Modine Manufacturing’s (MOD) “Buy” Rating Reiterated at DA Davidson

Modine Manufacturing (NYSE:MOD)‘s stock had its “buy” rating reiterated by DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $200.00 price objective on the auto parts company’s stock. DA Davidson’s price objective points to a potential upside of 41.96% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. KeyCorp lifted their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Modine Manufacturing in a report on Thursday, November 13th. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Oppenheimer boosted their price objective on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.00.

Modine Manufacturing Stock Performance

Shares of MOD opened at $140.89 on Wednesday. Modine Manufacturing has a 12 month low of $64.79 and a 12 month high of $166.94. The business’s fifty day simple moving average is $149.84 and its two-hundred day simple moving average is $123.86. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $738.90 million for the quarter, compared to the consensus estimate of $699.91 million. During the same quarter last year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. Research analysts anticipate that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.

Insider Activity at Modine Manufacturing

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

Institutional Trading of Modine Manufacturing

A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of Modine Manufacturing by 28.8% during the first quarter. Envestnet Asset Management Inc. now owns 65,498 shares of the auto parts company’s stock worth $5,027,000 after purchasing an additional 14,664 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Modine Manufacturing by 19.5% in the 2nd quarter. Moody National Bank Trust Division now owns 11,530 shares of the auto parts company’s stock valued at $1,136,000 after purchasing an additional 1,885 shares during the last quarter. Assetmark Inc. raised its position in Modine Manufacturing by 37.0% in the 1st quarter. Assetmark Inc. now owns 12,317 shares of the auto parts company’s stock valued at $945,000 after purchasing an additional 3,327 shares during the last quarter. Deutsche Bank AG lifted its position in Modine Manufacturing by 12.4% during the 1st quarter. Deutsche Bank AG now owns 101,850 shares of the auto parts company’s stock worth $7,817,000 after acquiring an additional 11,218 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Modine Manufacturing by 47.7% in the first quarter. Royce & Associates LP now owns 262,699 shares of the auto parts company’s stock valued at $20,162,000 after acquiring an additional 84,847 shares in the last quarter. Institutional investors and hedge funds own 95.23% 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.