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

Bank of New York Mellon Corp lessened its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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’s holdings in Manitowoc were worth $1,045,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp boosted its position in Manitowoc by 8.1% during the third 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 during the period. Hodges Capital Management Inc. boosted its holdings in shares of Manitowoc by 93.9% during the 4th quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company’s stock worth $4,242,000 after buying an additional 225,090 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Manitowoc by 103.1% during the 4th quarter. Tectonic Advisors LLC now owns 79,465 shares of the industrial products company’s stock worth $726,000 after buying an additional 40,333 shares during the period. Geode Capital Management LLC grew its stake in Manitowoc by 0.3% in the 3rd 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 last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Stock Up 4.0 %

MTW stock opened at $9.71 on Tuesday. 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 50-day moving average of $9.96 and a two-hundred day moving average of $9.79. The stock 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 52-week low of $8.30 and a 52-week high of $14.32.

Manitowoc (NYSE:MTW) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. As a group, equities research analysts anticipate that The Manitowoc Company, Inc. will post 0.5 EPS for the current 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.