Highwater Wealth Management Exits Position in Manitowoc Company Inc (MTW)

Manitowoc Company Inc (MTW) : Highwater Wealth Management has sold out all of its stake in Manitowoc Company Inc during the most recent quarter, according to the disclosure filed by the company on Oct 3, 2016 with the SEC. The investment management company has sold out 10,000 shares of Manitowoc Company Inc which is valued at $47,800.

Manitowoc Company Inc closed down -0.12 points or -2.49% at $4.69 with 16,98,708 shares getting traded on Tuesday. Post opening the session at $4.81, the shares hit an intraday low of $4.645 and an intraday high of $4.86 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Manitowoc Company Inc reported $0.04 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.04. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $463.99 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Manitowoc Company Inc. Deutsche Bank Initiated Manitowoc Company Inc on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $5.25.

The Manitowoc Company Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry including lattice-boom cranes tower cranes mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice beverage refrigeration food-preparation holding and cooking needs of restaurants convenience stores hotels healthcare and institutional applications. Its Crane products are marketed under the Manitowoc Grove Potain National Crane Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products services and solutions are marketed under Cleveland Convotherm Dean Delfield Fabristeel Frymaster Garland Inducs Koolaire Kolpak Kysor Panel Systems and U.S. Range Lincoln Manitowoc Ice and Merrychef among others.

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