34,000 Shares in Modine Manufacturing Company $MOD Acquired by Scalar Gauge Management LLC

Scalar Gauge Management LLC bought a new position in shares of Modine Manufacturing Company (NYSE:MOD) during the second quarter, HoldingsChannel.com reports. The firm bought 34,000 shares of the auto parts company’s stock, valued at approximately $3,349,000. Modine Manufacturing comprises 1.9% of Scalar Gauge Management LLC’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also modified their holdings of MOD. XTX Topco Ltd purchased a new stake in shares of Modine Manufacturing in the second quarter worth $2,914,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of Modine Manufacturing during the 2nd quarter valued at $387,000. Champlain Investment Partners LLC boosted its holdings in Modine Manufacturing by 244.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 743,643 shares of the auto parts company’s stock worth $73,249,000 after buying an additional 527,626 shares during the period. Prudential Financial Inc. increased its stake in Modine Manufacturing by 71.4% in the 2nd quarter. Prudential Financial Inc. now owns 6,562 shares of the auto parts company’s stock worth $646,000 after buying an additional 2,733 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in Modine Manufacturing by 21.1% during the second quarter. Segall Bryant & Hamill LLC now owns 254,878 shares of the auto parts company’s stock valued at $25,105,000 after acquiring an additional 44,356 shares during the period. 95.23% of the stock is currently owned by institutional investors.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $151.44 on Tuesday. The firm has a market cap of $7.97 billion, a PE ratio of 43.77, a PEG ratio of 0.98 and a beta of 2.07. The stock has a 50 day moving average of $149.32 and a 200 day moving average of $125.33. The company has a current ratio of 2.06, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a 12 month low of $64.79 and a 12 month high of $166.94.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 23.99% and a net margin of 6.93%.The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, research analysts expect that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. DA Davidson reissued a “buy” rating and set a $200.00 target price on shares of Modine Manufacturing in a research note on Wednesday, November 19th. Wall Street Zen downgraded Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Modine Manufacturing in a report on Wednesday, November 19th. Finally, KeyCorp lifted their price objective on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Modine Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

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.