Brokerages Set Modine Manufacturing Company (NYSE:MOD) PT at $180.00

Shares of Modine Manufacturing Company (NYSE:MOD) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $185.00.

A number of equities analysts have commented on MOD shares. Oppenheimer lifted their price objective on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, DA Davidson lifted their target price on Modine Manufacturing from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday.

Modine Manufacturing Price Performance

NYSE:MOD opened at $152.94 on Tuesday. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $166.94. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $147.95 and a 200 day simple moving average of $117.24. The stock has a market capitalization of $8.03 billion, a PE ratio of 44.20, a P/E/G ratio of 0.98 and a beta of 2.06.

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

Insider Buying and Selling

In related news, insider Eric S. Mcginnis sold 25,173 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $140.86, for a total value of $3,545,868.78. Following the completion of the transaction, the insider owned 19,966 shares of the company’s stock, valued at $2,812,410.76. The trade was a 55.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Suresh V. Garimella sold 14,204 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the transaction, the director directly owned 82,056 shares of the company’s stock, valued at approximately $11,511,636.24. This trade represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 105,560 shares of company stock worth $14,688,436 in the last ninety days. 2.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MOD. GAMMA Investing LLC raised its stake 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 purchasing an additional 142 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Modine Manufacturing by 159.7% during the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company’s stock worth $766,000 after acquiring an additional 6,134 shares in the last quarter. Bessemer Group Inc. raised its stake in 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 worth $264,000 after acquiring an additional 3,405 shares in the last quarter. Diversified Trust Co acquired a new position in Modine Manufacturing during the first quarter worth about $237,000. Finally, KBC Group NV raised its stake in Modine Manufacturing by 16.0% during the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock worth $185,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds 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.