leverage and the complexity of the acquisition deal. The company is focusing on cost management and operational execution amidst these challenges, with a cautious outlook for fiscal year 2025.
More about Columbus Mckinnon
YTD Price Performance: -49.14%
Average Trading Volume: 391,829
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $540.8M