Oppenheimer Asset Management Inc. Acquires 4,442 Shares of Modine Manufacturing Company $MOD

Oppenheimer Asset Management Inc. boosted its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 11.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 42,870 shares of the auto parts company’s stock after buying an additional 4,442 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Modine Manufacturing were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MOD. GAMMA Investing LLC grew its position in 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 buying an additional 142 shares during the period. First Horizon Advisors Inc. grew its position in Modine Manufacturing by 442.4% during the first 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 period. Maseco LLP bought a new stake in Modine Manufacturing during the second quarter valued at approximately $51,000. IFP Advisors Inc grew its position in Modine Manufacturing by 14.2% during the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after buying an additional 113 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in Modine Manufacturing during the first quarter valued at approximately $92,000. 95.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MOD has been the subject of a number of recent analyst reports. DA Davidson set a $185.00 price target on shares of Modine Manufacturing in a research report on Friday. KeyCorp upped their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research lowered shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Oppenheimer upped their price target 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. Finally, Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.00.

Modine Manufacturing Stock Down 0.3%

Shares of MOD stock opened at $162.48 on Wednesday. The stock has a market cap of $8.53 billion, a P/E ratio of 46.56, a PEG ratio of 1.03 and a beta of 2.06. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $164.89. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $147.19 and its two-hundred day simple moving average is $116.44.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.97 by $0.09. The business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a net margin of 7.21% and a return on equity of 23.90%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. Analysts predict that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insider Activity at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 14,204 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the sale, the director owned 82,056 shares of the company’s stock, valued at $11,511,636.24. This represents a 14.76% 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, insider Eric S. Mcginnis sold 25,173 shares of the company’s stock in a transaction 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 sale, the insider directly owned 19,966 shares in the company, valued at approximately $2,812,410.76. The trade was a 55.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 186,221 shares of company stock worth $25,039,662 in the last quarter. 2.48% of the stock is owned by company insiders.

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.