Insider Selling: Modine Manufacturing (NYSE:MOD) Director Sells 14,204 Shares of Stock

Key Points

• Suresh Garimella, a director at Modine Manufacturing, sold 14,204 shares at an average price of $140.29, resulting in a total sale value of approximately $1.99 million, which decreased his ownership by 14.76%.
• Modine Manufacturing reported a quarterly earnings per share (EPS) of $1.06, exceeding analysts' estimates of $0.93, with a revenue of $682.80 million compared to expectations of $653.80 million.
• Wall Street analysts have mixed ratings for Modine Manufacturing, with one firm lowering its rating from "buy" to "hold," while others have increased their price targets, indicating a potential for growth with an average target price of $145.67.

Modine Manufacturing Company (NYSE:MOD - Get Free Report) Director Suresh Garimella sold 14,204 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at $11,511,636.24. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Modine Manufacturing Stock Performance

Shares of MOD traded down $0.7510 during trading hours on Monday, reaching $139.6190. 273,288 shares of the company's stock traded hands, compared to its average volume of 1,194,472. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 39.97, a P/E/G ratio of 0.89 and a beta of 2.12. 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 twelve month low of $64.79 and a twelve month high of $146.84. The business's fifty day simple moving average is $112.00 and its two-hundred day simple moving average is $95.57.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.13. The company had revenue of $682.80 million for 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 quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Modine Manufacturing

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of Modine Manufacturing by 63.1% in 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 boosted its position in shares of Modine Manufacturing by 245.9% in 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. Parkside Financial Bank & Trust lifted its position in Modine Manufacturing by 2,025.0% in the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company's stock worth $42,000 after purchasing an additional 405 shares during the period. Central Pacific Bank Trust Division bought a new position in Modine Manufacturing in the first quarter worth $46,000. Finally, First Horizon Advisors Inc. lifted its position in Modine Manufacturing by 442.4% in the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company's stock worth $49,000 after purchasing an additional 522 shares during the period. 95.23% of the stock is owned by institutional investors.

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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