Modine Manufacturing Company (NYSE:MOD) Given Average Rating of “Buy” by Analysts

Modine Manufacturing Company (NYSE:MODGet Free Report) has received a consensus rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $192.00.

Several analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $200.00 price target on shares of Modine Manufacturing in a report on Thursday, January 29th. KeyCorp raised their target price 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 raised shares of Modine Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Oppenheimer boosted their price target on shares of Modine Manufacturing from $185.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, UBS Group began coverage on shares of Modine Manufacturing in a report on Thursday, November 20th. They issued a “buy” rating and a $173.00 price objective for the company.

Get Our Latest Research Report on MOD

Insider Activity at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 1,100 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $184.07, for a total value of $202,477.00. Following the sale, the director directly owned 79,856 shares of the company’s stock, valued at $14,699,093.92. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil David Brinker sold 31,871 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $160.56, for a total value of $5,117,207.76. Following the transaction, the chief executive officer directly owned 238,312 shares of the company’s stock, valued at $38,263,374.72. This represents a 11.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,071 shares of company stock valued at $5,484,685 in the last three months. Corporate insiders own 2.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Spire Wealth Management bought a new stake in Modine Manufacturing during the fourth quarter worth about $27,000. First Horizon Corp bought a new stake in shares of Modine Manufacturing in the 3rd quarter worth approximately $38,000. Sunbelt Securities Inc. purchased a new stake in shares of Modine Manufacturing in the 3rd quarter worth approximately $39,000. Danske Bank A S bought a new position in Modine Manufacturing during the 3rd quarter valued at approximately $43,000. Finally, Toth Financial Advisory Corp purchased a new position in Modine Manufacturing during the third quarter valued at $57,000. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Stock Up 0.1%

NYSE MOD opened at $199.66 on Thursday. Modine Manufacturing has a 1 year low of $64.79 and a 1 year high of $205.74. The stock has a market capitalization of $10.51 billion, a PE ratio of 57.71, a PEG ratio of 1.27 and a beta of 1.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.16. The business’s 50-day moving average is $146.67 and its 200 day moving average is $143.54.

Modine Manufacturing (NYSE:MODGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The auto parts company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. Modine Manufacturing had a return on equity of 23.19% and a net margin of 6.93%.The business had revenue of $805.00 million during the quarter, compared to analysts’ expectations of $763.54 million. During the same quarter last year, the business posted $0.92 EPS. The business’s revenue was up 30.5% on a year-over-year basis. Sell-side analysts forecast that Modine Manufacturing will post 3.88 earnings per share for the current year.

Key Headlines Impacting Modine Manufacturing

Here are the key news stories impacting Modine Manufacturing this week:

About Modine Manufacturing

(Get Free Report)

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.

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Analyst Recommendations for Modine Manufacturing (NYSE:MOD)

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