Modine Manufacturing Company $MOD Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in Modine Manufacturing Company (NYSE:MOD) by 186.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,850 shares of the auto parts company’s stock after buying an additional 3,807 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Modine Manufacturing were worth $781,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Capital Research Global Investors acquired a new position in shares of Modine Manufacturing during the third quarter worth about $184,610,000. WT Asset Management Ltd acquired a new position in shares of Modine Manufacturing during the fourth quarter worth about $69,255,000. Van Berkom & Associates Inc. grew its position in shares of Modine Manufacturing by 3,145.2% during the fourth quarter. Van Berkom & Associates Inc. now owns 436,084 shares of the auto parts company’s stock worth $58,222,000 after buying an additional 422,646 shares in the last quarter. Invesco Ltd. grew its position in shares of Modine Manufacturing by 133.2% during the third quarter. Invesco Ltd. now owns 598,140 shares of the auto parts company’s stock worth $85,032,000 after buying an additional 341,595 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Modine Manufacturing during the second quarter worth about $28,322,000. Institutional investors and hedge funds own 95.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MOD. Zacks Research downgraded Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. B. Riley Financial boosted their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Glj Research reiterated a “buy” rating and set a $428.00 target price on shares of Modine Manufacturing in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Finally, KeyCorp boosted their target price on shares of Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.14.

Modine Manufacturing Stock Performance

NYSE MOD opened at $274.70 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. Modine Manufacturing Company has a 1 year low of $86.48 and a 1 year high of $323.25. The company has a market capitalization of $14.51 billion, a PE ratio of 122.63, a P/E/G ratio of 0.89 and a beta of 1.65. The company has a fifty day moving average of $255.68 and a two-hundred day moving average of $201.94.

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

Modine Manufacturing 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.