De Lisle Partners LLP Acquires New Shares in Modine Manufacturing Company $MOD

De Lisle Partners LLP acquired a new position in shares of Modine Manufacturing Company (NYSE:MOD) in the second quarter, HoldingsChannel.com reports. The firm acquired 21,000 shares of the auto parts company’s stock, valued at approximately $5,606,000.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Modine Manufacturing during the second quarter valued at $765,540,000. Invesco Ltd. increased its holdings in shares of Modine Manufacturing by 120.4% in the 4th quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock worth $176,037,000 after acquiring an additional 720,389 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Modine Manufacturing by 31.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock worth $311,503,000 after acquiring an additional 560,131 shares during the period. WT Asset Management Ltd bought a new stake in Modine Manufacturing in the 4th quarter valued at about $69,255,000. Finally, Janus Henderson Group PLC lifted its position in Modine Manufacturing by 2,249.9% in the 1st quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock valued at $113,459,000 after purchasing an additional 501,229 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Modine Manufacturing news, VP Brian Jon Agen sold 38,282 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $295.17, for a total transaction of $11,299,697.94. Following the completion of the sale, the vice president directly owned 66,343 shares of the company’s stock, valued at approximately $19,582,463.31. This represents a 36.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 approximately $8,369,081.84. The trade was a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 54,302 shares of company stock valued at $15,928,759. 1.92% of the stock is owned by corporate insiders.

Modine Manufacturing Stock Performance

MOD opened at $198.03 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. The firm has a market cap of $10.52 billion, a PE ratio of 74.45, a P/E/G ratio of 0.65 and a beta of 1.71. The business has a fifty day simple moving average of $232.44 and a 200-day simple moving average of $236.03. Modine Manufacturing Company has a fifty-two week low of $111.18 and a fifty-two week high of $323.25.

Modine Manufacturing (NYSE:MOD) last announced its earnings results on Wednesday, July 29th. The auto parts company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.26. Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%.The company had revenue of $874.10 million for the quarter, compared to analyst estimates of $878.69 million. During the same period in the previous year, the firm earned $0.95 earnings per share. Modine Manufacturing’s revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, equities analysts predict that Modine Manufacturing Company will post 7.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MOD has been the subject of several analyst reports. Oppenheimer boosted their price objective on Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. B. Riley Financial reiterated a “buy” rating and set a $305.00 price target (down from $340.00) on shares of Modine Manufacturing in a research report on Thursday, July 30th. KeyCorp decreased their price target on Modine Manufacturing from $370.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. UBS Group raised their price target on Modine Manufacturing to $310.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.14.

Modine Manufacturing Profile

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.