Insider Selling: Modine Manufacturing (NYSE:MOD) Insider Sells $300,961.20 in Stock

Modine Manufacturing Company (NYSE:MOD) insider Eric Mcginnis sold 1,020 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $295.06, for a total transaction 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. The trade was a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Modine Manufacturing Stock Performance

Shares of MOD opened at $275.31 on Thursday. The company has a 50-day simple moving average of $269.34 and a two-hundred day simple moving average of $212.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. The firm 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. Modine Manufacturing Company has a one year low of $86.48 and a one year high of $323.25.

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

Wall Street Analyst Weigh In

MOD has been the subject of several recent research reports. UBS Group raised their price objective on Modine Manufacturing to $310.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer increased their price target on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. B. Riley Financial lifted their price target on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. KeyCorp upped their price objective on shares of Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $327.14.

Hedge Funds Weigh In On Modine Manufacturing

Institutional investors and hedge funds have recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its stake in shares of Modine Manufacturing by 583.1% in the fourth quarter. Perigon Wealth Management LLC now owns 15,171 shares of the auto parts company’s stock worth $2,025,000 after buying an additional 12,950 shares in the last quarter. Wisconsin Capital Management LLC increased its position in shares of Modine Manufacturing by 227.9% during the third quarter. Wisconsin Capital Management LLC now owns 23,071 shares of the auto parts company’s stock valued at $3,280,000 after acquiring an additional 16,034 shares in the last quarter. Congress Asset Management Co. increased its position in shares of Modine Manufacturing by 7.8% during the fourth quarter. Congress Asset Management Co. now owns 568,853 shares of the auto parts company’s stock valued at $75,948,000 after acquiring an additional 41,373 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Modine Manufacturing by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,171,497 shares of the auto parts company’s stock worth $166,540,000 after acquiring an additional 151,543 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Modine Manufacturing by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,080,874 shares of the auto parts company’s stock valued at $722,297,000 after acquiring an additional 97,035 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing News Summary

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 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.