Modine Manufacturing Company $MOD Shares Bought by Rhumbline Advisers

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 raised its holdings in Modine Manufacturing Company (NYSE:MOD - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 81,418 shares of the auto parts company's stock after acquiring an additional 1,754 shares during the period. Rhumbline Advisers owned 0.16% of Modine Manufacturing worth $6,249,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Strs Ohio acquired a new position in Modine Manufacturing in the 1st quarter valued at $307,000. Intech Investment Management LLC raised its holdings in Modine Manufacturing by 38.8% in the 1st quarter. Intech Investment Management LLC now owns 34,501 shares of the auto parts company's stock valued at $2,648,000 after acquiring an additional 9,646 shares during the last quarter. Zimmer Partners LP purchased a new stake in shares of Modine Manufacturing during the 1st quarter valued at $768,000. Great Lakes Advisors LLC purchased a new stake in shares of Modine Manufacturing during the 1st quarter valued at $1,069,000. Finally, Front Street Capital Management Inc. grew its stake in shares of Modine Manufacturing by 0.5% during the 1st quarter. Front Street Capital Management Inc. now owns 77,930 shares of the auto parts company's stock valued at $5,981,000 after buying an additional 410 shares during the period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Modine Manufacturing Stock Up 1.8%

Shares of Modine Manufacturing stock opened at $149.47 on Friday. The company has a fifty day moving average price of $124.22 and a 200 day moving average price of $100.46. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $154.00. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 0.93 and a beta of 2.09.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced 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. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The firm had revenue of $682.80 million during the quarter, compared to analysts' expectations of $653.80 million. During the same period in the prior year, the company earned $1.04 EPS. The firm's revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities research analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MOD shares. Wall Street Zen cut shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Oppenheimer boosted their price objective 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. Finally, KeyCorp boosted their price objective on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Modine Manufacturing presently has a consensus rating of "Buy" and an average target price of $145.67.

Insider Activity

In other Modine Manufacturing news, 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 value of $5,678,078.34. Following the completion of the transaction, the executive vice president directly owned 41,920 shares of the company's stock, valued at $5,888,502.40. This represents a 49.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $5,297,259.50. Following the completion of the transaction, the vice president directly owned 90,015 shares of the company's stock, valued at approximately $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 239,938 shares of company stock worth $31,001,392 in the last quarter. Insiders own 2.48% of the company's stock.

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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