Zacks Research Downgrades Modine Manufacturing (NYSE:MOD) to Hold

Modine Manufacturing (NYSE:MOD) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms also recently commented on MOD. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. DA Davidson reissued a “buy” rating and issued a $185.00 target price on shares of Modine Manufacturing in a research report on Monday. Oppenheimer boosted their target price on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Finally, KeyCorp boosted their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.67.

Modine Manufacturing Stock Performance

Shares of MOD opened at $142.18 on Monday. The company’s 50 day moving average price is $136.80 and its 200 day moving average price is $106.14. Modine Manufacturing has a 52 week low of $64.79 and a 52 week high of $159.54. The company has a market capitalization of $7.46 billion, a PE ratio of 40.74, a PEG ratio of 0.90 and a beta of 2.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06.

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

Insider Buying and Selling at Modine Manufacturing

In related news, EVP Michael B. Lucareli sold 40,422 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $140.47, for a total transaction of $5,678,078.34. Following the completion of the sale, the executive vice president directly owned 41,920 shares of the company’s stock, valued at approximately $5,888,502.40. This represents a 49.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suresh V. Garimella sold 14,204 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.29, for a total transaction of $1,992,679.16. Following the sale, the director directly owned 82,056 shares of the company’s stock, valued at approximately $11,511,636.24. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 239,938 shares of company stock worth $31,001,392 in the last quarter. 2.48% of the stock is owned by corporate insiders.

Institutional Trading of Modine Manufacturing

A number of hedge funds have recently bought and sold shares of MOD. GAMMA Investing LLC boosted its holdings in Modine Manufacturing by 63.1% in the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 142 shares during the period. Versant Capital Management Inc boosted its holdings in Modine Manufacturing by 245.9% in the 1st quarter. Versant Capital Management Inc now owns 422 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Modine Manufacturing by 2,025.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 425 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 405 shares during the period. First Horizon Advisors Inc. boosted its holdings in Modine Manufacturing by 442.4% in the 1st quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock valued at $49,000 after purchasing an additional 522 shares during the period. Finally, Maseco LLP bought a new stake in Modine Manufacturing in the 2nd quarter valued at $51,000. 95.23% of the stock is owned by institutional investors.

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.