Modine Manufacturing Company $MOD Shares Sold by Diversified Trust Co

Diversified Trust Co lessened its position in shares of Modine Manufacturing Company (NYSE:MOD) by 42.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,924 shares of the auto parts company’s stock after selling 2,908 shares during the quarter. Diversified Trust Co’s holdings in Modine Manufacturing were worth $850,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in Modine Manufacturing in the 4th quarter worth approximately $25,000. Spire Wealth Management acquired a new stake in Modine Manufacturing during the 4th quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Modine Manufacturing in the 3rd quarter valued at $39,000. Danske Bank A S purchased a new stake in shares of Modine Manufacturing in the 3rd quarter valued at $43,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Modine Manufacturing by 140.5% in the 4th quarter. Root Financial Partners LLC now owns 368 shares of the auto parts company’s stock valued at $49,000 after acquiring an additional 215 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MOD shares. B. Riley Financial raised their target price on shares of Modine Manufacturing from $250.00 to $264.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. DA Davidson reaffirmed a “buy” rating and issued a $330.00 price target on shares of Modine Manufacturing in a report on Monday. Wall Street Zen raised Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research lowered Modine Manufacturing from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Glj Research reissued a “buy” rating and issued a $428.00 price objective on shares of Modine Manufacturing in a report on Monday, June 1st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Modine Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $327.14.

Key Headlines Impacting Modine Manufacturing

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

• Positive Sentiment: Investor interest in Modine’s growing exposure to data center cooling remains a key bull case, as the company is being highlighted for benefiting from AI-related thermal management demand. This supports the view that Modine’s long-term growth story is intact. Article Title
• Positive Sentiment: Wall Street remains broadly constructive: Modine recently beat quarterly EPS and revenue estimates, posted 47.5% year-over-year revenue growth, and analysts continue to hold a Moderate Buy view with price targets above current levels. Article Title
• Neutral Sentiment: One market commentary specifically reiterated that Modine’s recent gains from data center cooling exposure are a notable investment theme, reinforcing that the stock is being watched as an AI infrastructure beneficiary. Article Title
• Negative Sentiment: Several insiders sold shares this week, including Director Eric Ashleman’s 15,000-share sale and additional sales by an insider and a vice president. Heavy insider selling can weigh on sentiment because investors may view it as profit-taking after a strong run. Article Title
• Negative Sentiment: Another report said Modine shares fell sharply in the prior session and that valuation models still see the stock as overvalued, which may be contributing to near-term pressure on the shares. Article Title

Insider Activity

In related 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 transaction, the vice president owned 66,343 shares in the company, valued at $19,582,463.31. This represents a 36.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Ashleman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total transaction of $4,328,100.00. Following the completion of the transaction, the director directly owned 42,350 shares in the company, valued at $12,219,669. This represents a 26.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,302 shares of company stock worth $15,928,759 over the last 90 days. 2.48% of the stock is currently owned by company insiders.

Modine Manufacturing Stock Down 0.8%

Shares of MOD opened at $275.31 on Thursday. The firm has a market cap of $14.54 billion, a P/E ratio of 122.91, a PEG ratio of 0.90 and a beta of 1.65. Modine Manufacturing Company has a 12 month low of $86.48 and a 12 month high of $323.25. The stock’s 50 day moving average is $269.34 and its two-hundred day moving average is $212.71. The company has a current ratio of 1.94, a quick ratio of 1.25 and a debt-to-equity ratio of 0.32.

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

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.