Modine Manufacturing Company (NYSE:MOD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Modine Manufacturing has received a consensus rating of "Moderate Buy" from five analysts, with an average 12-month price target of $155.67.
• Insider selling has been reported, with EVP Michael B. Lucareli selling over 80,000 shares, indicating a 54.66% decrease in his holdings.
• In recent earnings, Modine reported an EPS of $1.06, exceeding expectations and reflecting a 3.2% year-over-year revenue increase.

Modine Manufacturing Company (NYSE:MOD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $155.6667.

Several analysts have commented on the stock. DA Davidson reissued a "buy" rating and set a $185.00 price target on shares of Modine Manufacturing in a research report on Monday. Weiss Ratings reissued a "hold (c+)" rating on shares of Modine Manufacturing in a research report on Saturday, September 27th. Wall Street Zen lowered shares of Modine Manufacturing from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. KeyCorp increased their price target on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Finally, Oppenheimer increased their price target on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an "outperform" rating in a research report on Tuesday, July 1st.

Insider Buying and Selling

In related news, EVP Michael B. Lucareli sold 80,661 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $128.33, for a total value of $10,351,226.13. Following the transaction, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. This represents a 54.66% decrease in their position. The sale was disclosed in a filing 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 completion of the transaction, the director owned 120,689 shares in the company, 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 have sold 239,938 shares of company stock worth $31,001,392 in the last quarter. 2.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Modine Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Modine Manufacturing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company's stock valued at $398,145,000 after acquiring an additional 128,587 shares during the period. Wellington Management Group LLP grew its stake in Modine Manufacturing by 293.7% in the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company's stock valued at $189,479,000 after acquiring an additional 1,841,640 shares during the period. Wasatch Advisors LP grew its stake in Modine Manufacturing by 1.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company's stock valued at $176,553,000 after acquiring an additional 23,955 shares during the period. State Street Corp grew its stake in Modine Manufacturing by 4.2% in the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company's stock valued at $128,985,000 after acquiring an additional 53,351 shares during the period. Finally, Geode Capital Management LLC grew its stake in Modine Manufacturing by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company's stock valued at $119,690,000 after acquiring an additional 14,096 shares during the period. Institutional investors and hedge funds own 95.23% of the company's stock.

Modine Manufacturing Stock Up 0.1%

Modine Manufacturing stock traded up $0.16 during midday trading on Friday, hitting $147.98. 507,083 shares of the company's stock were exchanged, compared to its average volume of 856,447. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. Modine Manufacturing has a 12 month low of $64.79 and a 12 month high of $159.54. The firm has a 50-day moving average of $139.67 and a two-hundred day moving average of $107.30. The company has a market cap of $7.77 billion, a PE ratio of 42.40, a P/E/G ratio of 0.94 and a beta of 2.06.

Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping 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 company had revenue of $682.80 million for the quarter, compared to analysts' expectations of $653.80 million. During the same period in the prior year, the business earned $1.04 EPS. The firm's quarterly 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 expect that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.

Modine Manufacturing Company 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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