Modine Manufacturing (NYSE:MOD – Get Rating) had its price objective lifted by DA Davidson to $20.00 in a report published on Monday morning, Stock Target Advisor reports.

Separately, StockNews.com raised shares of Modine Manufacturing from a buy rating to a strong-buy rating in a report on Friday, August 5th.

Modine Manufacturing Stock Performance

Shares of MOD stock opened at $17.14 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.95 and a current ratio of 1.57. Modine Manufacturing has a one year low of $7.67 and a one year high of $17.16. The company's 50-day simple moving average is $12.06 and its 200-day simple moving average is $10.22. The stock has a market capitalization of $890.82 million, a price-to-earnings ratio of 9.26, a PEG ratio of 0.39 and a beta of 2.34.

Insiders Place Their Bets

In other news, CFO Michael B. Lucareli sold 3,783 shares of Modine Manufacturing stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $11.94, for a total transaction of $45,169.02. Following the sale, the chief financial officer now owns 274,572 shares of the company's stock, valued at $3,278,389.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Modine Manufacturing

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in shares of Modine Manufacturing by 5.8% during the second quarter. Bank of Montreal Can now owns 15,128 shares of the auto parts company's stock valued at $186,000 after buying an additional 834 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Modine Manufacturing by 9.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,064 shares of the auto parts company's stock valued at $159,000 after buying an additional 1,292 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Modine Manufacturing by 1.4% during the first quarter. Royal Bank of Canada now owns 103,123 shares of the auto parts company's stock valued at $929,000 after buying an additional 1,460 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Modine Manufacturing by 11.9% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 17,624 shares of the auto parts company's stock valued at $175,000 after acquiring an additional 1,870 shares during the period. Finally, Investors Research Corp increased its stake in shares of Modine Manufacturing by 20.4% during the first quarter. Investors Research Corp now owns 11,200 shares of the auto parts company's stock valued at $101,000 after acquiring an additional 1,900 shares during the period. Institutional investors own 94.42% of the company's stock.

Modine Manufacturing Company Profile

(Get Rating)

Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units.

Recommended Stories

• Get a free copy of the StockNews.com research report on Modine Manufacturing (MOD)
• 3 Blowout Earnings Reports That Could Mark Turning Points
• 3 Stocks Set to Lead the Nasdaq Bull Market
• Skyworks Solutions Is Worth A Look At These Prices
• Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
• MarketBeat Podcast: ESG – Profitably Invest Your Values

Receive News & Ratings for Modine Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Modine Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.