Modine Manufacturing Company (NYSE:MOD) Receives $180.00 Consensus Price Target from Brokerages

Shares of Modine Manufacturing Company (NYSE:MOD) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $185.00.

A number of analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Modine Manufacturing in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. DA Davidson raised their target price 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. Finally, Zacks Research downgraded shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th.

Insider Buying and Selling at Modine Manufacturing

In related news, Director Marsha C. Williams sold 25,761 shares of the firm’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 $16,265,256.53. This trade represents a 17.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Suresh V. Garimella sold 14,204 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the completion of the transaction, the director owned 82,056 shares of the company’s stock, valued at approximately $11,511,636.24. The trade was a 14.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 65,138 shares of company stock valued at $9,010,358. Corporate insiders own 2.48% of the company’s stock.

Hedge Funds Weigh In On Modine Manufacturing

A number of hedge funds have recently added to or reduced their stakes in MOD. Wellington Management Group LLP raised its holdings in Modine Manufacturing by 293.7% in the 1st quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company’s stock worth $189,479,000 after acquiring an additional 1,841,640 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Modine Manufacturing by 384.3% in the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company’s stock worth $65,089,000 after acquiring an additional 672,960 shares during the last quarter. Situational Awareness LP raised its holdings in Modine Manufacturing by 980.1% in the 1st quarter. Situational Awareness LP now owns 716,824 shares of the auto parts company’s stock worth $55,016,000 after acquiring an additional 650,457 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in Modine Manufacturing by 244.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 743,643 shares of the auto parts company’s stock worth $73,249,000 after acquiring an additional 527,626 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in Modine Manufacturing by 954.8% in the 3rd quarter. Congress Asset Management Co. now owns 527,480 shares of the auto parts company’s stock worth $74,987,000 after acquiring an additional 477,473 shares during the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Stock Performance

Modine Manufacturing stock opened at $153.53 on Tuesday. 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 $148.52 and a 200-day moving average of $118.91. The firm has a market cap of $8.08 billion, a P/E ratio of 44.37, a P/E/G ratio of 0.98 and a beta of 2.06. Modine Manufacturing has a 1-year low of $64.79 and a 1-year high of $166.94.

Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. The company had revenue of $738.90 million during the quarter, compared to analyst estimates of $699.91 million. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. Modine Manufacturing’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Modine Manufacturing has set its FY 2026 guidance at EPS. Sell-side analysts expect that Modine Manufacturing will post 3.88 EPS for the current year.

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.