KeyCorp Issues Positive Forecast for Modine Manufacturing (NYSE:MOD) Stock Price

Modine Manufacturing (NYSE:MOD) had its price target boosted by KeyCorp from $160.00 to $175.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson reaffirmed a “buy” rating and set a $185.00 price objective on shares of Modine Manufacturing in a research note on Monday, September 29th. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. Finally, Oppenheimer boosted their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Modine Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $180.00.

Modine Manufacturing Stock Performance

NYSE MOD opened at $153.84 on Tuesday. The company’s 50 day moving average is $143.24 and its 200-day moving average is $110.54. Modine Manufacturing has a 12-month low of $64.79 and a 12-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. The firm has a market cap of $8.08 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 0.95 and a beta of 2.06.

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

Insider Buying and Selling

In other news, insider Eric S. Mcginnis sold 25,173 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $140.86, for a total value of $3,545,868.78. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marsha C. Williams sold 25,761 shares of the company’s stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 239,938 shares of company stock worth $31,001,392 in the last ninety days. 2.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Modine Manufacturing

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Modine Manufacturing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company’s stock valued at $398,145,000 after purchasing an additional 128,587 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 valued at $189,479,000 after purchasing an additional 1,841,640 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Modine Manufacturing by 1.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock valued at $176,553,000 after purchasing an additional 23,955 shares in the last quarter. State Street Corp boosted its stake in shares of Modine Manufacturing by 4.2% in the 2nd quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock valued at $128,985,000 after purchasing an additional 53,351 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Modine Manufacturing by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company’s stock valued at $119,690,000 after buying an additional 14,096 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

About Modine Manufacturing

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.