Modine Manufacturing Company $MOD Stake Increased by Moody National Bank Trust Division

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

A number of other hedge funds and other institutional investors have also made changes to their positions in MOD. Wellington Management Group LLP increased its stake in shares of Modine Manufacturing by 293.7% in the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock worth $189,479,000 after buying an additional 1,841,640 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Modine Manufacturing by 384.3% in the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock worth $65,089,000 after buying an additional 672,960 shares during the last quarter. Situational Awareness LP increased its stake in shares of Modine Manufacturing by 980.1% in the first quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company's stock worth $55,016,000 after buying an additional 650,457 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Modine Manufacturing by 187.3% in the first quarter. Reinhart Partners LLC. now owns 875,834 shares of the auto parts company's stock worth $67,220,000 after buying an additional 571,026 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Modine Manufacturing by 131.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 498,727 shares of the auto parts company's stock worth $38,278,000 after buying an additional 283,497 shares during the last quarter. Institutional investors own 95.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on MOD shares. KeyCorp boosted their target price 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. 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, Oppenheimer boosted 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $145.67.

Insiders Place Their Bets

In related news, Director Marsha C. Williams sold 25,761 shares of the company's stock in a transaction dated Monday, August 11th. The shares were 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 of the company's stock, valued at $16,265,256.53. This represents a 17.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Eric S. Mcginnis sold 25,173 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the completion of the sale, the insider directly owned 19,966 shares of the company's stock, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 239,938 shares of company stock valued at $31,001,392. Corporate insiders own 2.48% of the company's stock.

Modine Manufacturing Stock Down 2.3%

Modine Manufacturing stock opened at $154.92 on Friday. The company has a 50-day simple moving average of $130.00 and a 200-day simple moving average of $102.99. The firm has a market capitalization of $8.13 billion, a P/E ratio of 44.39, a P/E/G 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 Company has a one year low of $64.79 and a one year high of $159.54.

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

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.

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