Rhumbline Advisers Purchases 1,754 Shares of Modine Manufacturing Company $MOD

Key Points

• Rhumbline Advisers increased its stake in Modine Manufacturing by 2.2%, owning 81,418 shares valued at approximately $6.25 million after acquiring additional shares in the first quarter.
• Modine Manufacturing stock is currently priced at $149.47, marking an increase of 1.8%, with a twelve-month market cap of $7.85 billion and a price-to-earnings ratio of 42.83.
• Despite positive earnings results with an EPS of $1.06, Wall Street analysts have mixed ratings, with one firm changing its recommendation from "buy" to "hold."

Rhumbline Advisers boosted its holdings in Modine Manufacturing Company (NYSE:MOD - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,418 shares of the auto parts company's stock after purchasing an additional 1,754 shares during the period. Rhumbline Advisers owned about 0.16% of Modine Manufacturing worth $6,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MOD. Wellington Management Group LLP grew 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 valued at $189,479,000 after purchasing an additional 1,841,640 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Modine Manufacturing by 384.3% during 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 acquiring an additional 672,960 shares during the period. Situational Awareness LP grew its stake in shares of Modine Manufacturing by 980.1% during the 1st quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock worth $55,016,000 after acquiring an additional 650,457 shares during the period. Reinhart Partners LLC. grew its stake in shares of Modine Manufacturing by 187.3% during the 1st quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock worth $67,220,000 after acquiring an additional 571,026 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Modine Manufacturing by 131.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 498,727 shares of the auto parts company's stock worth $38,278,000 after acquiring an additional 283,497 shares during the period. Institutional investors own 95.23% of the company's stock.

Modine Manufacturing Price Performance

MOD traded up $5.56 during trading on Thursday, reaching $158.04. 355,956 shares of the company were exchanged, compared to its average volume of 1,149,332. The company's 50-day moving average is $127.43 and its two-hundred day moving average is $101.90. Modine Manufacturing Company has a 12-month low of $64.79 and a 12-month high of $158.86. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 45.28, a P/E/G ratio of 0.97 and a beta of 2.09. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on MOD. Wall Street Zen downgraded Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. KeyCorp increased their price target on Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, Oppenheimer increased their price target on Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $145.67.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, Director Marsha C. Williams sold 25,761 shares of the firm's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Brian Jon Agen sold 47,939 shares of the firm'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 completion of the sale, the vice president directly owned 90,015 shares in the company, valued at approximately $9,946,657.50. The trade was a 34.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 239,938 shares of company stock worth $31,001,392. 2.48% of the stock is 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.