California Public Employees Retirement System held its position in Manitowoc Company, Inc. (The) (NYSE:MTW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,000 shares of the industrial products company’s stock at the close of the second quarter. California Public Employees Retirement System owned about 0.17% of Manitowoc Company, Inc. (The) worth $1,460,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Manitowoc Company, Inc. (The) by 4.6% during the second quarter. Vanguard Group Inc. now owns 10,621,323 shares of the industrial products company’s stock worth $63,834,000 after acquiring an additional 471,356 shares during the period. Dimensional Fund Advisors LP increased its position in Manitowoc Company, Inc. (The) by 33.0% during the first quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock worth $40,744,000 after acquiring an additional 1,771,886 shares during the period. Franklin Resources Inc. increased its position in Manitowoc Company, Inc. (The) by 14.2% during the second quarter. Franklin Resources Inc. now owns 3,549,300 shares of the industrial products company’s stock worth $21,331,000 after acquiring an additional 440,000 shares during the period. Northern Trust Corp increased its position in Manitowoc Company, Inc. (The) by 2.8% during the second quarter. Northern Trust Corp now owns 1,583,737 shares of the industrial products company’s stock worth $9,517,000 after acquiring an additional 43,163 shares during the period. Finally, Geode Capital Management LLC increased its position in Manitowoc Company, Inc. (The) by 13.1% during the first quarter. Geode Capital Management LLC now owns 1,064,981 shares of the industrial products company’s stock worth $6,070,000 after acquiring an additional 123,098 shares during the period. 80.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Manitowoc Company, Inc. (NYSE MTW) opened at $10.16 on Tuesday. Manitowoc Company, Inc. has a one year low of $3.65 and a one year high of $10.36. The company has a current ratio of 1.71, a quick ratio of 0.68 and a debt-to-equity ratio of 0.47.

Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.11. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The company had revenue of $399.40 million for the quarter, compared to the consensus estimate of $385.01 million. During the same period last year, the company posted ($0.28) EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. analysts expect that Manitowoc Company, Inc. will post -0.15 EPS for the current year.

MTW has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Robert W. Baird raised shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $6.00 to $10.00 in a research report on Wednesday, August 2nd. TheStreet raised shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday, August 7th. Finally, Credit Suisse Group increased their price objective on shares of Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Manitowoc Company, Inc. (The) presently has a consensus rating of “Hold” and an average target price of $8.69.

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Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

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Institutional Ownership by Quarter for Manitowoc Company, Inc. (The) (NYSE:MTW)

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