Demars Financial Group LLC Takes Position in Modine Manufacturing Company $MOD

Key Points

• Demars Financial Group LLC has acquired a new stake in Modine Manufacturing Company, purchasing 2,551 shares valued at approximately $251,000 during the 2nd quarter.
• Major institutional investors have significantly increased their holdings in Modine, including Bessemer Group Inc., which grew its position by 9,728.6% in the first quarter, currently owning 3,440 shares valued at $264,000.
• Modine reported a net margin of 7.21% and earnings per share of $1.06 for the last quarter, exceeding analysts' expectations, while setting a guidance for a FY 2026 EPS of 3.88.

Demars Financial Group LLC purchased a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,551 shares of the auto parts company's stock, valued at approximately $251,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Modine Manufacturing by 63.1% in the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 142 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Modine Manufacturing by 9,728.6% in the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company's stock valued at $264,000 after purchasing an additional 3,405 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Modine Manufacturing by 159.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock valued at $766,000 after purchasing an additional 6,134 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Modine Manufacturing by 384.3% in the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock valued at $65,089,000 after purchasing an additional 672,960 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Modine Manufacturing by 16.0% in the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company's stock valued at $185,000 after purchasing an additional 333 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Modine Manufacturing

In other Modine Manufacturing news, VP Brian Jon Agen sold 47,939 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total transaction of $5,297,259.50. Following the transaction, the vice president owned 90,015 shares of the company's stock, valued at $9,946,657.50. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the transaction, the director directly owned 82,056 shares in the company, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 239,938 shares of company stock valued at $31,001,392 over the last 90 days. 2.48% of the stock is currently owned by insiders.

Modine Manufacturing Stock Performance

NYSE:MOD opened at $153.65 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company has a market cap of $8.07 billion, a P/E ratio of 44.03, a P/E/G ratio of 0.98 and a beta of 2.06. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $164.89. The firm's 50 day moving average is $144.61 and its two-hundred day moving average is $112.44.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates 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 revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. Oppenheimer upped their price objective on shares of Modine Manufacturing from $145.00 to $180.00 and gave the company an "outperform" rating in a research note on Tuesday, October 14th. Wall Street Zen downgraded shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. KeyCorp upped their price objective on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Finally, DA Davidson reissued a "buy" rating and set a $185.00 price objective on shares of Modine Manufacturing in a research note on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $180.00.

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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