De Lisle Partners LLP Has $2 Million Stock Position in Modine Manufacturing Company $MOD

De Lisle Partners LLP raised its position in shares of Modine Manufacturing Company (NYSE:MOD) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the auto parts company’s stock after purchasing an additional 3,000 shares during the period. De Lisle Partners LLP’s holdings in Modine Manufacturing were worth $2,001,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in Modine Manufacturing during the fourth quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new position in Modine Manufacturing during the third quarter valued at approximately $39,000. Danske Bank A S acquired a new position in Modine Manufacturing during the third quarter valued at approximately $43,000. Root Financial Partners LLC raised its position in Modine Manufacturing by 140.5% during the fourth quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 215 shares in the last quarter. Finally, Maseco LLP acquired a new position in Modine Manufacturing during the fourth quarter valued at approximately $69,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MOD has been the subject of several research analyst reports. DA Davidson boosted their price objective on shares of Modine Manufacturing from $265.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. B. Riley Financial boosted their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Finally, Oppenheimer boosted their price objective on shares of Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $327.14.

Modine Manufacturing Stock Up 0.6%

Shares of NYSE:MOD opened at $273.16 on Friday. The company has a fifty day moving average of $260.23 and a 200-day moving average of $205.14. The company has a market capitalization of $14.43 billion, a PE ratio of 121.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. Modine Manufacturing Company has a 52-week low of $86.48 and a 52-week high of $323.25.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.20. The company had revenue of $954.40 million during the quarter, compared to the consensus estimate of $920.67 million. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. On average, equities analysts predict that Modine Manufacturing Company will post 7.73 EPS for the current fiscal year.

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.