Easterly Investment Partners LLC Sells 855 Shares of Modine Manufacturing Company $MOD

Easterly Investment Partners LLC decreased its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,019 shares of the auto parts company’s stock after selling 855 shares during the quarter. Easterly Investment Partners LLC’s holdings in Modine Manufacturing were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of 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 during the period. First Horizon Advisors Inc. grew its stake in Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock valued at $49,000 after buying an additional 522 shares during the last quarter. Maseco LLP acquired a new position in Modine Manufacturing in the 2nd quarter valued at about $51,000. IFP Advisors Inc raised its holdings in Modine Manufacturing by 14.2% in the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after acquiring an additional 113 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Modine Manufacturing during the first quarter worth approximately $92,000. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Trading Down 4.2%

Shares of NYSE:MOD opened at $153.65 on Friday. The business’s 50 day simple moving average is $144.61 and its 200 day simple moving average is $111.98. Modine Manufacturing Company has a 1 year low of $64.79 and a 1 year high of $164.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. The company has a market capitalization of $8.07 billion, a P/E ratio of 44.03, a P/E/G ratio of 1.02 and a beta of 2.06.

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

Insider Buying and Selling at Modine Manufacturing

In other news, Director Marsha C. Williams sold 25,761 shares of the company’s stock in a transaction that occurred 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 owned 120,689 shares of the company’s stock, valued at approximately $16,265,256.53. This represents a 17.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eric S. Mcginnis sold 25,173 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the sale, the insider owned 19,966 shares in the company, valued at $2,812,410.76. This represents a 55.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 239,938 shares of company stock valued at $31,001,392 over the last three months. 2.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MOD has been the topic of several research reports. Oppenheimer upped their target price on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Modine Manufacturing in a report on Monday, September 29th. KeyCorp lifted their target price on Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday. 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $180.00.

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.