Bank of New York Mellon Corp Has $1.05 Million Stock Position in The Manitowoc Company, Inc. (NYSE:MTW)

Bank of New York Mellon Corp lowered its position in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,477 shares of the industrial products company’s stock after selling 31,416 shares during the quarter. Bank of New York Mellon Corp owned 0.33% of Manitowoc worth $1,045,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MTW. State Street Corp grew its position in Manitowoc by 8.1% during the 3rd quarter. State Street Corp now owns 852,093 shares of the industrial products company’s stock worth $8,197,000 after purchasing an additional 64,101 shares in the last quarter. Geode Capital Management LLC raised its position in Manitowoc by 0.3% during the third quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company’s stock valued at $7,643,000 after buying an additional 2,224 shares during the period. Hodges Capital Management Inc. raised its position in Manitowoc by 93.9% during the fourth quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company’s stock valued at $4,242,000 after buying an additional 225,090 shares during the period. Empowered Funds LLC lifted its stake in Manitowoc by 5.1% in the 4th quarter. Empowered Funds LLC now owns 177,139 shares of the industrial products company’s stock worth $1,617,000 after acquiring an additional 8,639 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Manitowoc by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,936 shares of the industrial products company’s stock worth $1,192,000 after acquiring an additional 7,191 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Manitowoc Price Performance

Shares of MTW opened at $9.71 on Tuesday. The business’s 50-day moving average is $9.96 and its 200-day moving average is $9.79. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.97 and a quick ratio of 0.60. The company has a market capitalization of $340.98 million, a price-to-earnings ratio of 6.26 and a beta of 1.84. The Manitowoc Company, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $14.32.

Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. Equities research analysts expect that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal 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.