Public Employees Retirement System of Ohio Makes New Investment in The Manitowoc Company, Inc. $MTW

Public Employees Retirement System of Ohio acquired a new stake in shares of The Manitowoc Company, Inc. (NYSE:MTW) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 32,340 shares of the industrial products company’s stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTW. Franklin Resources Inc. lifted its stake in shares of Manitowoc by 3.1% in the 4th quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 696 shares during the period. Deutsche Bank AG grew its stake in Manitowoc by 6.4% in the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 2,025 shares during the period. Intech Investment Management LLC grew its stake in Manitowoc by 20.9% in the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 2,376 shares during the period. Tower Research Capital LLC TRC raised its holdings in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 2,575 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Manitowoc by 5.1% in the first quarter. Sei Investments Co. now owns 56,581 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 2,733 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTW shares. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Wells Fargo & Company increased their price target on shares of Manitowoc from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, August 13th. Barclays reissued an “underweight” rating and set a $16.00 price target (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Manitowoc from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus price target of $14.00.

Manitowoc Stock Down 2.4%

Shares of NYSE:MTW opened at $20.49 on Friday. The stock has a fifty day simple moving average of $16.67 and a two-hundred day simple moving average of $14.14. The stock has a market capitalization of $738.98 million, a price-to-earnings ratio of 37.26 and a beta of 1.77. The Manitowoc Company, Inc. has a 12-month low of $9.66 and a 12-month high of $21.50. The company has a current ratio of 2.11, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66.

Manitowoc (NYSE:MTW) last released its earnings results on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.35. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%.The firm had revenue of $594.90 million for the quarter, compared to analysts’ expectations of $564.00 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. On average, research analysts anticipate that The Manitowoc Company, Inc. will post 1 earnings per share for the current fiscal year.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.