Modine Manufacturing Company (NYSE:MOD) Given Average Rating of “Moderate Buy” by Analysts

Modine Manufacturing Company (NYSE:MOD) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $314.2857.

Several analysts have issued reports on MOD shares. Weiss Ratings upgraded Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. B. Riley Financial upped their price target on Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Glj Research restated a “buy” rating and set a $428.00 price objective on shares of Modine Manufacturing in a research note on Monday, June 1st.

Insiders Place Their Bets

In other news, Director Eric D. Ashleman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total value of $4,328,100.00. Following the transaction, the director directly owned 42,350 shares in the company, valued at approximately $12,219,669. This trade represents a 26.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing stock in a transaction dated Thursday, June 18th. The shares were 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 of the company’s stock, valued at $19,582,463.31. This trade represents a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 54,302 shares of company stock valued at $15,928,759. Company insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On Modine Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Modine Manufacturing by 4.7% during the fourth quarter. Wellington Management Group LLP now owns 2,879,299 shares of the auto parts company’s stock valued at $384,415,000 after purchasing an additional 130,511 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Modine Manufacturing by 31.6% in the 4th 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 purchasing an additional 560,131 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Modine Manufacturing by 1.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,792,413 shares of the auto parts company’s stock worth $176,553,000 after purchasing an additional 23,955 shares during the last quarter. Capital Research Global Investors boosted its position in Modine Manufacturing by 13.8% during the 4th quarter. Capital Research Global Investors now owns 1,478,224 shares of the auto parts company’s stock valued at $197,358,000 after purchasing an additional 179,617 shares during the period. Finally, Invesco Ltd. boosted its position in Modine Manufacturing by 120.4% during the 4th quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock valued at $176,037,000 after purchasing an additional 720,389 shares during the period. Institutional investors and hedge funds own 95.23% of the company’s stock.

Key Headlines Impacting Modine Manufacturing

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

• Positive Sentiment: Modine reported fiscal first-quarter 2027 adjusted earnings of $1.53 per share, surpassing the $1.27 analyst consensus and rising from $0.95 a year earlier. Revenue increased 28% year over year to $874.1 million, while management said its core growth engines remained strong and reaffirmed its fiscal 2027 outlook. Modine Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: The earnings beat and continued revenue growth have prompted some investors to view Modine (MOD) as discounted relative to its estimated fair value, potentially supporting the stock if growth expectations remain intact. Modine Stock Looks Discounted Relative to Fair Value
• Neutral Sentiment: KeyCorp reduced its price target from $370 to $280 but maintained an Overweight rating. The lower target reflects more cautious expectations, although it still indicates substantial potential upside based on the referenced share price. KeyCorp Modine Price Target Update
• Negative Sentiment: Quarterly revenue of $874.1 million fell slightly short of the $878.7 million consensus estimate. In addition, fiscal 2027 revenue guidance of $3.8 billion to $4.3 billion has a midpoint modestly below the $4.1 billion consensus, while the reported update did not provide a clear EPS outlook. These factors may have outweighed the earnings beat, particularly with Modine trading at a high earnings multiple.

Modine Manufacturing Stock Up 0.1%

Shares of MOD traded up $0.12 during midday trading on Thursday, hitting $178.16. The company had a trading volume of 735,956 shares, compared to its average volume of 1,372,931. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 79.61, a PEG ratio of 0.67 and a beta of 1.67. The company’s 50 day moving average price is $259.45 and its 200 day moving average price is $229.97. The company has a quick ratio of 1.25, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. Modine Manufacturing has a 52 week low of $111.18 and a 52 week high of $323.25.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.27 by $0.26. Modine Manufacturing had a net margin of 3.82% and a return on equity of 24.39%. The business had revenue of $874.10 million for the quarter, compared to analysts’ expectations of $878.69 million. During the same quarter last year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities research analysts predict that Modine Manufacturing will post 7.72 EPS for the current year.

About Modine Manufacturing

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.