Easterly Investment Partners LLC Sells 855 Shares of Modine Manufacturing Company $MOD

Easterly Investment Partners LLC lessened its holdings in Modine Manufacturing Company (NYSE:MOD) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,019 shares of the auto parts company’s stock after selling 855 shares during the period. Easterly Investment Partners LLC’s holdings in Modine Manufacturing were worth $1,282,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MOD. Wellington Management Group LLP boosted its stake in shares of 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 valued at $189,479,000 after purchasing an additional 1,841,640 shares in the last quarter. Bank of New York Mellon Corp lifted its stake 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 valued at $65,089,000 after purchasing an additional 672,960 shares during the last quarter. Situational Awareness LP lifted its stake 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 valued at $55,016,000 after purchasing an additional 650,457 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Modine Manufacturing by 131.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 498,727 shares of the auto parts company’s stock valued at $38,278,000 after buying an additional 283,497 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Modine Manufacturing during the first quarter worth $18,853,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Modine Manufacturing Stock Down 4.2%

Shares of MOD opened at $153.65 on Friday. The company has a market capitalization of $8.07 billion, a PE ratio of 44.03, a PEG ratio of 1.02 and a beta of 2.06. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $164.89. The stock’s 50-day moving average price is $144.61 and its two-hundred day moving average price is $111.98. 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 issued its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The company had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $653.80 million. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer increased their price target on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday. DA Davidson reaffirmed a “buy” rating and issued a $185.00 target price on shares of Modine Manufacturing in a report on Monday, September 29th. KeyCorp increased their target price on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c+)” rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.00.

Insider Buying and Selling

In related news, Director Marsha C. Williams sold 25,761 shares of Modine Manufacturing stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $134.77, for a total value of $3,471,809.97. Following the transaction, the director directly owned 120,689 shares of the company’s stock, valued at $16,265,256.53. The trade was a 17.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian Jon Agen sold 47,939 shares of Modine Manufacturing stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $110.50, for a total value of $5,297,259.50. Following the completion of the transaction, the vice president directly owned 90,015 shares in the company, valued at approximately $9,946,657.50. This represents a 34.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 239,938 shares of company stock valued at $31,001,392 over the last 90 days. 2.48% of the stock is currently owned by corporate insiders.

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.