Raymond James Financial Services Advisors Inc. trimmed its stake in shares of Manitowoc Company, Inc. (The) (NYSE:MTW) by 31.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,179 shares of the industrial products company’s stock after selling 12,906 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Manitowoc Company, Inc. (The) were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Manitowoc Company, Inc. (The) by 33.0% during 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. Ameriprise Financial Inc. grew its position in Manitowoc Company, Inc. (The) by 8.7% during the 1st quarter. Ameriprise Financial Inc. now owns 26,318 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 2,117 shares during the last quarter. Wells Fargo & Company MN grew its position in Manitowoc Company, Inc. (The) by 17.1% during the 2nd quarter. Wells Fargo & Company MN now owns 151,840 shares of the industrial products company’s stock worth $912,000 after acquiring an additional 22,133 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Manitowoc Company, Inc. (The) by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,071,572 shares of the industrial products company’s stock worth $6,441,000 after acquiring an additional 51,175 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL grew its position in Manitowoc Company, Inc. (The) by 6.3% during the 2nd quarter. Birmingham Capital Management Co. Inc. AL now owns 28,575 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 80.68% of the company’s stock.

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Manitowoc Company, Inc. (MTW) opened at $9.68 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. Manitowoc Company, Inc. has a one year low of $4.82 and a one year high of $10.53.

Manitowoc Company, Inc. (The) (NYSE:MTW) last released its earnings results on Monday, November 6th. The industrial products company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.11. The company had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. Manitowoc Company, Inc. (The) had a negative return on equity of 6.17% and a negative net margin of 4.01%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) EPS. analysts anticipate that Manitowoc Company, Inc. will post -0.04 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Manitowoc Company, Inc. (The) from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Jefferies Group LLC reiterated a “buy” rating on shares of Manitowoc Company, Inc. (The) in a research report on Friday, November 10th. Royal Bank Of Canada upgraded Manitowoc Company, Inc. (The) from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $7.50 to $12.00 in a research report on Wednesday, November 1st. Zacks Investment Research lowered Manitowoc Company, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Citigroup Inc. lifted their price objective on 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Manitowoc Company, Inc. (The) currently has a consensus rating of “Hold” and a consensus target price of $8.97.

Manitowoc Company, Inc. (The) 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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