New York State Common Retirement Fund Acquires 8,345 Shares of Modine Manufacturing Company $MOD

New York State Common Retirement Fund boosted its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,489 shares of the auto parts company’s stock after purchasing an additional 8,345 shares during the quarter. New York State Common Retirement Fund owned 0.48% of Modine Manufacturing worth $24,673,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in shares of Modine Manufacturing by 2,025.0% during the second quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after buying an additional 405 shares during the last quarter. Maseco LLP bought a new position in Modine Manufacturing during the second quarter valued at about $51,000. GAMMA Investing LLC raised its holdings in Modine Manufacturing by 52.6% in the 2nd quarter. GAMMA Investing LLC now owns 560 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 193 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Modine Manufacturing in the 2nd quarter worth approximately $57,000. Finally, Allworth Financial LP grew its holdings in shares of Modine Manufacturing by 522.4% during the 2nd quarter. Allworth Financial LP now owns 722 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 606 shares in the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing Price Performance

Modine Manufacturing stock opened at $158.76 on Tuesday. Modine Manufacturing Company has a 52 week low of $64.79 and a 52 week high of $166.94. The firm has a market cap of $8.36 billion, a P/E ratio of 45.88, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. The business’s fifty day moving average is $149.81 and its two-hundred day moving average is $127.36.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $699.91 million. During the same period in the prior year, the firm earned $0.97 earnings per share. Modine Manufacturing’s revenue was up 12.3% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. Equities research analysts forecast that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MOD shares. UBS Group initiated coverage on Modine Manufacturing in a research note on Thursday, November 20th. They issued a “buy” rating and a $173.00 target price for the company. DA Davidson reissued a “buy” rating and issued a $200.00 target price on shares of Modine Manufacturing in a research note on Wednesday, November 19th. KeyCorp upped their price objective on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Oppenheimer increased their price objective on Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

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.