Truist Financial Corp Buys 1,147 Shares of Modine Manufacturing Company $MOD

Truist Financial Corp lifted its holdings in Modine Manufacturing Company (NYSE:MOD) by 12.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,194 shares of the auto parts company’s stock after buying an additional 1,147 shares during the quarter. Truist Financial Corp’s holdings in Modine Manufacturing were worth $1,004,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MOD. GAMMA Investing LLC lifted its holdings in Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock worth $28,000 after buying an additional 142 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Modine Manufacturing by 442.4% during the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 522 shares during the last quarter. Maseco LLP bought a new stake in Modine Manufacturing during the 2nd quarter worth about $51,000. IFP Advisors Inc raised its holdings in Modine Manufacturing by 14.2% during the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 113 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Modine Manufacturing during the 1st quarter worth about $92,000. 95.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Marsha C. Williams sold 25,761 shares of the business’s stock in a transaction dated 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 completion of the sale, the director 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric S. Mcginnis sold 25,173 shares of the business’s 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 transaction, the insider owned 19,966 shares of the company’s stock, valued at approximately $2,812,410.76. This represents a 55.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 239,938 shares of company stock valued at $31,001,392 in the last 90 days. 2.48% of the stock is currently owned by corporate insiders.

Modine Manufacturing Trading Up 3.3%

NYSE MOD opened at $149.99 on Tuesday. The company has a market cap of $7.87 billion, a PE ratio of 42.98, a PEG ratio of 0.92 and a beta of 2.06. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $159.54. The stock has a 50 day moving average of $142.97 and a 200-day moving average of $110.24.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, beating 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 company had revenue of $682.80 million during the quarter, compared to the consensus estimate of $653.80 million. During the same quarter in the prior year, the firm posted $1.04 EPS. The firm’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. On average, equities research analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MOD shares. Oppenheimer boosted 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. DA Davidson reissued a “buy” rating and set a $185.00 price objective on shares of Modine Manufacturing in a report on Monday, September 29th. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, KeyCorp boosted their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.67.

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.