Modine Manufacturing Company $MOD Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its position in Modine Manufacturing Company (NYSE:MOD) by 42.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,924 shares of the auto parts company’s stock after selling 2,908 shares during the period. Diversified Trust Co’s holdings in Modine Manufacturing were worth $850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors acquired a new stake in shares of Modine Manufacturing in the third quarter valued at about $184,610,000. Invesco Ltd. lifted its stake in shares of Modine Manufacturing by 120.4% in the fourth quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock worth $176,037,000 after buying an additional 720,389 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Modine Manufacturing by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock worth $311,503,000 after acquiring an additional 560,131 shares during the last quarter. WT Asset Management Ltd acquired a new position in Modine Manufacturing during the fourth quarter worth about $69,255,000. Finally, Norges Bank purchased a new stake in Modine Manufacturing during the 4th quarter valued at about $58,309,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

More Modine Manufacturing News

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Investor interest in Modine’s growing exposure to data center cooling remains a key bull case, as the company is being highlighted for benefiting from AI-related thermal management demand. This supports the view that Modine’s long-term growth story is intact. Article Title
• Positive Sentiment: Wall Street remains broadly constructive: Modine recently beat quarterly EPS and revenue estimates, posted 47.5% year-over-year revenue growth, and analysts continue to hold a Moderate Buy view with price targets above current levels. Article Title
• Neutral Sentiment: One market commentary specifically reiterated that Modine’s recent gains from data center cooling exposure are a notable investment theme, reinforcing that the stock is being watched as an AI infrastructure beneficiary. Article Title
• Negative Sentiment: Several insiders sold shares this week, including Director Eric Ashleman’s 15,000-share sale and additional sales by an insider and a vice president. Heavy insider selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Article Title
• Negative Sentiment: Another report said Modine shares fell sharply in the prior session and that valuation models still see the stock as overvalued, which may be contributing to near-term pressure on the shares. Article Title

Modine Manufacturing Stock Down 0.8%

Modine Manufacturing stock opened at $275.31 on Thursday. The company has a market capitalization of $14.54 billion, a PE ratio of 122.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. Modine Manufacturing Company has a fifty-two week low of $86.48 and a fifty-two week high of $323.25. The firm has a 50 day moving average price of $269.34 and a 200 day moving average price of $212.71.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The company had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was up 47.5% compared to the same quarter last year. Research analysts expect that Modine Manufacturing Company will post 7.73 earnings per share for the current year.

Insider Activity at Modine Manufacturing

In related news, VP Brian Jon Agen sold 38,282 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $295.17, for a total transaction of $11,299,697.94. Following the completion of the transaction, the vice president directly owned 66,343 shares in the company, valued at $19,582,463.31. This trade represents a 36.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Eric S. Mcginnis sold 1,020 shares of Modine Manufacturing stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $295.06, for a total value of $300,961.20. Following the completion of the transaction, the insider directly owned 28,364 shares of the company’s stock, valued at approximately $8,369,081.84. This represents a 3.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 54,302 shares of company stock worth $15,928,759. 2.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on MOD. B. Riley Financial increased their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. KeyCorp boosted their target price on Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Glj Research restated a “buy” rating and issued a $428.00 price target on shares of Modine Manufacturing in a research report on Monday, June 1st. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, UBS Group lifted their price objective on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.14.

Modine Manufacturing Company Profile

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.