Ethic Inc. Acquires 185 Shares of Modine Manufacturing Company $MOD

Ethic Inc. boosted its holdings in Modine Manufacturing Company (NYSE:MOD) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,396 shares of the auto parts company’s stock after purchasing an additional 185 shares during the period. Ethic Inc.’s holdings in Modine Manufacturing were worth $344,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of Modine Manufacturing by 63.1% during 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 last quarter. Bessemer Group Inc. raised its stake in shares of Modine Manufacturing by 9,728.6% during the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company’s stock valued at $264,000 after acquiring an additional 3,405 shares during the last quarter. Diversified Trust Co bought a new position in shares of Modine Manufacturing during the first quarter valued at about $237,000. KBC Group NV raised its stake in shares of Modine Manufacturing by 16.0% during the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock valued at $185,000 after acquiring an additional 333 shares during the last quarter. Finally, Cannon Global Investment Management LLC raised its stake in shares of Modine Manufacturing by 25.0% during the first quarter. Cannon Global Investment Management LLC now owns 6,000 shares of the auto parts company’s stock valued at $460,000 after acquiring an additional 1,200 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Modine Manufacturing

In other Modine Manufacturing news, insider Eric S. Mcginnis sold 25,173 shares of the firm’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 completion of the transaction, the insider owned 19,966 shares of the company’s stock, valued at approximately $2,812,410.76. This trade represents a 55.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael B. Lucareli sold 40,422 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the transaction, the executive vice president directly owned 41,920 shares of the company’s stock, valued at $5,888,502.40. This represents a 49.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,560 shares of company stock worth $14,688,436 over the last three months. Company insiders own 2.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MOD. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. DA Davidson set a $185.00 price objective on shares of Modine Manufacturing in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. KeyCorp increased their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.00.

Modine Manufacturing Price Performance

MOD stock opened at $155.32 on Thursday. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $166.94. The company has a market cap of $8.15 billion, a P/E ratio of 44.89, a PEG ratio of 1.02 and a beta of 2.06. The firm has a 50-day moving average of $147.59 and a 200 day moving average of $116.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. The company had revenue of $738.90 million during the quarter, compared to the consensus estimate of $699.91 million. During the same period in the prior year, the firm earned $0.97 earnings per share. Modine Manufacturing’s revenue was up 12.3% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.

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.