Modine Manufacturing Company $MOD Position Reduced by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its position in shares of Modine Manufacturing Company (NYSE:MOD) by 5.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,346 shares of the auto parts company’s stock after selling 129 shares during the quarter. Farther Finance Advisors LLC’s holdings in Modine Manufacturing were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 worth $398,145,000 after acquiring an additional 128,587 shares during the last quarter. Wellington Management Group LLP grew its position 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 worth $189,479,000 after purchasing an additional 1,841,640 shares during the last quarter. Reinhart Partners LLC. grew its position in Modine Manufacturing by 24.6% in the 2nd quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company’s stock worth $107,520,000 after purchasing an additional 215,727 shares during the last quarter. Bank of New York Mellon Corp grew its position in Modine Manufacturing by 384.3% in the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company’s stock worth $65,089,000 after purchasing an additional 672,960 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Modine Manufacturing by 27.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company’s stock worth $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.

Modine Manufacturing Trading Up 0.7%

Shares of NYSE MOD opened at $142.18 on Wednesday. Modine Manufacturing Company has a 1-year low of $64.79 and a 1-year high of $159.54. The company has a market cap of $7.46 billion, a PE ratio of 40.74, a P/E/G ratio of 0.90 and a beta of 2.09. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $136.80 and a two-hundred day moving average of $106.14.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. The company had revenue of $682.80 million during the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, equities analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MOD shares. Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. KeyCorp increased their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Oppenheimer increased their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $185.00 target price on shares of Modine Manufacturing in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Modine Manufacturing presently has a consensus rating of “Buy” and a consensus price target of $155.67.

Insider Activity at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the completion of the transaction, the director owned 82,056 shares in the company, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marsha C. Williams sold 25,761 shares of Modine Manufacturing stock in a transaction dated Monday, August 11th. The shares were 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 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 have sold 239,938 shares of company stock valued at $31,001,392 over the last three months. Insiders own 2.48% of the company’s stock.

Modine Manufacturing 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.