Stifel Financial Corp lifted its holdings in Manitowoc Company, Inc. (The) (NYSE:MTW) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,164 shares of the industrial products company’s stock after acquiring an additional 3,425 shares during the quarter. Stifel Financial Corp’s holdings in Manitowoc Company, Inc. (The) were worth $241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Annex Advisory Services LLC boosted its holdings in shares of Manitowoc Company, Inc. (The) by 22.3% in the 2nd quarter. Annex Advisory Services LLC now owns 17,328 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 3,158 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Manitowoc Company, Inc. (The) by 646.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 16,065 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Manitowoc Company, Inc. (The) by 704.5% in the 1st quarter. JPMorgan Chase & Co. now owns 22,903 shares of the industrial products company’s stock worth $130,000 after acquiring an additional 20,056 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of Manitowoc Company, Inc. (The) by 9.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 23,405 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 2,019 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Manitowoc Company, Inc. (The) by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 24,120 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 572 shares in the last quarter. 80.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Manitowoc Company, Inc. (NYSE MTW) opened at $10.04 on Monday. Manitowoc Company, Inc. has a 1 year low of $3.65 and a 1 year high of $10.34. 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 issued its earnings results on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.09. The company had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $396.44 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. equities research analysts forecast that Manitowoc Company, Inc. will post -0.15 earnings per share for the current fiscal year.

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Several brokerages have recently commented on MTW. Jefferies Group LLC reissued a “buy” rating and issued a $10.50 target price on shares of Manitowoc Company, Inc. (The) in a report on Friday, October 6th. Royal Bank Of Canada raised Manitowoc Company, Inc. (The) from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $7.50 to $12.00 in a report on Wednesday, November 1st. Zacks Investment Research downgraded Manitowoc Company, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Citigroup Inc. boosted their price objective on shares of Manitowoc Company, Inc. (The) from $8.50 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $8.07 price objective (up previously from $7.85) on shares of Manitowoc Company, Inc. (The) in a research report on Monday, October 9th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Manitowoc Company, Inc. (The) currently has a consensus rating of “Hold” and a consensus price target of $8.69.

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.

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

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