Modine Manufacturing (NYSE:MOD) Given New $225.00 Price Target at KeyCorp

Modine Manufacturing (NYSE:MOD) had its target price lowered by KeyCorp from $280.00 to $225.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Several other equities analysts have also commented on MOD. Oppenheimer decreased their target price on shares of Modine Manufacturing from $300.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, October 2nd. Zacks Research cut shares of Modine Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Wall Street Zen downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. DA Davidson reiterated a “buy” rating and issued a $330.00 price target on shares of Modine Manufacturing in a research note on Tuesday, October 27th. Finally, Cantor Fitzgerald started coverage on Modine Manufacturing in a report on Tuesday, October 20th. They set an “overweight” rating and a $275.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $297.33.

Modine Manufacturing Stock Down 22.9%

NYSE:MOD opened at $96.67 on Wednesday. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 0.45 and a beta of 1.86. Modine Manufacturing has a twelve month low of $91.42 and a twelve month high of $323.25. The stock’s 50 day moving average price is $169.98 and its two-hundred day moving average price is $214.59. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39.

Modine Manufacturing (NYSE:MOD) last posted its quarterly earnings results on Tuesday, November 3rd. The auto parts company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). Modine Manufacturing had a return on equity of 26.28% and a net margin of 3.58%. The business had revenue of $994.40 million for the quarter, compared to the consensus estimate of $978.31 million. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. Equities research analysts expect that Modine Manufacturing will post 7.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Penn Capital Management Company LLC increased its stake in shares of Modine Manufacturing by 37.0% in the 3rd quarter. Penn Capital Management Company LLC now owns 8,501 shares of the auto parts company’s stock valued at $1,608,000 after acquiring an additional 2,297 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Modine Manufacturing by 13.8% in the 3rd quarter. Van Berkom & Associates Inc. now owns 249,114 shares of the auto parts company’s stock valued at $46,634,000 after purchasing an additional 30,126 shares during the period. Ethic Inc. raised its position in Modine Manufacturing by 56.5% in the third quarter. Ethic Inc. now owns 4,487 shares of the auto parts company’s stock worth $840,000 after acquiring an additional 1,619 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Modine Manufacturing by 247.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 441,705 shares of the auto parts company’s stock worth $82,687,000 after purchasing an additional 314,668 shares during the period. Finally, CenterBook Partners LP increased its position in Modine Manufacturing by 2,128.5% in the third quarter. CenterBook Partners LP now owns 106,992 shares of the auto parts company’s stock worth $20,029,000 after buying an additional 102,191 shares during the last quarter. 95.23% of the stock is owned by institutional investors.

Modine Manufacturing News Summary

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

• Positive Sentiment: Modine forecast fiscal 2027 sales of $3.1 billion to $3.2 billion and adjusted EBITDA of $470 million to $500 million, citing strong demand in data centers and Commercial HVAC. The data-center segment is expected to grow 80% to 90%. Modine outlook and data-center demand
• Positive Sentiment: Quarterly revenue rose 34.6% year over year to $994.4 million, topping analyst estimates of about $978 million. The company said growth in data centers and Commercial HVAC supported its improved full-year revenue outlook. Modine reports second-quarter fiscal 2027 results
• Neutral Sentiment: KeyCorp lowered its price target to $225 from $280 but kept an Overweight rating, indicating continued analyst optimism despite the reduction. KeyCorp rating and price-target information
• Negative Sentiment: Quarterly EPS of $1.35 missed analyst expectations. That earnings shortfall likely weighed on the shares, despite the revenue beat and year-over-year EPS growth. Modine misses second-quarter earnings estimates

About Modine Manufacturing

Modine Manufacturing Company (NYSE: MOD) is a diversified thermal management company that develops and manufactures solutions for managing heat in vehicles, equipment, buildings and industrial systems. Its products are designed to improve efficiency, reliability and performance across a range of applications.

The company serves the automotive, commercial vehicle, off-highway, power generation, data center, heating, ventilation, air conditioning and refrigeration markets. Its offerings include heat exchangers, radiators, charge air coolers, battery and power electronics cooling systems, liquid-cooling equipment, coils and other thermal management components and systems.

Founded in 1916 by Arthur B.