Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Modine Manufacturing Company $MOD

Northwestern Mutual Wealth Management Co. grew its holdings in Modine Manufacturing Company (NYSE:MOD) by 186.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,850 shares of the auto parts company’s stock after purchasing an additional 3,807 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Modine Manufacturing were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MOD. State of Alaska Department of Revenue raised its holdings in shares of Modine Manufacturing by 3.4% during the 4th quarter. State of Alaska Department of Revenue now owns 3,156 shares of the auto parts company’s stock worth $421,000 after acquiring an additional 103 shares during the period. Intrust Bank NA raised its holdings in shares of Modine Manufacturing by 2.3% during the 3rd quarter. Intrust Bank NA now owns 4,919 shares of the auto parts company’s stock worth $699,000 after acquiring an additional 109 shares during the period. Clearstead Advisors LLC raised its holdings in shares of Modine Manufacturing by 3.7% during the 4th quarter. Clearstead Advisors LLC now owns 4,589 shares of the auto parts company’s stock worth $613,000 after acquiring an additional 164 shares during the period. Xponance Inc. raised its holdings in shares of Modine Manufacturing by 4.3% during the 3rd quarter. Xponance Inc. now owns 4,349 shares of the auto parts company’s stock worth $618,000 after acquiring an additional 179 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Modine Manufacturing by 25.6% during the 3rd quarter. IFP Advisors Inc now owns 887 shares of the auto parts company’s stock worth $126,000 after acquiring an additional 181 shares during the period. 95.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MOD. UBS Group lifted their price target on Modine Manufacturing to $310.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen raised shares of Modine Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Oppenheimer lifted their price target on shares of Modine Manufacturing from $271.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. DA Davidson lifted their price target on shares of Modine Manufacturing from $265.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Roth Mkm assumed coverage on shares of Modine Manufacturing in a research report on Wednesday, February 18th. They set a “buy” rating and a $263.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.14.

Modine Manufacturing Stock Performance

NYSE MOD opened at $274.70 on Tuesday. The company has a market cap of $14.51 billion, a P/E ratio of 122.63, a P/E/G ratio of 0.89 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.25. The stock has a 50-day moving average of $255.68 and a two-hundred day moving average of $201.94. Modine Manufacturing Company has a 1-year low of $86.48 and a 1-year high of $323.25.

Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, May 26th. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.20. The company had revenue of $954.40 million during the quarter, compared to the consensus estimate of $920.67 million. Modine Manufacturing had a return on equity of 24.39% and a net margin of 3.82%.Modine Manufacturing’s revenue was up 47.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, analysts anticipate that Modine Manufacturing Company will post 7.73 EPS for the current year.

About Modine Manufacturing

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.