28,280 Shares in Modine Manufacturing Company $MOD Acquired by Nicholas Company Inc.

Nicholas Company Inc. purchased a new position in shares of Modine Manufacturing Company (NYSE:MOD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,280 shares of the auto parts company’s stock, valued at approximately $2,786,000. Nicholas Company Inc. owned about 0.05% of Modine Manufacturing as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock worth $28,000 after buying an additional 142 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Modine Manufacturing by 384.3% during 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 buying an additional 672,960 shares during the last quarter. KBC Group NV grew its stake in Modine Manufacturing by 16.0% during the 1st quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock worth $185,000 after buying an additional 333 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Modine Manufacturing by 28.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 65,498 shares of the auto parts company’s stock worth $5,027,000 after buying an additional 14,664 shares during the last quarter. Finally, Moody National Bank Trust Division grew its stake in Modine Manufacturing by 19.5% during the 2nd quarter. Moody National Bank Trust Division now owns 11,530 shares of the auto parts company’s stock worth $1,136,000 after buying an additional 1,885 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 0.4%

MOD opened at $153.85 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 1.28. The business has a 50 day simple moving average of $148.22 and a 200-day simple moving average of $118.06. The stock has a market capitalization of $8.10 billion, a P/E ratio of 44.46, a P/E/G ratio of 0.98 and a beta of 2.06. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $166.94.

Modine Manufacturing (NYSE:MOD) last posted 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. The business had revenue of $738.90 million during the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a return on equity of 23.99% and a net margin of 6.93%.The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Modine Manufacturing Company will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. DA Davidson lifted their target price on Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp lifted their target price on Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Oppenheimer lifted their target price on Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.00.

Insider Transactions at Modine Manufacturing

In related news, EVP Michael B. Lucareli sold 40,422 shares of Modine Manufacturing stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the completion of the transaction, the executive vice president directly owned 41,920 shares of the company’s stock, valued at approximately $5,888,502.40. The trade was a 49.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eric S. Mcginnis sold 25,173 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.86, for a total value of $3,545,868.78. Following the transaction, the insider directly owned 19,966 shares of the company’s stock, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 105,560 shares of company stock valued at $14,688,436. Company insiders own 2.48% 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.