Modine Manufacturing VP Scott D. Wollenberg Sells 3,300 Shares (MOD)
Modine Manufacturing (NYSE:MOD) VP Scott D. Wollenberg unloaded 3,300 shares of Modine Manufacturing stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $14.81, for a total transaction of $48,873.00. Following the completion of the sale, the vice president now directly owns 34,067 shares in the company, valued at approximately $504,532. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Modine Manufacturing from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $13.80 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Modine Manufacturing from $12.00 to $13.00 in a research note on Monday, February 3rd. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Modine Manufacturing from an “underweight” rating to a “neutral” rating in a research note on Thursday, January 30th. They now have a $11.00 price target on the stock. They noted that the move was a valuation call.
Modine Manufacturing (NYSE:MOD) traded down 0.47% during mid-day trading on Friday, hitting $14.69. 221,903 shares of the company’s stock traded hands. Modine Manufacturing has a 1-year low of $8.03 and a 1-year high of $15.17. The stock has a 50-day moving average of $12.78 and a 200-day moving average of $13.33. The company has a market cap of $698.9 million and a P/E ratio of 81.10.
Modine Manufacturing (NYSE:MOD) last announced its earnings results on Thursday, January 30th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.10. The company had revenue of $347.00 million for the quarter, compared to the consensus estimate of $353.27 million. During the same quarter last year, the company posted $0.02 earnings per share. Modine Manufacturing’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Modine Manufacturing will post $0.68 earnings per share for the current fiscal year.
Modine Manufacturing Company (NYSE:MOD), specializes in thermal management systems and components, bringing heating and cooling technology and solutions to global markets.
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