Walkner Condon Financial Advisors LLC Invests $266,000 in Modine Manufacturing (NYSE:MOD)

Walkner Condon Financial Advisors LLC purchased a new stake in Modine Manufacturing (NYSE:MOD) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,002 shares of the auto parts company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC acquired a new position in shares of Modine Manufacturing in the first quarter valued at approximately $626,000. BNP Paribas Financial Markets increased its stake in Modine Manufacturing by 9.2% in the 1st quarter. BNP Paribas Financial Markets now owns 34,995 shares of the auto parts company’s stock valued at $3,331,000 after buying an additional 2,951 shares during the period. Janney Montgomery Scott LLC acquired a new position in Modine Manufacturing in the 1st quarter valued at $833,000. SG Americas Securities LLC purchased a new position in Modine Manufacturing during the 1st quarter worth $744,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Modine Manufacturing by 43.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,915 shares of the auto parts company’s stock worth $468,000 after acquiring an additional 1,495 shares during the period. 95.23% of the stock is owned by hedge funds and other institutional investors.

Modine Manufacturing Price Performance

MOD stock opened at $127.37 on Friday. The firm has a 50 day moving average of $122.85 and a 200-day moving average of $109.33. The company 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. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. Modine Manufacturing has a 12-month low of $41.71 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $646.86 million. During the same period in the previous year, the firm posted $0.89 earnings per share. Modine Manufacturing’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Modine Manufacturing will post 3.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MOD has been the subject of several analyst reports. DA Davidson increased their price target on shares of Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. B. Riley increased their target price on 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 initiated coverage on Modine Manufacturing in a report on Monday, July 29th. They issued an “outperform” rating for the company. Finally, Oppenheimer upped their price objective on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $146.67.

Insider Buying and Selling

In other Modine Manufacturing news, Director Marsha C. Williams sold 34,400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $109.74, for a total transaction of $3,775,056.00. Following the completion of the transaction, the director now directly owns 144,038 shares in the company, valued at approximately $15,806,730.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

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.