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

De Lisle Partners LLP reduced its position in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 71.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 owned 0.07% of Manitowoc worth $229,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Manitowoc by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,810 shares of the industrial products company's stock worth $563,000 after purchasing an additional 1,516 shares during the last quarter. Boston Partners boosted its position in Manitowoc by 22.9% in the 1st quarter. Boston Partners now owns 15,422 shares of the industrial products company's stock valued at $218,000 after buying an additional 2,874 shares during the period. CWM LLC boosted its position in Manitowoc by 97.0% in the 2nd quarter. CWM LLC now owns 3,010 shares of the industrial products company's stock valued at $35,000 after buying an additional 1,482 shares during the period. Strong Tower Advisory Services bought a new position in Manitowoc in the 2nd quarter worth about $173,000. Finally, TCW Group Inc. increased its position in shares of Manitowoc by 65.4% during the second quarter. TCW Group Inc. now owns 406,186 shares of the industrial products company's stock worth $4,683,000 after acquiring an additional 160,601 shares during the period. Institutional investors own 78.66% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MTW. Barclays cut their price target on Manitowoc from $12.00 to $9.00 and set an "underweight" rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of Manitowoc from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. The Goldman Sachs Group lowered their price target 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. StockNews.com raised shares of Manitowoc from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, Robert W. Baird lowered their target price on Manitowoc from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.47.

Manitowoc Price Performance

Shares of Manitowoc stock remained flat at $10.63 on Friday. The company had a trading volume of 157,338 shares, compared to its average volume of 279,669. The Manitowoc Company, Inc. has a 12-month low of $8.50 and a 12-month high of $17.65. The company has a fifty day simple moving average of $9.96 and a 200 day simple moving average of $10.63. 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 market capitalization of $373.40 million, a price-to-earnings ratio of -39.37 and a beta of 1.84.

Manitowoc (NYSE:MTW - Get Free Report) last posted 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 business had revenue of $524.80 million during the quarter, compared to analysts' expectations of $516.49 million. Manitowoc had a negative net margin of 0.40% and a positive return on equity of 2.40%. Manitowoc's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Research analysts forecast that The Manitowoc Company, Inc. will post 0.46 EPS 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.