Blair William & Co. IL boosted its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 26.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,634 shares of the auto parts company's stock after buying an additional 16,641 shares during the quarter. Blair William & Co. IL owned 0.15% of Modine Manufacturing worth $7,942,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vontobel Holding Ltd. purchased a new stake in shares of Modine Manufacturing during the second quarter valued at $1,097,000. Independent Solutions Wealth Management LLC boosted its stake in shares of Modine Manufacturing by 3.5% during the second quarter. Independent Solutions Wealth Management LLC now owns 16,157 shares of the auto parts company's stock valued at $1,591,000 after purchasing an additional 543 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Modine Manufacturing by 7.9% during the second quarter. KLP Kapitalforvaltning AS now owns 10,900 shares of the auto parts company's stock valued at $1,074,000 after purchasing an additional 800 shares during the period. Truist Financial Corp boosted its stake in shares of Modine Manufacturing by 12.7% during the second quarter. Truist Financial Corp now owns 10,194 shares of the auto parts company's stock valued at $1,004,000 after purchasing an additional 1,147 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its stake in shares of Modine Manufacturing by 5.0% during the second quarter. Campbell Newman Asset Management Inc. now owns 25,384 shares of the auto parts company's stock valued at $2,500,000 after purchasing an additional 1,217 shares during the period. 95.23% of the stock is owned by hedge funds and other institutional investors.
Modine Manufacturing Price Performance
Shares of NYSE:MOD opened at $145.06 on Friday. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $159.54. The company's 50 day moving average is $142.73 and its 200 day moving average is $109.54. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.61 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 0.92 and a beta of 2.06.
Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.13. The company had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. Modine Manufacturing's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on MOD shares. Zacks Research lowered shares of Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. KeyCorp upped their price objective on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Oppenheimer upped their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Modine Manufacturing in a research note on Wednesday. Finally, DA Davidson reaffirmed a "buy" rating and issued a $185.00 price objective on shares of Modine Manufacturing in a research note on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Modine Manufacturing has a consensus rating of "Moderate Buy" and an average price target of $155.67.
Check Out Our Latest Research Report on Modine Manufacturing
Insider Activity
In other Modine Manufacturing news, Director Suresh V. Garimella sold 14,204 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total value of $1,992,679.16. Following the transaction, the director owned 82,056 shares in the company, valued at approximately $11,511,636.24. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael B. Lucareli sold 80,661 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $128.33, for a total value of $10,351,226.13. Following the completion of the transaction, the executive vice president owned 66,920 shares in the company, valued at $8,587,843.60. The trade was a 54.66% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,938 shares of company stock worth $31,001,392. Insiders own 2.48% of the company's stock.
Modine Manufacturing Profile
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Free Report)
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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