Empowered Funds LLC Takes Position in Modine Manufacturing Company $MOD

Empowered Funds LLC purchased a new position in Modine Manufacturing Company (NYSE:MOD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,643 shares of the auto parts company’s stock, valued at approximately $11,883,000. Empowered Funds LLC owned 0.23% of Modine Manufacturing at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOD. Vanguard Group Inc. grew its stake in Modine Manufacturing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 5,187,554 shares of the auto parts company’s stock worth $398,145,000 after acquiring an additional 128,587 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Modine Manufacturing by 293.7% during the first quarter. Wellington Management Group LLP now owns 2,468,788 shares of the auto parts company’s stock valued at $189,479,000 after acquiring an additional 1,841,640 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Modine Manufacturing by 1.2% in the second quarter. Geode Capital Management LLC now owns 1,214,976 shares of the auto parts company’s stock valued at $119,690,000 after purchasing an additional 14,096 shares during the period. Reinhart Partners LLC. grew its stake in Modine Manufacturing by 24.6% in the second quarter. Reinhart Partners LLC. now owns 1,091,561 shares of the auto parts company’s stock worth $107,520,000 after purchasing an additional 215,727 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Modine Manufacturing by 27.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 842,379 shares of the auto parts company’s stock worth $64,653,000 after purchasing an additional 180,539 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Insiders Place Their Bets

In related news, insider Eric S. Mcginnis sold 25,173 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the transaction, the insider directly owned 19,966 shares in the company, valued at $2,812,410.76. The trade was a 55.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Suresh V. Garimella sold 14,204 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $140.29, for a total value of $1,992,679.16. Following the completion of the sale, the director owned 82,056 shares of the company’s stock, valued at approximately $11,511,636.24. This trade represents a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.48% of the company’s stock.

Modine Manufacturing Stock Performance

Shares of Modine Manufacturing stock opened at $130.94 on Wednesday. The company has a market capitalization of $6.89 billion, a PE ratio of 37.84, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a 50-day simple moving average of $149.84 and a two-hundred day simple moving average of $123.86. Modine Manufacturing Company has a one year low of $64.79 and a one year high of $166.94. 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 released its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.09. The business had revenue of $738.90 million for the quarter, compared to analysts’ expectations of $699.91 million. Modine Manufacturing had a net margin of 6.93% and a return on equity of 23.99%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. Research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MOD. Zacks Research cut Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a research note on Thursday, November 13th. DA Davidson raised their target price on shares of Modine Manufacturing from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Oppenheimer boosted their price target on shares of Modine Manufacturing from $145.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.00.

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.