Segall Bryant & Hamill LLC Sells 110,139 Shares of Modine Manufacturing Company $MOD

Segall Bryant & Hamill LLC lowered its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 39.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,769 shares of the auto parts company’s stock after selling 110,139 shares during the period. Segall Bryant & Hamill LLC’s holdings in Modine Manufacturing were worth $36,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Modine Manufacturing by 26.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,223 shares of the auto parts company’s stock worth $2,857,000 after acquiring an additional 7,831 shares during the period. California Public Employees Retirement System increased its stake in Modine Manufacturing by 8.3% in the second quarter. California Public Employees Retirement System now owns 68,702 shares of the auto parts company’s stock valued at $6,767,000 after acquiring an additional 5,244 shares during the period. State Street Corp increased its stake in Modine Manufacturing by 4.2% in the second quarter. State Street Corp now owns 1,309,488 shares of the auto parts company’s stock valued at $128,985,000 after acquiring an additional 53,351 shares during the period. Qube Research & Technologies Ltd raised its position in Modine Manufacturing by 106.3% in the second quarter. Qube Research & Technologies Ltd now owns 161,319 shares of the auto parts company’s stock worth $15,890,000 after purchasing an additional 83,105 shares in the last quarter. Finally, Sei Investments Co. raised its position in Modine Manufacturing by 70.8% in the second quarter. Sei Investments Co. now owns 309,653 shares of the auto parts company’s stock worth $30,501,000 after purchasing an additional 128,348 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Up 3.6%

MOD opened at $200.97 on Friday. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 75.55, a PEG ratio of 0.63 and a beta of 1.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. The firm’s 50-day simple moving average is $257.12 and its 200-day simple moving average is $230.25. Modine Manufacturing Company has a twelve month low of $111.18 and a twelve month high of $323.25.

Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, July 28th. The auto parts company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.28% and a return on equity of 26.03%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Equities research analysts anticipate that Modine Manufacturing Company will post 7.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on MOD shares. DA Davidson restated a “buy” rating and set a $330.00 price target on shares of Modine Manufacturing in a research note on Monday, June 22nd. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group raised their target price on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, KeyCorp decreased their price target on Modine Manufacturing from $370.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.14.

Key Stories Impacting Modine Manufacturing

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

• Positive Sentiment: Modine reported fiscal Q1 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 to $874.1 million, broadly near expectations. Modine Q1 Earnings Top Estimates
• Positive Sentiment: The company raised its fiscal 2027 net-sales outlook to approximately $3.8 billion-$4.3 billion, indicating continued demand and growth potential. The strong results and higher sales outlook support the longer-term investment case. Why Modine Is Down After Raising Outlook
• Positive Sentiment: KeyCorp reiterated an Overweight rating and assigned a $280 price target, while B. Riley reaffirmed its Buy rating with a $305 target. Both targets imply substantial upside from the recent trading level. KeyCorp Gives Modine a New Price Target
• Neutral Sentiment: Investor commentary has debated whether MOD is a bargain after the earnings report. The company’s growth profile is attractive, but its valuation remains demanding, with the stock trading at a high earnings multiple. Is Modine a Bargain After Strong Earnings?
• Negative Sentiment: The stock’s sharp decline following the report indicates that investors were seeking an even stronger outlook or more detail on profitability. Although sales guidance was raised, its wide $3.8 billion-$4.3 billion range brackets the $4.1 billion consensus and may have been viewed as insufficient relative to elevated expectations. Why Modine Is Down After Raising Outlook
• Negative Sentiment: KeyCorp reduced its target from $370 to $280, and B. Riley lowered its target from $340 to $305. While both firms remain bullish, the cuts reflect lower near-term expectations and add pressure to the stock’s valuation. Analyst Price Target Changes

Insider Transactions at Modine Manufacturing

In other news, insider Eric S. Mcginnis sold 1,020 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $295.06, for a total value of $300,961.20. Following the transaction, the insider directly owned 28,364 shares of the company’s stock, valued at $8,369,081.84. The trade was a 3.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric D. Ashleman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $288.54, for a total value of $4,328,100.00. Following the sale, the director owned 42,350 shares in the company, valued at approximately $12,219,669. This trade represents a 26.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 54,302 shares of company stock valued at $15,928,759. Corporate insiders own 1.92% of the company’s stock.

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.