Modine Manufacturing (NYSE:MOD) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

Modine Manufacturing (NYSE:MOD – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $117.82 and traded as high as $118.95. Modine Manufacturing shares last traded at $117.64, with a volume of 507,507 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Oppenheimer boosted their price objective on Modine Manufacturing from $144.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. DA Davidson boosted their price target on Modine Manufacturing from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Modine Manufacturing currently has an average rating of “Moderate Buy” and an average price target of $146.67.

Read Our Latest Report on Modine Manufacturing

Modine Manufacturing Stock Performance

The firm has a market capitalization of $6.09 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 1.01 and a beta of 2.31. The company has a 50-day moving average of $127.45 and a 200-day moving average of $117.98. 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 (NYSE:MOD – Get Free Report) 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 analysts’ consensus estimates of $0.92 by $0.05. Modine Manufacturing had a return on equity of 23.96% and a net margin of 6.59%. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $646.86 million. During the same period last year, the company earned $0.89 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Modine Manufacturing will post 3.83 earnings per share for the current fiscal year.

Institutional Trading of Modine Manufacturing

Large investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in Modine Manufacturing during the second quarter worth approximately $68,000. Private Trust Co. NA grew its position in shares of Modine Manufacturing by 650.5% during the 3rd quarter. Private Trust Co. NA now owns 773 shares of the auto parts company’s stock worth $103,000 after buying an additional 670 shares during the period. Banque Cantonale Vaudoise increased its stake in shares of Modine Manufacturing by 9.8% in the 2nd 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 in the last quarter. Rothschild Investment LLC acquired a new position in shares of Modine Manufacturing during the 2nd quarter valued at $118,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Modine Manufacturing by 90.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,031 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 491 shares during the period. 95.23% of the stock is currently owned by institutional investors and hedge funds.

About Modine Manufacturing

(Get 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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