Vanguard Trims Manitowoc Stake to 17.5% as of Dec 29, 2023

TL;DR

**Vanguard cut its stake in Manitowoc to 17.5%, watch for potential stock movement.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Manitowoc Co Inc. As of December 29, 2023, Vanguard beneficially owned 6,050,422 shares of Manitowoc's Common Stock, representing 17.5% of the company. This filing indicates a slight decrease in their reported stake from previous filings, which could signal a minor shift in Vanguard's investment strategy for Manitowoc, potentially impacting investor sentiment.

Why It Matters

This matters because Vanguard is a significant institutional investor, and changes in their holdings can influence market perception and potentially the stock price of Manitowoc Co Inc.

Risk Assessment

Risk Level: low — The change in ownership by a large institutional investor like Vanguard is a routine disclosure and does not inherently pose a high risk to the company or its investors.

Analyst Insight

Investors should note Vanguard's slight reduction in ownership, but given their passive investment strategy, this change is unlikely to signal a major shift in Manitowoc's fundamentals. It's prudent to monitor future filings for further changes in institutional ownership and consider this in the context of broader market trends and company performance.

Key Numbers

• 6,050,422 — Shares Beneficially Owned (Represents the total number of Common Stock shares of Manitowoc Co Inc owned by The Vanguard Group as of December 29, 2023.)
• 17.5% — Percentage of Class (Indicates the proportion of Manitowoc Co Inc's Common Stock beneficially owned by The Vanguard Group, a significant stake.)

Key Players & Entities

• The Vanguard Group (company) — reporting person, institutional investor
• Manitowoc Co Inc (company) — subject company, issuer of securities
• 6,050,422 (dollar_amount) — number of shares beneficially owned by Vanguard
• 17.5% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, albeit slightly reduced, stake in Manitowoc Co Inc. (The Vanguard Group) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• tv01392-manitowoccoincthe.htm (SC 13G/A) — 11KB
• 0001104659-24-021399.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Manitowoc Co Inc/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: One Park Plaza, 11270 West Park Place, Suite 1000 Milwaukee, WI 53224

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 563571405

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR