218,454 Shares in Modine Manufacturing Company $MOD Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. bought a new stake in Modine Manufacturing Company (NYSE:MOD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 218,454 shares of the auto parts company’s stock, valued at approximately $21,518,000. Westwood Holdings Group Inc. owned approximately 0.42% of Modine Manufacturing at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MOD. Envestnet Asset Management Inc. lifted its stake in shares of Modine Manufacturing by 28.8% during the first quarter. Envestnet Asset Management Inc. now owns 65,498 shares of the auto parts company’s stock valued at $5,027,000 after buying an additional 14,664 shares during the period. Xponance Inc. raised its holdings in Modine Manufacturing by 6.3% in the 1st quarter. Xponance Inc. now owns 4,015 shares of the auto parts company’s stock valued at $308,000 after acquiring an additional 239 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Modine Manufacturing by 154.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 360,016 shares of the auto parts company’s stock valued at $27,631,000 after acquiring an additional 218,254 shares during the last quarter. IFP Advisors Inc lifted 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 purchasing an additional 113 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of Modine Manufacturing by 2.2% during the first quarter. GW&K Investment Management LLC now owns 147,677 shares of the auto parts company’s stock worth $11,334,000 after purchasing an additional 3,187 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MOD has been the subject of several analyst reports. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a research note on Thursday. Oppenheimer raised their target price on shares of Modine Manufacturing from $145.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. DA Davidson upped their price target on shares of Modine Manufacturing from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, KeyCorp increased their price target on shares of Modine Manufacturing from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.00.

Insider Transactions at Modine Manufacturing

In related news, Director Suresh V. Garimella sold 14,204 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $11,511,636.24. This trade represents a 14.76% decrease in their position. The sale was disclosed in a 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 that occurred on 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 transaction, the insider directly owned 19,966 shares in the company, valued at $2,812,410.76. This trade represents a 55.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.48% of the company’s stock.

Modine Manufacturing Price Performance

MOD opened at $132.30 on Friday. Modine Manufacturing Company has a 52-week low of $64.79 and a 52-week high of $166.94. The company has a 50 day moving average of $150.20 and a two-hundred day moving average of $122.99. The company has a market cap of $6.97 billion, a P/E ratio of 38.24, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Tuesday, October 28th. The auto parts company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.09. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. The business had revenue of $738.90 million for the quarter, compared to the consensus estimate of $699.91 million. During the same quarter last year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, analysts expect that Modine Manufacturing Company will post 3.88 earnings per share for the current year.

Modine Manufacturing Company Profile

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.