Modine Manufacturing Company $MOD Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in Modine Manufacturing Company (NYSE:MOD) by 33.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,147 shares of the auto parts company’s stock after selling 94,955 shares during the quarter. Royce & Associates LP owned about 0.37% of Modine Manufacturing worth $25,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in Modine Manufacturing in the 4th quarter worth $27,000. Sunbelt Securities Inc. purchased a new position in Modine Manufacturing in the 3rd quarter worth $39,000. Danske Bank A S purchased a new position in Modine Manufacturing in the 3rd quarter worth $43,000. AdvisorShares Investments LLC raised its stake in Modine Manufacturing by 154.0% in the 3rd quarter. AdvisorShares Investments LLC now owns 475 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 288 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of Modine Manufacturing during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Price Performance

Shares of Modine Manufacturing stock opened at $297.39 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.19 and a debt-to-equity ratio of 0.51. Modine Manufacturing Company has a twelve month low of $86.48 and a twelve month high of $323.25. The business has a 50-day moving average price of $241.71 and a 200 day moving average price of $192.81. The firm has a market cap of $15.68 billion, a PE ratio of 165.22, a P/E/G ratio of 1.06 and a beta of 1.66.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.20. Modine Manufacturing had a return on equity of 22.99% and a net margin of 3.40%.The firm had revenue of $954.40 million during the quarter, compared to analyst estimates of $920.67 million. During the same quarter in the previous year, the business earned $1.12 EPS. Modine Manufacturing’s revenue for the quarter was up 47.5% compared to the same quarter last year. Sell-side analysts predict that Modine Manufacturing Company will post 4.82 earnings per share for the current fiscal year.

Modine Manufacturing News Summary

Here are the key news stories impacting Modine Manufacturing this week:

• Positive Sentiment: Modine secured a more than $4 billion long-term data center cooling agreement, boosting long-term revenue visibility and highlighting demand from AI infrastructure customers.
• Positive Sentiment: The company reported fiscal Q4 earnings of $1.71 per share, ahead of estimates, while revenue also exceeded Wall Street expectations. Modine (MOD) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Management raised FY2027 revenue guidance to $3.1 billion-$3.9 billion, suggesting continued growth momentum and supporting the stock’s move higher.
• Neutral Sentiment: Analysts are still watching Modine’s quarterly metrics and valuation closely after the strong run-up, with some price targets below the current trading level.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Modine Manufacturing in a research note on Wednesday, May 6th. Glj Research began coverage on Modine Manufacturing in a research report on Monday, March 30th. They issued a “buy” rating and a $290.00 price objective on the stock. Wall Street Zen lowered Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. B. Riley Financial upped their price objective on Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Oppenheimer upped their price objective on Modine Manufacturing from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.57.

About Modine Manufacturing

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.