Russell Investments Group Ltd. Lowers Stock Holdings in Modine Manufacturing Company $MOD

Russell Investments Group Ltd. trimmed its position in shares of Modine Manufacturing Company (NYSE:MOD) by 41.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,114 shares of the auto parts company’s stock after selling 37,625 shares during the quarter. Russell Investments Group Ltd.’s holdings in Modine Manufacturing were worth $4,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Modine Manufacturing by 63.1% during the 1st quarter. GAMMA Investing LLC now owns 367 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 142 shares during the period. Bessemer Group Inc. boosted its holdings in Modine Manufacturing by 9,728.6% during the 1st quarter. Bessemer Group Inc. now owns 3,440 shares of the auto parts company’s stock valued at $264,000 after acquiring an additional 3,405 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Modine Manufacturing by 159.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,976 shares of the auto parts company’s stock valued at $766,000 after acquiring an additional 6,134 shares during the period. Bank of New York Mellon Corp boosted its holdings in Modine Manufacturing by 384.3% during the 1st quarter. Bank of New York Mellon Corp now owns 848,068 shares of the auto parts company’s stock valued at $65,089,000 after acquiring an additional 672,960 shares during the period. Finally, KBC Group NV boosted its holdings in Modine Manufacturing by 16.0% during the 1st quarter. KBC Group NV now owns 2,411 shares of the auto parts company’s stock valued at $185,000 after acquiring an additional 333 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Modine Manufacturing Price Performance

Shares of NYSE MOD opened at $140.4870 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 2.06. Modine Manufacturing Company has a fifty-two week low of $64.79 and a fifty-two week high of $146.84. The firm has a market capitalization of $7.37 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 0.86 and a beta of 2.12. The stock’s 50-day simple moving average is $112.00 and its 200-day simple moving average is $95.66.

Modine Manufacturing (NYSE:MOD) last issued its earnings results on Wednesday, July 30th. The auto parts company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.13. Modine Manufacturing had a return on equity of 23.90% and a net margin of 7.21%.The business had revenue of $682.80 million for the quarter, compared to analyst estimates of $653.80 million. During the same quarter last year, the company earned $1.04 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Modine Manufacturing has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Modine Manufacturing Company will post 3.88 EPS for the current fiscal year.

Insider Transactions at Modine Manufacturing

In other news, Director Marsha C. Williams sold 25,761 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $134.77, for a total transaction of $3,471,809.97. Following the sale, the director owned 120,689 shares of the company’s stock, valued at approximately $16,265,256.53. This trade represents a 17.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael B. Lucareli sold 40,422 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $140.47, for a total value of $5,678,078.34. Following the sale, the executive vice president directly owned 41,920 shares in the company, valued at $5,888,502.40. This trade represents a 49.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,561 shares of company stock valued at $25,462,844. Corporate insiders own 2.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price objective on Modine Manufacturing from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Wall Street Zen cut Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Oppenheimer lifted their price objective on Modine Manufacturing from $121.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $145.67.

About Modine Manufacturing

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.