Convergence Investment Partners LLC Makes New $314,000 Investment in Modine Manufacturing Company $MOD

Convergence Investment Partners LLC purchased a new stake in shares of Modine Manufacturing Company (NYSE:MOD) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,187 shares of the auto parts company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Modine Manufacturing by 63.1% during the first quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock valued at $28,000 after buying an additional 142 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Modine Manufacturing by 159.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company’s stock valued at $766,000 after purchasing an additional 6,134 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Modine Manufacturing by 9,728.6% in the 1st quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company’s stock worth $264,000 after purchasing an additional 3,405 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Modine Manufacturing in the 1st quarter worth approximately $237,000. Finally, KBC Group NV lifted its stake in Modine Manufacturing by 16.0% during the first quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock valued at $185,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MOD. DA Davidson set a $185.00 price target on shares of Modine Manufacturing in a research report on Friday. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Modine Manufacturing in a report on Wednesday, October 8th. KeyCorp increased their price target on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.00.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $163.45 on Tuesday. The stock’s fifty day simple moving average is $146.68 and its 200-day simple moving average is $115.85. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 1.02 and a beta of 2.06. 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 Company has a 1-year low of $64.79 and a 1-year high of $164.89.

Modine Manufacturing (NYSE:MOD) last released its 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. The company had revenue of $682.80 million for the quarter, compared to analysts’ expectations of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Insider Activity at Modine Manufacturing

In related news, Director Marsha C. Williams sold 25,761 shares of the stock in a transaction on Monday, August 11th. The stock was 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 directly owned 120,689 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director Suresh V. Garimella sold 14,204 shares of Modine Manufacturing 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 sale, the director directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 186,221 shares of company stock worth $25,039,662 in the last 90 days. 2.48% of the stock is 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.