Modine Manufacturing (NYSE:MOD) Insider Eric Mcginnis Sells 25,173 Shares

Modine Manufacturing Company (NYSE:MOD) insider Eric Mcginnis sold 25,173 shares of the business’s stock in a transaction dated 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Modine Manufacturing Stock Down 4.4%

MOD traded down $6.34 on Monday, hitting $136.10. 655,433 shares of the company were exchanged, compared to its average volume of 786,543. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $146.84. The firm has a 50-day moving average price of $117.20 and a two-hundred day moving average price of $97.38. 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 company has a market cap of $7.14 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 0.86 and a beta of 2.09.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on MOD. KeyCorp boosted their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Oppenheimer boosted their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $145.67.

Hedge Funds Weigh In On Modine Manufacturing

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings 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 worth $28,000 after purchasing an additional 142 shares during the period. Bessemer Group Inc. increased its stake in shares of Modine Manufacturing by 9,728.6% in the first quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 3,405 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Modine Manufacturing by 159.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company’s stock worth $766,000 after purchasing an additional 6,134 shares during the period. Bank of New York Mellon Corp increased its position in Modine Manufacturing by 384.3% during the first quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company’s stock worth $65,089,000 after acquiring an additional 672,960 shares during the period. Finally, KBC Group NV increased its position 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 during the period. 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.