Brokerages Set Modine Manufacturing Company (NYSE:MOD) PT at $155.67

Shares of Modine Manufacturing Company (NYSE:MOD) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $155.6667.

Several analysts recently issued reports on the stock. KeyCorp increased their price target 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 raised their target price on Modine Manufacturing from $121.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, July 1st. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. DA Davidson reissued a “buy” rating and set a $185.00 price target on shares of Modine Manufacturing in a report on Monday, September 29th. Finally, Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

Insider Buying and Selling

In related news, Director Marsha C. Williams sold 25,761 shares of Modine Manufacturing stock in a transaction that occurred on 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 sale, the director directly owned 120,689 shares of the company’s stock, valued at approximately $16,265,256.53. The trade was a 17.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric S. Mcginnis sold 25,173 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the completion of the transaction, the insider directly owned 19,966 shares of the company’s stock, valued at approximately $2,812,410.76. The trade was a 55.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 239,938 shares of company stock worth $31,001,392 in the last quarter. Corporate insiders own 2.48% of the company’s stock.

Institutional Investors Weigh In On Modine Manufacturing

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Modine Manufacturing by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 142 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Modine Manufacturing by 245.9% during the first quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Modine Manufacturing by 2,025.0% during 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 last quarter. First Horizon Advisors Inc. increased its stake in shares of Modine Manufacturing by 442.4% in the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock valued at $49,000 after buying an additional 522 shares during the period. Finally, Maseco LLP bought a new position in Modine Manufacturing in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 0.1%

Shares of NYSE MOD opened at $147.98 on Friday. The stock has a market capitalization of $7.77 billion, a P/E ratio of 42.40, a PEG ratio of 0.94 and a beta of 2.06. The stock’s fifty day moving average is $139.67 and its 200 day moving average is $107.57. Modine Manufacturing has a 52 week low of $64.79 and a 52 week high of $159.54. 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 (NYSE:MOD) last announced its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.13. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The firm had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. During the same period in the prior year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. Sell-side analysts forecast 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.