Modine Manufacturing Company $MOD Stock Holdings Trimmed by Register Financial Advisors LLC

Key Points

• Register Financial Advisors LLC reduced its stake in Modine Manufacturing Company by 10.3%, owning 18,300 shares worth approximately $1.8 million after selling 2,100 shares in the second quarter.
• Major institutional investors, including Vanguard Group and Wellington Management, have recently increased their holdings in Modine Manufacturing, indicating strong interest from the market.
• Analysts have set a new consensus price target of $145.67 for Modine Manufacturing, with recent ratings suggesting a mix of "buy" and "hold" positions.

Register Financial Advisors LLC reduced its position in Modine Manufacturing Company (NYSE:MOD - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,300 shares of the auto parts company's stock after selling 2,100 shares during the quarter. Register Financial Advisors LLC's holdings in Modine Manufacturing were worth $1,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Modine Manufacturing by 2.5% during the first quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock valued at $398,145,000 after purchasing an additional 128,587 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Modine Manufacturing by 293.7% during the first 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 last quarter. Reinhart Partners LLC. grew its holdings in shares of Modine Manufacturing by 24.6% during the second quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company's stock valued at $107,520,000 after purchasing an additional 215,727 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Modine Manufacturing by 384.3% during the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company's stock valued at $65,089,000 after purchasing an additional 672,960 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Modine Manufacturing by 27.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company's stock valued at $64,653,000 after purchasing an additional 180,539 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MOD has been the subject of several recent research reports. KeyCorp upped their target price on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Oppenheimer upped their target price on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen lowered Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Modine Manufacturing has an average rating of "Buy" and a consensus price target of $145.67.

Modine Manufacturing Stock Performance

MOD opened at $135.62 on Friday. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 0.90 and a beta of 2.09. 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 Company has a 1-year low of $64.79 and a 1-year high of $159.54. The business has a 50 day moving average price of $134.08 and a two-hundred day moving average price of $104.79.

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 firm 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%.The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Research analysts predict that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insider Transactions at Modine Manufacturing

In other Modine Manufacturing news, EVP Michael B. Lucareli sold 40,422 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $140.47, for a total value of $5,678,078.34. Following the completion of the sale, the executive vice president directly owned 41,920 shares in the company, valued at $5,888,502.40. This represents a 49.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the sale, the director owned 82,056 shares of the company's stock, valued at $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 239,938 shares of company stock valued at $31,001,392 over the last three months. 2.48% of the stock is owned by company 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.

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