Modine Manufacturing (NYSE:MOD) Cut to Hold at Zacks Research

Zacks Research lowered shares of Modine Manufacturing (NYSE:MOD) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other research firms also recently commented on MOD. DA Davidson reissued a “buy” rating and issued a $185.00 target price on shares of Modine Manufacturing in a report on Monday. Oppenheimer boosted their target price on Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, July 1st. KeyCorp boosted their target price on Modine Manufacturing from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, Wall Street Zen downgraded 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 and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Modine Manufacturing Price Performance

Shares of MOD stock opened at $148.12 on Monday. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 0.90 and a beta of 2.06. The business’s fifty day moving average is $137.79 and its 200 day moving average is $106.43. Modine Manufacturing has a twelve month low of $64.79 and a twelve month high of $159.54. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 EPS 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 business had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same period in the previous year, the company posted $1.04 earnings per share. The company’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. Research analysts expect that Modine Manufacturing will post 3.88 EPS for the current fiscal year.

Insider Activity

In other Modine Manufacturing news, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.29, for a total value of $1,992,679.16. Following the transaction, the director owned 82,056 shares of the company’s stock, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian Jon Agen sold 47,939 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the transaction, the vice president directly owned 90,015 shares in the company, valued at approximately $9,946,657.50. This represents a 34.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 239,938 shares of company stock valued at $31,001,392. Corporate insiders own 2.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in 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. Bessemer Group Inc. increased its position in Modine Manufacturing by 9,728.6% in the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company’s stock worth $264,000 after buying an additional 3,405 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Modine Manufacturing by 159.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company’s stock worth $766,000 after buying an additional 6,134 shares in the last quarter. Bank of New York Mellon Corp increased its position 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 worth $65,089,000 after buying an additional 672,960 shares in the last quarter. Finally, KBC Group NV increased its position in Modine Manufacturing by 16.0% in the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock worth $185,000 after buying an additional 333 shares in the last quarter. 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.