Modine Manufacturing Company $MOD Stake Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 568,299 shares of the auto parts company's stock after selling 15,866 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.08% of Modine Manufacturing worth $43,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOD. Envestnet Asset Management Inc. increased its stake in shares of Modine Manufacturing by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 50,834 shares of the auto parts company's stock valued at $5,893,000 after purchasing an additional 1,852 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Modine Manufacturing in the fourth quarter valued at $19,719,000. Barclays PLC raised its stake in Modine Manufacturing by 9.3% in the fourth quarter. Barclays PLC now owns 100,769 shares of the auto parts company's stock valued at $11,682,000 after buying an additional 8,534 shares in the last quarter. PEAK6 LLC purchased a new stake in Modine Manufacturing in the 4th quarter valued at approximately $618,000. Finally, NewEdge Advisors LLC boosted its holdings in Modine Manufacturing by 78.5% in the 4th quarter. NewEdge Advisors LLC now owns 4,767 shares of the auto parts company's stock valued at $553,000 after purchasing an additional 2,097 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Analyst Upgrades and Downgrades

MOD has been the subject of a number of research reports. KeyCorp lifted their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday. Oppenheimer lifted their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Modine Manufacturing has a consensus rating of "Buy" and an average target price of $145.67.

Insider Activity

In other news, VP Brian Jon Agen sold 47,939 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the sale, the vice president owned 90,015 shares in the company, valued at approximately $9,946,657.50. This represents a 34.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael B. Lucareli sold 40,422 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the completion of the sale, the executive vice president owned 41,920 shares in the company, valued at approximately $5,888,502.40. This trade represents a 49.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,561 shares of company stock worth $25,462,844. 2.48% of the stock is currently owned by corporate insiders.

Modine Manufacturing Stock Up 0.5%

Modine Manufacturing stock traded up $0.62 during midday trading on Thursday, hitting $135.55. 186,948 shares of the company were exchanged, compared to its average volume of 1,201,722. The company's fifty day moving average price is $110.30 and its 200-day moving average price is $95.10. The company has a market cap of $7.12 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 0.87 and a beta of 2.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $146.84.

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

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.