De Lisle Partners LLP Acquires 3,000 Shares of Modine Manufacturing Company $MOD

De Lisle Partners LLP increased its holdings in shares of Modine Manufacturing Company (NYSE:MOD) by 25.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,000 shares of the auto parts company’s stock after purchasing an additional 3,000 shares during the period. De Lisle Partners LLP’s holdings in Modine Manufacturing were worth $2,001,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MOD. Capital Research Global Investors bought a new position in Modine Manufacturing during the third quarter worth about $184,610,000. WT Asset Management Ltd acquired a new stake in Modine Manufacturing during the fourth quarter worth approximately $69,255,000. Norges Bank acquired a new stake in Modine Manufacturing during the fourth quarter worth approximately $58,309,000. Van Berkom & Associates Inc. lifted its position in 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. Finally, Invesco Ltd. lifted its position in Modine Manufacturing by 133.2% during the third quarter. Invesco Ltd. now owns 598,140 shares of the auto parts company’s stock worth $85,032,000 after acquiring an additional 341,595 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Modine Manufacturing Stock Performance

MOD opened at $273.16 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.25 and a current ratio of 1.94. Modine Manufacturing Company has a 52-week low of $86.48 and a 52-week high of $323.25. The firm has a market cap of $14.43 billion, a P/E ratio of 121.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.65. The business’s fifty day moving average is $260.23 and its 200-day moving average is $205.14.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings results on Tuesday, May 26th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.The company had revenue of $954.40 million for the quarter, compared to analysts’ expectations of $920.67 million. During the same quarter last year, the business earned $1.12 earnings per share. Modine Manufacturing’s revenue was up 47.5% on a year-over-year basis. Sell-side analysts expect that Modine Manufacturing Company will post 7.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MOD. B. Riley Financial raised their price objective on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. DA Davidson raised their price objective on shares of Modine Manufacturing from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. UBS Group raised their price objective on shares of Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Oppenheimer raised their price objective on shares of Modine Manufacturing from $271.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $327.14.

Modine Manufacturing Company 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.