Modine Manufacturing Company $MOD Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC trimmed its stake in Modine Manufacturing Company (NYSE:MOD) by 14.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 40,928 shares of the auto parts company’s stock after selling 6,981 shares during the quarter. Thoroughbred Financial Services LLC owned approximately 0.08% of Modine Manufacturing worth $4,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MOD. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Modine Manufacturing by 5.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company’s stock worth $154,000 after acquiring an additional 105 shares during the period. IFP Advisors Inc boosted its stake in Modine Manufacturing by 14.2% during the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 113 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Modine Manufacturing by 3.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,602 shares of the auto parts company’s stock worth $453,000 after purchasing an additional 165 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of Modine Manufacturing by 6.2% in the first quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company’s stock valued at $241,000 after purchasing an additional 182 shares during the period. Finally, Ethic Inc. raised its holdings in shares of Modine Manufacturing by 5.8% during the second quarter. Ethic Inc. now owns 3,396 shares of the auto parts company’s stock valued at $344,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of NYSE MOD opened at $132.30 on Friday. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month 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 50-day moving average of $150.20 and a two-hundred day moving average of $122.71. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 0.98 and a beta of 2.07.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $699.91 million. During the same period in the previous year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on MOD. Weiss Ratings restated a “hold (c)” rating on shares of Modine Manufacturing in a research report on Thursday. Oppenheimer raised their price target on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. DA Davidson lifted their price objective on shares of Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen cut shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.00.

Insiders Place Their Bets

In other news, Director Suresh V. Garimella sold 14,204 shares of Modine Manufacturing stock in a transaction that occurred on 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 transaction, the director directly owned 82,056 shares of the company’s stock, valued at $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eric S. Mcginnis sold 25,173 shares of Modine Manufacturing 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 transaction, the insider owned 19,966 shares in the company, valued at approximately $2,812,410.76. The trade was a 55.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.48% 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.