Modine Manufacturing (NYSE:MOD) Price Target Increased to $144.00 by Analysts at Oppenheimer

Modine Manufacturing (NYSE:MOD) had its price target increased by Oppenheimer from $135.00 to $144.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the auto parts company’s stock.

Other analysts have also issued reports about the stock. DA Davidson upped their target price on shares of 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. Finally, William Blair began coverage on Modine Manufacturing in a report on Monday, July 29th. They issued an outperform rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Modine Manufacturing presently has a consensus rating of Moderate Buy and a consensus price target of $146.33.

Modine Manufacturing Stock Down 0.8 %

Shares of NYSE:MOD opened at $133.11 on Monday. The firm’s 50-day moving average is $117.00 and its two-hundred day moving average is $105.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.11. Modine Manufacturing has a 1 year low of $38.50 and a 1 year high of $138.99. The firm has a market capitalization of $6.97 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 1.02 and a beta of 2.22.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, July 30th. The auto parts company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.18. Modine Manufacturing had a net margin of 6.70% and a return on equity of 24.92%. The firm had revenue of $661.50 million for the quarter, compared to analyst estimates of $633.55 million. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts predict that Modine Manufacturing will post 3.86 EPS for the current year.

Insider Activity at Modine Manufacturing

In related news, Director Marsha C. Williams sold 34,400 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 144,038 shares of the company’s stock, valued at $15,806,730.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Modine Manufacturing

Several large investors have recently modified their holdings of the company. Banque Cantonale Vaudoise boosted its holdings in shares of Modine Manufacturing by 9.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,165 shares of the auto parts company’s stock valued at $117,000 after acquiring an additional 104 shares during the period. Xponance Inc. boosted its holdings in shares of Modine Manufacturing by 4.9% in the second quarter. Xponance Inc. now owns 3,270 shares of the auto parts company’s stock valued at $328,000 after acquiring an additional 153 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Modine Manufacturing by 0.7% during the second quarter. SummerHaven Investment Management LLC now owns 21,194 shares of the auto parts company’s stock worth $2,123,000 after purchasing an additional 155 shares during the period. Horizon Investment Services LLC lifted its holdings in shares of Modine Manufacturing by 4.4% during the first quarter. Horizon Investment Services LLC now owns 4,558 shares of the auto parts company’s stock worth $434,000 after purchasing an additional 191 shares during the period. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Modine Manufacturing by 2.9% during the second quarter. Ameritas Advisory Services LLC now owns 7,000 shares of the auto parts company’s stock worth $701,000 after purchasing an additional 200 shares during the period. 95.23% of the stock is owned by institutional investors and hedge funds.

Modine Manufacturing Company 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.