Janney Montgomery Scott LLC boosted its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,430 shares of the auto parts company's stock after purchasing an additional 2,454 shares during the quarter. Janney Montgomery Scott LLC's holdings in Modine Manufacturing were worth $1,224,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in MOD. Wellington Management Group LLP boosted its stake in Modine Manufacturing by 293.7% in the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock worth $189,479,000 after purchasing an additional 1,841,640 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 worth $65,089,000 after purchasing an additional 672,960 shares during the period. Situational Awareness LP boosted its stake 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 worth $55,016,000 after purchasing an additional 650,457 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Modine Manufacturing by 131.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 498,727 shares of the auto parts company's stock valued at $38,278,000 after acquiring an additional 283,497 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Modine Manufacturing in the 1st quarter valued at about $18,853,000. Institutional investors own 95.23% of the company's stock.
Modine Manufacturing Stock Performance
NYSE:MOD opened at $145.06 on Monday. The business has a 50 day moving average of $142.73 and a 200 day moving average of $109.74. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 0.92 and a beta of 2.06. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $159.54. 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 (NYSE:MOD - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.Modine Manufacturing's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Marsha C. Williams sold 25,761 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $134.77, for a total value of $3,471,809.97. Following the completion of the sale, the director owned 120,689 shares in the company, valued at $16,265,256.53. The trade was a 17.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian Jon Agen sold 47,939 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the sale, the vice president owned 90,015 shares of the company's stock, valued at $9,946,657.50. The trade was a 34.75% 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 worth $31,001,392 over the last ninety days. Corporate insiders own 2.48% of the company's stock.
Wall Street Analyst Weigh In
MOD has been the topic of several recent analyst reports. Zacks Research cut Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen cut Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. DA Davidson reaffirmed a "buy" rating and issued a $185.00 price target on shares of Modine Manufacturing in a report on Monday, September 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. Finally, Oppenheimer raised their price target on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.67.
Read Our Latest Stock Analysis on Modine Manufacturing
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.
See Also
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