Boston Partners Acquires Shares of 200,833 Modine Manufacturing Company $MOD
Boston Partners acquired 200,833 shares of Modine Manufacturing, valued at $20.5 million, owning 0.38% of the company. Analysts have given Modine a consensus rating of "Moderate Buy" with an average target price of $182.00. The stock opened at $163.32, with a market cap of $8.60 billion. Modine's recent earnings exceeded expectations, reporting $1.06 EPS against a $0.97 estimate, with revenue up 12.3% year-over-year.
Boston Partners bought a new stake in Modine Manufacturing Company (NYSE:MOD - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 200,833 shares of the auto parts company's stock, valued at approximately $20,547,000. Boston Partners owned approximately 0.38% of Modine Manufacturing as of its most recent filing with the SEC.
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Other hedge funds and other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB lifted its position in shares of Modine Manufacturing by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 13,100 shares of the auto parts company's stock worth $1,290,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Modine Manufacturing by 5.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,006 shares of the auto parts company's stock worth $154,000 after acquiring an additional 105 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Modine Manufacturing by 3.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,602 shares of the auto parts company's stock worth $453,000 after acquiring an additional 165 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Modine Manufacturing by 6.2% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 3,122 shares of the auto parts company's stock valued at $241,000 after purchasing an additional 182 shares in the last quarter. Finally, Ethic Inc. grew its holdings in shares of Modine Manufacturing by 5.8% during the 2nd quarter. Ethic Inc. now owns 3,396 shares of the auto parts company's stock valued at $344,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 95.23% of the company's stock.
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Wall Street Analyst Weigh In
Several equities analysts recently commented on MOD shares. KeyCorp increased their price objective on shares of Modine Manufacturing from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Modine Manufacturing in a report on Tuesday. UBS Group assumed coverage on Modine Manufacturing in a report on Thursday, November 20th. They set a "buy" rating and a $173.00 price objective on the stock. DA Davidson restated a "buy" rating and set a $200.00 price objective on shares of Modine Manufacturing in a research report on Wednesday, November 19th. Finally, Oppenheimer increased their target price on Modine Manufacturing from $145.00 to $180.00 and gave the company an "outperform" rating in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.00.
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Check Out Our Latest Stock Analysis on Modine Manufacturing
Modine Manufacturing Price Performance
Shares of NYSE MOD opened at $163.32 on Friday. The company has a market capitalization of $8.60 billion, a PE ratio of 47.20, a P/E/G ratio of 0.98 and a beta of 2.07. The company has a quick ratio of 1.28, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. Modine Manufacturing Company has a twelve month low of $64.79 and a twelve month high of $166.94. The firm has a fifty day simple moving average of $149.68 and a 200 day simple moving average of $126.66.
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Modine Manufacturing (NYSE:MOD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The auto parts company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.09. Modine Manufacturing had a return on equity of 23.99% and a net margin of 6.93%.The firm had revenue of $738.90 million during the quarter, compared to the consensus estimate of $699.91 million. During the same period last year, the business posted $0.97 EPS. The business's revenue was up 12.3% compared to the same quarter last year. Modine Manufacturing has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current year.
About Modine Manufacturing
(Free Report)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.
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