2,002 Shares in Modine Manufacturing (NYSE:MOD) Acquired by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC bought a new stake in Modine Manufacturing (NYSE:MOD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,002 shares of the auto parts company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MOD. Vanguard Group Inc. grew its holdings in shares of Modine Manufacturing by 27.3% in the first quarter. Vanguard Group Inc. now owns 3,909,016 shares of the auto parts company’s stock valued at $372,099,000 after purchasing an additional 838,460 shares in the last quarter. Capital International Investors boosted its position in Modine Manufacturing by 40.6% in the 1st quarter. Capital International Investors now owns 1,425,845 shares of the auto parts company’s stock valued at $135,726,000 after buying an additional 411,946 shares during the period. Driehaus Capital Management LLC grew its stake in shares of Modine Manufacturing by 32.8% in the second quarter. Driehaus Capital Management LLC now owns 1,101,932 shares of the auto parts company’s stock worth $110,403,000 after acquiring an additional 272,174 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Modine Manufacturing by 5.1% during the second quarter. Fred Alger Management LLC now owns 369,840 shares of the auto parts company’s stock worth $37,054,000 after acquiring an additional 17,889 shares during the period. Finally, Emerald Advisers LLC raised its stake in shares of Modine Manufacturing by 1.6% in the third quarter. Emerald Advisers LLC now owns 264,349 shares of the auto parts company’s stock valued at $35,103,000 after acquiring an additional 4,199 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. DA Davidson boosted their target price on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. B. Riley upped their target price on shares of Modine Manufacturing from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. William Blair began coverage on shares of Modine Manufacturing in a research note on Monday, July 29th. They issued an “outperform” rating for the company. Finally, Oppenheimer increased their price objective on shares of Modine Manufacturing from $144.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.67.

Insiders Place Their Bets

In other news, Director Marsha C. Williams sold 34,400 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $109.74, for a total value of $3,775,056.00. Following the completion of the sale, the director now directly owns 144,038 shares of the company’s stock, valued at approximately $15,806,730.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.

Modine Manufacturing Price Performance

MOD stock opened at $127.37 on Friday. The business has a 50 day moving average price of $122.85 and a 200 day moving average price of $109.33. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 0.41. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 0.84 and a beta of 2.25. Modine Manufacturing has a fifty-two week low of $41.71 and a fifty-two week high of $141.72.

Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.05. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. Modine Manufacturing had a net margin of 6.59% and a return on equity of 23.96%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Equities research analysts anticipate that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Modine Manufacturing 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.