Modine Manufacturing (NYSE:MOD) Price Target Raised to $180.00

Modine Manufacturing (NYSE:MOD) had its target price boosted by Oppenheimer from $145.00 to $180.00 in a report published on Tuesday,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

A number of other equities analysts also recently commented on MOD. DA Davidson reissued a “buy” rating and issued a $185.00 target price on shares of Modine Manufacturing 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 report on Saturday, August 2nd. KeyCorp upped their target price on Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Modine Manufacturing in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $180.00.

Modine Manufacturing Price Performance

MOD stock opened at $160.73 on Tuesday. The stock has a 50-day moving average price of $144.27 and a two-hundred day moving average price of $111.48. Modine Manufacturing has a 12-month low of $64.79 and a 12-month high of $164.89. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $8.44 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 1.03 and a beta of 2.06.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The firm had revenue of $682.80 million during the quarter, compared to the consensus estimate of $653.80 million. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, research analysts predict that Modine Manufacturing will post 3.88 EPS for the current year.

Insiders Place Their Bets

In related news, VP Brian Jon Agen sold 47,939 shares of the business’s stock in a transaction dated 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 transaction, the vice president owned 90,015 shares in the company, valued at approximately $9,946,657.50. The trade was a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Eric S. Mcginnis sold 25,173 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 19,966 shares in the company, valued at approximately $2,812,410.76. This trade represents a 55.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 239,938 shares of company stock valued at $31,001,392. Insiders own 2.48% of the company’s stock.

Institutional Trading of Modine Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its stake in shares of Modine Manufacturing by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 13,100 shares of the auto parts company’s stock worth $1,290,000 after acquiring an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Modine Manufacturing by 5.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company’s stock worth $154,000 after acquiring an additional 105 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Modine Manufacturing by 14.2% during the 1st quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 113 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 142 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Modine Manufacturing by 3.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,602 shares of the auto parts company’s stock worth $453,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

About Modine Manufacturing

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.