Moody National Bank Trust Division Boosts Holdings in Modine Manufacturing Company $MOD

Key Points

• Moody National Bank Trust Division increased its stake in Modine Manufacturing by 19.5%, now holding 11,530 shares valued at approximately $1,136,000.
• Several institutional investors have significantly increased their positions in Modine, with Wellington Management and Bank of New York Mellon Corp boosting their stakes by 293.7% and 384.3% respectively.
• Modine Manufacturing's stock has seen a 2.3% decline recently, opening at $154.92, despite reporting earnings of $1.06 per share, surpassing analyst estimates.

Moody National Bank Trust Division raised its stake in Modine Manufacturing Company (NYSE:MOD - Free Report) by 19.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,530 shares of the auto parts company's stock after acquiring an additional 1,885 shares during the quarter. Moody National Bank Trust Division's holdings in Modine Manufacturing were worth $1,136,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 142 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Modine Manufacturing by 245.9% in the first quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock worth $32,000 after buying an additional 300 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Modine Manufacturing during the first quarter valued at approximately $46,000. First Horizon Advisors Inc. boosted its position in shares of Modine Manufacturing by 442.4% during the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock worth $49,000 after buying an additional 522 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company's stock worth $70,000 after purchasing an additional 113 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Up 0.2%

Shares of MOD traded up $0.33 during trading hours on Tuesday, hitting $151.56. 94,485 shares of the company were exchanged, compared to its average volume of 1,147,568. The company has a market cap of $7.96 billion, a PE ratio of 43.43, a PEG ratio of 0.98 and a beta of 2.09. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $159.54. The firm's 50 day moving average is $131.21 and its 200-day moving average is $103.84. 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 data 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 business had revenue of $682.80 million during the quarter, compared to the consensus estimate of $653.80 million. During the same period in the previous year, the business earned $1.04 earnings per share. The company's revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on MOD. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Oppenheimer upped their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, KeyCorp lifted their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $145.67.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, insider Eric S. Mcginnis sold 25,173 shares of Modine Manufacturing stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.86, for a total value of $3,545,868.78. Following the completion of the sale, the insider owned 19,966 shares in the company, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Marsha C. Williams sold 25,761 shares of the company'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 completion of the transaction, the director directly owned 120,689 shares in the company, valued at approximately $16,265,256.53. The trade was a 17.59% 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 90 days. Insiders own 2.48% of the company's stock.

Modine Manufacturing Company Profile

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.