The Manitowoc Company, Inc. (NYSE:MTW) Shares Purchased by US Bancorp DE

US Bancorp DE raised its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 88.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,834 shares of the industrial products company’s stock after buying an additional 1,327 shares during the period. US Bancorp DE’s holdings in Manitowoc were worth $27,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTW. CWM LLC increased its holdings in shares of Manitowoc by 97.0% in the 2nd quarter. CWM LLC now owns 3,010 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 1,482 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Manitowoc by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,810 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 1,516 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Manitowoc by 63.0% during the second quarter. Point72 Asset Management L.P. now owns 4,728 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,828 shares in the last quarter. Goldstein Advisors LLC lifted its position in shares of Manitowoc by 14.0% during the 2nd quarter. Goldstein Advisors LLC now owns 16,300 shares of the industrial products company’s stock worth $188,000 after buying an additional 2,000 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Manitowoc in the 2nd quarter valued at $26,000. 78.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on MTW shares. Robert W. Baird cut their price target on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Manitowoc from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, October 14th. The Goldman Sachs Group decreased their target price on Manitowoc from $13.00 to $11.30 and set a “sell” rating for the company in a research report on Friday, August 9th. Barclays cut their price target on Manitowoc from $12.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com raised Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.47.

Manitowoc Stock Performance

Shares of MTW stock opened at $10.48 on Tuesday. The Manitowoc Company, Inc. has a 52-week low of $8.50 and a 52-week high of $17.65. The stock’s 50-day moving average price is $9.81 and its 200 day moving average price is $10.71. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $367.99 million, a PE ratio of -38.79 and a beta of 1.84.

Manitowoc (NYSE:MTW) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). Manitowoc had a positive return on equity of 2.40% and a negative net margin of 0.40%. The company had revenue of $524.80 million for the quarter, compared to analysts’ expectations of $516.49 million. During the same quarter last year, the company earned $0.22 EPS. Manitowoc’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that The Manitowoc Company, Inc. will post 0.46 EPS for the current year.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.