Tealwood Asset Management Inc. Acquires New Shares in Modine Manufacturing Company $MOD

Key Points

• Tealwood Asset Management Inc. has acquired 11,867 shares of Modine Manufacturing Company, valued at approximately $1,169,000, during the 2nd quarter.
• Insider trading activity showed significant sales, with VP Brian Jon Agen selling 47,939 shares for over $5 million and EVP Michael B. Lucareli selling 40,422 shares for nearly $5.7 million.
• Modine Manufacturing reported earnings of $1.06 per share for the last quarter, exceeding expectations and indicating a 3.2% revenue increase year-over-year.

Tealwood Asset Management Inc. acquired a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 11,867 shares of the auto parts company's stock, valued at approximately $1,169,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Modine Manufacturing by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after purchasing an additional 142 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Modine Manufacturing by 245.9% in the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Maseco LLP acquired a new stake in shares of Modine Manufacturing in the 2nd quarter valued at $51,000. Central Pacific Bank Trust Division acquired a new stake in shares of Modine Manufacturing in the 1st quarter valued at $46,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock valued at $49,000 after purchasing an additional 522 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company's stock.

Insiders Place Their Bets

In related news, VP Brian Jon Agen sold 47,939 shares of the 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 owned 90,015 shares in the company, valued at approximately $9,946,657.50. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael B. Lucareli sold 40,422 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the completion of the sale, the executive vice president owned 41,920 shares of the company's stock, valued at approximately $5,888,502.40. The trade was a 49.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,938 shares of company stock valued at $31,001,392 in the last quarter. 2.48% of the stock is currently owned by insiders.

Modine Manufacturing Stock Up 2.0%

Modine Manufacturing stock opened at $141.41 on Tuesday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 40.52, a P/E/G ratio of 0.88 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 fifty-two week low of $64.79 and a fifty-two week high of $159.54. The firm has a fifty day moving average price of $135.84 and a two-hundred day moving average price of $105.89.

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, 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 analysts' expectations of $653.80 million. During the same quarter last year, the company earned $1.04 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. DA Davidson reissued a "buy" rating and set a $185.00 target price on shares of Modine Manufacturing in a research report on Monday. Oppenheimer boosted their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, KeyCorp boosted their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Modine Manufacturing currently has an average rating of "Buy" and a consensus target price of $155.67.

Modine Manufacturing 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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