Truvestments Capital LLC Has $850,000 Position in Modine Manufacturing Company $MOD

Key Points

• Truvestments Capital LLC increased its stake in Modine Manufacturing Company by 32.1%, acquiring an additional 2,690 shares, bringing its total to 11,076 shares valued at approximately $850,000.
• Several institutional investors, including GAMMA Investing LLC and Bank of New York Mellon Corp, have also significantly increased their positions in Modine Manufacturing during the 1st quarter.
• Modine Manufacturing's stock has been downgraded from a "buy" to a "hold" by Wall Street Zen, yet it still holds a consensus rating of "Buy" with a target price of $145.67 from analysts.

Truvestments Capital LLC raised its stake in shares of Modine Manufacturing Company (NYSE:MOD - Free Report) by 32.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,076 shares of the auto parts company's stock after acquiring an additional 2,690 shares during the quarter. Truvestments Capital LLC's holdings in Modine Manufacturing were worth $850,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MOD. GAMMA Investing LLC lifted 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 during the period. Versant Capital Management Inc lifted its holdings in shares of Modine Manufacturing by 245.9% during the first quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 300 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Modine Manufacturing during the first quarter valued at $46,000. First Horizon Advisors Inc. lifted its holdings 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 valued at $49,000 after acquiring an additional 522 shares during the period. Finally, IFP Advisors Inc lifted its holdings 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 valued at $70,000 after acquiring an additional 113 shares during the period. 95.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MOD shares. Oppenheimer lifted their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Wall Street Zen cut Modine Manufacturing from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, KeyCorp lifted their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of "Buy" and a consensus price target of $145.67.

Insider Transactions at Modine Manufacturing

In related news, Director Marsha C. Williams sold 25,761 shares of Modine Manufacturing 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 sale, the director directly owned 120,689 shares in the company, valued at $16,265,256.53. This trade represents a 17.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael B. Lucareli sold 40,422 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 41,920 shares of the company's stock, valued at $5,888,502.40. The trade was a 49.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,765 shares of company stock valued at $27,455,523 in the last three months. Company insiders own 2.48% of the company's stock.

Modine Manufacturing Trading Down 4.4%

MOD stock traded down $6.34 during midday trading on Friday, reaching $136.10. The stock had a trading volume of 655,433 shares, compared to its average volume of 853,579. The business has a fifty day simple moving average of $116.42 and a two-hundred day simple moving average of $97.04. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 0.86 and a beta of 2.12. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $146.84.

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, topping analysts' consensus estimates of $0.93 by $0.13. The firm had revenue of $682.80 million during the quarter, compared to analyst estimates of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The company's revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

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.