6,701 Shares in Modine Manufacturing Company $MOD Acquired by Cim LLC

Cim LLC acquired a new stake in shares of Modine Manufacturing Company (NYSE:MOD) in the first quarter, Holdings Channel reports. The fund acquired 6,701 shares of the auto parts company’s stock, valued at approximately $1,452,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MOD. Invesco Ltd. increased its position in Modine Manufacturing by 120.4% in the fourth quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock worth $176,037,000 after buying an additional 720,389 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Modine Manufacturing by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock valued at $311,503,000 after buying an additional 560,131 shares during the last quarter. WT Asset Management Ltd acquired a new position in shares of Modine Manufacturing during the fourth quarter valued at $69,255,000. Norges Bank acquired a new position in shares of Modine Manufacturing during the fourth quarter valued at $58,309,000. Finally, Van Berkom & Associates Inc. grew its position in shares of Modine Manufacturing by 3,145.2% during the fourth quarter. Van Berkom & Associates Inc. now owns 436,084 shares of the auto parts company’s stock worth $58,222,000 after acquiring an additional 422,646 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Insider Transactions at Modine Manufacturing

In related news, insider Eric S. Mcginnis sold 1,020 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $295.06, for a total transaction of $300,961.20. Following the completion of the transaction, the insider owned 28,364 shares of the company’s stock, valued at $8,369,081.84. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brian Jon Agen sold 38,282 shares of Modine Manufacturing stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $295.17, for a total value of $11,299,697.94. Following the transaction, the vice president directly owned 66,343 shares in the company, valued at approximately $19,582,463.31. The trade was a 36.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 54,302 shares of company stock valued at $15,928,759. Corporate insiders own 1.92% of the company’s stock.

Modine Manufacturing Price Performance

NYSE MOD opened at $177.85 on Thursday. Modine Manufacturing Company has a 12 month low of $108.32 and a 12 month high of $323.25. The firm has a market capitalization of $9.45 billion, a PE ratio of 79.40, a P/E/G ratio of 0.67 and a beta of 1.67. The company’s 50 day simple moving average is $259.45 and its 200 day simple moving average is $229.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, July 28th. The auto parts company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.26. The firm had revenue of $874.10 million during the quarter, compared to the consensus estimate of $878.69 million. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities research analysts forecast that Modine Manufacturing Company will post 7.72 EPS for the current fiscal year.

Key Modine Manufacturing News

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

• Positive Sentiment: Modine reported fiscal first-quarter 2027 adjusted earnings of $1.53 per share, exceeding the $1.27 analyst consensus and rising from $0.95 a year earlier. Revenue increased 28% year over year, while management cited continued strength in its core growth businesses. Modine Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Strong demand from data-center customers and improved business visibility remain important growth drivers for Modine, supporting investor confidence in its thermal-management operations. Modine Manufacturing Rose on Strong Data Center Demand and Improved Visibility
• Neutral Sentiment: Modine reaffirmed its fiscal 2027 outlook and projected revenue of approximately $3.8 billion to $4.3 billion, a range whose midpoint is broadly in line with the roughly $4.1 billion analyst estimate. The company also continues to evaluate its previously announced spinoff plans. Modine Manufacturing Updates on Its Spinoff Plans
• Negative Sentiment: Quarterly revenue of $874.1 million narrowly missed the $878.7 million consensus estimate. Although earnings surpassed expectations, investors appear disappointed that management reaffirmed rather than raised its fiscal-year outlook, particularly given Modine’s elevated valuation and recent stock volatility. Modine Q1 Earnings Top Estimates

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MOD shares. KeyCorp increased their price objective on shares of Modine Manufacturing from $250.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. B. Riley Financial lifted their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Oppenheimer raised their price target on shares of Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $327.14.

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.