Kennedy Capital Management LLC Raises Position in The Manitowoc Company, Inc. $MTW

Kennedy Capital Management LLC increased its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 40.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 818,618 shares of the industrial products company’s stock after acquiring an additional 234,840 shares during the quarter. Kennedy Capital Management LLC’s holdings in Manitowoc were worth $9,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of Manitowoc by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock worth $277,000 after buying an additional 696 shares in the last quarter. Deutsche Bank AG raised its position in shares of Manitowoc by 6.4% in the fourth quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock worth $406,000 after buying an additional 2,025 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Manitowoc by 20.9% in the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after buying an additional 2,376 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after buying an additional 2,575 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Manitowoc by 2.5% in the fourth quarter. First Trust Advisors LP now owns 112,139 shares of the industrial products company’s stock worth $1,345,000 after buying an additional 2,755 shares in the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Insider Activity

In other news, Director Kenneth W. Krueger sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the transaction, the director directly owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MTW shares. Wall Street Zen downgraded Manitowoc from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. Finally, Barclays reduced their target price on Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Manitowoc presently has a consensus rating of “Strong Sell” and an average price target of $10.33.

Manitowoc Stock Down 0.0%

Shares of NYSE:MTW opened at $12.46 on Monday. The stock’s 50-day moving average price is $12.49 and its 200-day moving average price is $12.87. The Manitowoc Company, Inc. has a 12-month low of $9.09 and a 12-month high of $15.56. The stock has a market capitalization of $447.26 million, a P/E ratio of 62.28 and a beta of 1.75. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last announced its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17). Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The company had revenue of $494.60 million for the quarter, compared to the consensus estimate of $517.00 million. During the same period last year, the business posted ($0.16) earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities analysts anticipate that The Manitowoc Company, Inc. will post 0.68 earnings per share for the current year.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.