4,000 Shares in Modine Manufacturing Company $MOD Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired a new stake in Modine Manufacturing by purchasing 4,000 shares valued at approximately $307,000 in the first quarter.
• Institutional investors collectively own 95.23% of Modine Manufacturing, with significant recent increases in stakes from firms like Wellington Management Group LLP, Bank of New York Mellon Corp, and Situational Awareness LP.
• Modine Manufacturing reported a quarterly EPS of $1.06, exceeding analysts' expectations, with a revenue of $682.8 million, marking a 3.2% increase compared to the previous year.

Strs Ohio acquired a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,000 shares of the auto parts company's stock, valued at approximately $307,000.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Modine Manufacturing by 293.7% during the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock valued at $189,479,000 after purchasing an additional 1,841,640 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Modine Manufacturing by 384.3% during the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock worth $65,089,000 after buying an additional 672,960 shares in the last quarter. Situational Awareness LP boosted its position in Modine Manufacturing by 980.1% in the 1st quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock valued at $55,016,000 after buying an additional 650,457 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Modine Manufacturing by 187.3% in the 1st quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock valued at $67,220,000 after buying an additional 571,026 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Modine Manufacturing by 131.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 498,727 shares of the auto parts company's stock worth $38,278,000 after acquiring an additional 283,497 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Stock Performance

MOD stock opened at $146.14 on Wednesday. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $159.54. The business's 50-day moving average price is $132.33 and its two-hundred day moving average price is $104.13. The firm has a market cap of $7.67 billion, a PE ratio of 41.87, a P/E/G ratio of 0.96 and a beta of 2.09. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Modine Manufacturing (NYSE:MOD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The company had revenue of $682.80 million for the quarter, compared to analyst estimates of $653.80 million. During the same quarter last year, the firm posted $1.04 earnings per share. Modine Manufacturing's revenue was up 3.2% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, research analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other Modine Manufacturing news, EVP Michael B. Lucareli sold 80,661 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. This represents a 54.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric S. Mcginnis sold 25,173 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.86, for a total value of $3,545,868.78. Following the completion of the sale, the insider owned 19,966 shares in the company, valued at approximately $2,812,410.76. This trade represents a 55.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 239,938 shares of company stock valued at $31,001,392. 2.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on MOD shares. KeyCorp raised their price target on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Oppenheimer lifted their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $145.67.

About Modine Manufacturing

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.

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