Modine Manufacturing (NYSE:MOD) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Modine Manufacturing (NYSE:MOD) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of Modine Manufacturing in a research report on Tuesday, March 31st. Oppenheimer raised their price target on Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Roth Mkm initiated coverage on Modine Manufacturing in a research report on Wednesday, February 18th. They set a “buy” rating and a $263.00 target price for the company. Finally, Glj Research initiated coverage on Modine Manufacturing in a research report on Monday, March 30th. They set a “buy” rating and a $290.00 target price for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $234.33.

Modine Manufacturing Stock Down 6.2%

Shares of MOD opened at $238.00 on Monday. The company has a market cap of $12.55 billion, a PE ratio of 132.22, a P/E/G ratio of 1.03 and a beta of 1.68. The business has a fifty day moving average of $217.12 and a 200 day moving average of $172.29. Modine Manufacturing has a 52-week low of $67.80 and a 52-week high of $260.01. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $805.00 million during the quarter, compared to the consensus estimate of $763.54 million. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.Modine Manufacturing’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, sell-side analysts expect that Modine Manufacturing will post 3.88 EPS for the current year.

Insider Buying and Selling at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 1,100 shares of Modine Manufacturing stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the completion of the sale, the director directly owned 79,856 shares in the company, valued at $14,699,093.92. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.48% of the stock is owned by insiders.

Institutional Trading of Modine Manufacturing

Several institutional investors and hedge funds have recently made changes to their positions in MOD. Capital Research Global Investors bought a new stake in shares of Modine Manufacturing in the third quarter valued at about $184,610,000. Invesco Ltd. grew its stake in Modine Manufacturing by 120.4% in the fourth quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock valued at $176,037,000 after purchasing an additional 720,389 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Modine Manufacturing by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock valued at $311,503,000 after purchasing an additional 560,131 shares during the last quarter. WT Asset Management Ltd purchased a new position in Modine Manufacturing in the fourth quarter valued at about $69,255,000. Finally, Congress Asset Management Co. grew its stake in Modine Manufacturing by 954.8% in the third quarter. Congress Asset Management Co. now owns 527,480 shares of the auto parts company’s stock valued at $74,987,000 after purchasing an additional 477,473 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.

Trending Headlines about Modine Manufacturing

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: GLJ Research initiated coverage with a Buy rating and a “street‑high” $290 price target, signaling analyst confidence in Modine’s growth opportunities (notably data‑center and AI cooling demand). Read More.
• Positive Sentiment: Modine promoted Art Laszlo to President, Data Centers — a move that formalizes a dedicated leadership focus on the fast‑growing data‑center cooling segment and may accelerate execution on long‑term supply deals. Read More.
• Positive Sentiment: Company reached milestones in the NYSE Composite, which can raise visibility and investor awareness as Modine scales its non‑automotive businesses. Read More.
• Neutral Sentiment: Zacks compared Modine to Trane (TT), noting Modine’s data‑center cooling is scaling quickly with long‑term supply deals — a constructive operational signal but presented in a competitive context. Read More.
• Neutral Sentiment: A Zacks piece on analyst recommendations reminds investors to consider the broader brokerage landscape when interpreting rating moves — informational rather than a direct catalyst. Read More.
• Neutral Sentiment: Recent coverage noted a modest intraday slide in the stock versus the market close; a factual snapshot of price action rather than a new fundamental development. Read More.
• Negative Sentiment: Zacks Research downgraded Modine from “strong‑buy” to “hold,” which is a negative rating change that can weigh on sentiment and selling pressure in the near term. Read More.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.