Bank of New York Mellon Corp Buys Shares of 123,640 The Manitowoc Company, Inc. $MTW

Key Points

• Bank of New York Mellon acquired 123,640 Manitowoc shares worth approximately $1.7 million, representing a 0.34% stake. Institutional investors collectively own 78.66% of MTW.
• Manitowoc exceeded quarterly expectations, reporting $0.46 earnings per share versus the $0.11 consensus estimate and revenue of $594.9 million, up 10.3% year over year. The company issued fiscal 2026 EPS guidance of $0.80–$1.20.
• Despite recent analyst upgrades, coverage remains cautious: MTW has a consensus “Sell” rating and a $14 average price target, below its reported $20.93 share price.

Bank of New York Mellon Corp purchased a new stake in shares of The Manitowoc Company, Inc. (NYSE:MTW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 123,640 shares of the industrial products company's stock, valued at approximately $1,717,000. Bank of New York Mellon Corp owned 0.34% of Manitowoc at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTW. Arrowstreet Capital Limited Partnership increased its position in Manitowoc by 37.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 401,100 shares of the industrial products company's stock valued at $4,673,000 after acquiring an additional 108,347 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Manitowoc by 100.2% in the second quarter. Assenagon Asset Management S.A. now owns 126,284 shares of the industrial products company's stock worth $1,754,000 after purchasing an additional 63,215 shares during the last quarter. Hsbc Holdings PLC boosted its position in Manitowoc by 170.6% in the fourth quarter. Hsbc Holdings PLC now owns 69,393 shares of the industrial products company's stock worth $836,000 after purchasing an additional 43,753 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Manitowoc by 55.1% during the 1st quarter. Royal Bank of Canada now owns 84,508 shares of the industrial products company's stock valued at $984,000 after purchasing an additional 30,019 shares during the period. Finally, Front Street Capital Management Inc. grew its stake in shares of Manitowoc by 1.8% during the 1st quarter. Front Street Capital Management Inc. now owns 3,321,784 shares of the industrial products company's stock valued at $38,699,000 after purchasing an additional 57,761 shares during the period. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Manitowoc Stock Performance

NYSE:MTW opened at $20.93 on Wednesday. The company has a market cap of $754.59 million, a price-to-earnings ratio of 38.05 and a beta of 1.77. The Manitowoc Company, Inc. has a 1 year low of $9.66 and a 1 year high of $21.50. The stock's 50 day simple moving average is $16.35 and its two-hundred day simple moving average is $14.05. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.11 and a quick ratio of 0.75.

Manitowoc (NYSE:MTW - Get Free Report) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.35. Manitowoc had a return on equity of 3.86% and a net margin of 0.87%.The firm had revenue of $594.90 million during the quarter, compared to the consensus estimate of $564.00 million. During the same period in the prior year, the company earned $0.08 EPS. The company's quarterly revenue was up 10.3% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. As a group, equities analysts anticipate that The Manitowoc Company, Inc. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Manitowoc from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Barclays restated an "underweight" rating and set a $16.00 target price (up from $11.00) on shares of Manitowoc in a research report on Monday, August 10th. Wells Fargo & Company upped their target price on shares of Manitowoc from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Manitowoc from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Manitowoc has a consensus rating of "Sell" and an average price target of $14.00.

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.

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