Vontobel Holding Ltd. Buys Shares of 11,140 Modine Manufacturing Company $MOD

Key Points

• Vontobel Holding Ltd. acquired 11,140 shares of Modine Manufacturing Company, valued at approximately $1.1 million, in the second quarter.
• Institutional investors dominate Modine Manufacturing's stock ownership, holding 95.23% of the company.
• Modine's recent earnings report exceeded expectations, with earnings per share of $1.06 against a consensus estimate of $0.93.

Vontobel Holding Ltd. bought a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,140 shares of the auto parts company's stock, valued at approximately $1,097,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Modine Manufacturing by 2.5% in 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 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 valued at $189,479,000 after purchasing an additional 1,841,640 shares during the last quarter. Reinhart Partners LLC. grew its holdings in Modine Manufacturing by 24.6% in 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 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 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 Modine Manufacturing by 27.3% in 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. Institutional investors and hedge funds own 95.23% of the company's stock.

Insider Activity

In other news, EVP Michael B. Lucareli sold 80,661 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $128.33, for a total transaction of $10,351,226.13. Following the completion of the sale, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. The trade was a 54.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the sale, the director directly owned 120,689 shares of the company's stock, valued at approximately $16,265,256.53. This trade represents a 17.59% decrease in their position. 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 in the last three months. Company insiders own 2.48% of the company's stock.

Modine Manufacturing Stock Performance

NYSE MOD opened at $145.06 on Monday. The business's 50-day moving average price is $142.73 and its 200 day moving average price is $109.74. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $159.54. The company has a market capitalization of $7.61 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 0.92 and a beta of 2.06. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

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 the consensus estimate of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same period in the prior year, the business posted $1.04 earnings per share. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, research analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on MOD shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. 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. KeyCorp increased their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Zacks Research lowered Modine Manufacturing from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, DA Davidson reaffirmed a "buy" rating and set a $185.00 price objective on shares of Modine Manufacturing in a research note on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Modine Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $155.67.

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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