Modine Manufacturing Company $MOD Shares Bought by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC increased its stake in shares of Modine Manufacturing Company (NYSE:MOD) by 3.5% during the 2nd quarter, Holdings Channel reports. The fund owned 16,157 shares of the auto parts company’s stock after purchasing an additional 543 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Modine Manufacturing were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MOD. GAMMA Investing LLC grew its position in shares of Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 142 shares during the period. Maseco LLP purchased a new position in Modine Manufacturing during the second quarter worth approximately $51,000. First Horizon Advisors Inc. increased its position in shares of Modine Manufacturing by 442.4% in the first quarter. First Horizon Advisors Inc. now owns 640 shares of the auto parts company’s stock valued at $49,000 after buying an additional 522 shares in the last quarter. IFP Advisors Inc grew its position in shares of Modine Manufacturing by 14.2% in the first quarter. IFP Advisors Inc now owns 911 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 113 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Modine Manufacturing in the 1st quarter worth approximately $92,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Stock Up 4.2%

MOD stock opened at $153.76 on Tuesday. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $159.54. The company’s 50 day moving average price is $140.64 and its 200 day moving average price is $108.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 0.94 and a beta of 2.06.

Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Wednesday, July 30th. The auto parts company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. The business had revenue of $682.80 million for the quarter, compared to the consensus estimate of $653.80 million. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOD has been the subject of several recent research reports. DA Davidson reaffirmed a “buy” rating and issued a $185.00 price target on shares of Modine Manufacturing in a report on Monday, September 29th. Zacks Research cut shares of Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Oppenheimer raised their price objective on shares of Modine Manufacturing from $121.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. KeyCorp boosted their target price on shares of Modine Manufacturing from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Finally, Wall Street Zen lowered shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.67.

Insider Activity at Modine Manufacturing

In other Modine Manufacturing news, EVP Michael B. Lucareli sold 80,661 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $128.33, for a total value of $10,351,226.13. Following the completion of the sale, the executive vice president owned 66,920 shares in the company, valued at approximately $8,587,843.60. The trade was a 54.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric S. Mcginnis sold 25,173 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $140.86, for a total transaction of $3,545,868.78. Following the completion of the sale, the insider owned 19,966 shares of the company’s stock, valued at approximately $2,812,410.76. This trade represents a 55.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 239,938 shares of company stock valued at $31,001,392 over the last 90 days. 2.48% of the stock is owned by insiders.

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.