The Manitowoc Company, Inc. (NYSE:MTW) Shares Sold by De Lisle Partners LLP

De Lisle Partners LLP reduced its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 71.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,750 shares of the industrial products company’s stock after selling 60,162 shares during the quarter. De Lisle Partners LLP’s holdings in Manitowoc were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MTW. Isthmus Partners LLC boosted its position in shares of Manitowoc by 1.8% in the 2nd quarter. Isthmus Partners LLC now owns 214,984 shares of the industrial products company’s stock worth $25,000 after buying an additional 3,767 shares in the last quarter. Innealta Capital LLC acquired a new position in Manitowoc during the second quarter worth about $26,000. US Bancorp DE lifted its holdings in shares of Manitowoc by 88.1% in the third quarter. US Bancorp DE now owns 2,834 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,327 shares in the last quarter. CWM LLC grew its position in shares of Manitowoc by 97.0% in the second quarter. CWM LLC now owns 3,010 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 1,482 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Manitowoc during the 3rd quarter worth approximately $51,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Manitowoc Stock Performance

NYSE MTW opened at $10.63 on Friday. The Manitowoc Company, Inc. has a 12 month low of $8.50 and a 12 month high of $17.65. 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 company has a 50-day moving average of $9.95 and a 200-day moving average of $10.63.

Manitowoc (NYSE:MTW) last issued 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). The company had revenue of $524.80 million for the quarter, compared to analyst estimates of $516.49 million. Manitowoc had a positive return on equity of 2.40% and a negative net margin of 0.40%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. On average, analysts anticipate that The Manitowoc Company, Inc. will post 0.46 earnings per share for the current year.

About Manitowoc

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.