Manitowoc Company, Inc. (The) (MTW) Position Increased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Manitowoc Company, Inc. (The) (NYSE:MTW) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 226,200 shares of the industrial products company’s stock after purchasing an additional 13,900 shares during the quarter. Swiss National Bank owned about 0.16% of Manitowoc Company, Inc. (The) worth $1,359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Manitowoc Company, Inc. (The) by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 10,149,967 shares of the industrial products company’s stock valued at $57,854,000 after purchasing an additional 560,479 shares during the period. Dimensional Fund Advisors LP increased its stake in Manitowoc Company, Inc. (The) by 33.0% in the 1st 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 last quarter. Southpoint Capital Advisors LP increased its stake in Manitowoc Company, Inc. (The) by 33.3% in the 1st quarter. Southpoint Capital Advisors LP now owns 6,000,000 shares of the industrial products company’s stock worth $34,200,000 after acquiring an additional 1,500,000 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Manitowoc Company, Inc. (The) by 4.0% in the 1st quarter. OppenheimerFunds Inc. now owns 1,794,538 shares of the industrial products company’s stock worth $10,228,000 after acquiring an additional 68,625 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Manitowoc Company, Inc. (The) by 13.1% in the 1st 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 last quarter. 80.98% of the stock is currently owned by institutional investors.

MTW has been the topic of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Manitowoc Company, Inc. (The) in a research note on Friday, October 6th. Robert W. Baird raised Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $6.00 to $10.00 in a research note on Wednesday, August 2nd. Deutsche Bank AG lifted their price objective on Manitowoc Company, Inc. (The) from $5.81 to $7.85 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Monday, September 11th. Finally, Credit Suisse Group lifted their price objective on 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. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.46.

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Manitowoc Company, Inc. (NYSE MTW) opened at 9.22 on Thursday. The stock has a 50 day moving average price of $8.44 and a 200-day moving average price of $6.68. Manitowoc Company, Inc. has a one year low of $3.65 and a one year high of $9.97. The stock’s market cap is $1.30 billion.

Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its quarterly 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. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $396.44 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was down 13.8% on a year-over-year basis. Equities research analysts expect that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current fiscal year.

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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