Modine Manufacturing (NYSE:MOD) Given New $160.00 Price Target at KeyCorp

Key Points

• KeyCorp has raised its target price for Modine Manufacturing from $150.00 to $160.00, indicating a potential upside of 15.24% from the current stock price.
• The company reported quarterly earnings of $1.06 per share, exceeding analysts' expectations, with a year-over-year revenue increase of 3.2% to $682.80 million.
• Insider transactions include significant stock sales, with EVP Michael B. Lucareli selling over 80,000 shares, representing a 54.66% decrease in his ownership.

Modine Manufacturing (NYSE:MOD - Get Free Report) had its target price increased by analysts at KeyCorp from $150.00 to $160.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the auto parts company's stock. KeyCorp's target price points to a potential upside of 18.61% from the company's current price.

MOD has been the topic of several other reports. Oppenheimer lifted their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the stock 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Modine Manufacturing has an average rating of "Buy" and an average target price of $145.67.

Modine Manufacturing Price Performance

Shares of NYSE:MOD traded down $2.1520 during trading on Monday, reaching $134.8980. 659,473 shares of the company's stock traded hands, compared to its average volume of 1,329,603. Modine Manufacturing has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. 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 $7.08 billion, a PE ratio of 38.65, a P/E/G ratio of 0.87 and a beta of 2.12. The company has a 50-day simple moving average of $110.30 and a 200-day simple moving average of $95.10.

Modine Manufacturing (NYSE:MOD - Get Free Report) last posted its 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. 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 analysts' expectations of $653.80 million. During the same period last year, the firm earned $1.04 EPS. The company'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 predict that Modine Manufacturing will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In other Modine Manufacturing news, Director Marsha C. Williams sold 25,761 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $134.77, for a total value of $3,471,809.97. Following the transaction, the director directly owned 120,689 shares of the company's stock, valued at $16,265,256.53. This trade represents a 17.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian Jon Agen sold 47,939 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total transaction of $5,297,259.50. Following the completion of the transaction, the vice president directly owned 90,015 shares in the company, valued at $9,946,657.50. This trade represents a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,561 shares of company stock valued at $25,462,844 in the last ninety days. 2.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Modine Manufacturing

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company's stock valued at $28,000 after buying an additional 142 shares during the period. Bessemer Group Inc. raised its position in shares of Modine Manufacturing by 9,728.6% during the 1st quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company's stock valued at $264,000 after buying an additional 3,405 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Modine Manufacturing by 159.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company's stock valued at $766,000 after buying an additional 6,134 shares during the period. Bank of New York Mellon Corp raised its position in shares of Modine Manufacturing by 384.3% during the 1st 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 buying an additional 672,960 shares during the period. Finally, KBC Group NV raised its position in shares of Modine Manufacturing by 16.0% during the 1st quarter. KBC Group NV now owns 2,411 shares of the auto parts company's stock valued at $185,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 95.23% of the company's stock.

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.