Modine Manufacturing Company $MOD Stake Lifted by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Modine Manufacturing Company by 38.8%, now owning 34,501 shares valued at approximately $2.65 million.
• Insider sales included Eric S. Mcginnis and EVP Michael B. Lucareli, who collectively sold over $9 million worth of company stock in August.
• Analysts remain optimistic, with KeyCorp raising Modine's price target to $160.00 and several analysts rating the stock as "Buy" despite differing opinions on its current valuation.

Intech Investment Management LLC grew its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 38.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,501 shares of the auto parts company's stock after purchasing an additional 9,646 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of Modine Manufacturing worth $2,648,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Modine Manufacturing by 63.1% in the 1st 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 in the last quarter. Bessemer Group Inc. raised its stake in shares of Modine Manufacturing by 9,728.6% in the 1st 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Modine Manufacturing by 159.7% in the 1st 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 in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Modine Manufacturing by 384.3% in the 1st 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 in the last quarter. Finally, KBC Group NV raised its stake in shares of Modine Manufacturing by 16.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Stock Performance

Shares of NYSE:MOD traded down $3.65 during trading hours on Friday, hitting $154.92. The stock had a trading volume of 1,312,486 shares, compared to its average volume of 696,056. The stock's fifty day simple moving average is $130.00 and its 200 day simple moving average is $102.99. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $159.54. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 44.39, a PEG ratio of 1.01 and a beta of 2.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.93 by $0.13. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. 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 business earned $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. Sell-side analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MOD. Oppenheimer upped their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. 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, KeyCorp increased 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Modine Manufacturing currently has a consensus rating of "Buy" and an average price target of $145.67.

Insiders Place Their Bets

In other news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the transaction, the director directly owned 82,056 shares in the company, valued at $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the completion of the transaction, the director owned 120,689 shares of the company's stock, valued at $16,265,256.53. This trade represents a 17.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 239,938 shares of company stock valued at $31,001,392. 2.48% of the stock is currently owned by insiders.

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.