Director Christopher Patterson Sells 14,225 Shares of Modine Manufacturing Co (MOD)
Modine Manufacturing Co (NYSE:MOD), a diversified global leader in thermal management technology and solutions, has reported an insider sale according to a recent SEC filing. Director Christopher Patterson sold 14,225 shares of the company on March 7, 2024.Christopher Patterson, who holds a position within the company, executed the sale at an average price of $90.56, resulting in a transaction amount of approximately $1,289,226.Over the past year, the insider has sold a total of 20,625 shares and purchased 400 shares. The recent transaction reflects a continuation of insider selling activity for the company.
The insider transaction history for Modine Manufacturing Co indicates a pattern of more insider sales than buys over the past year, with 1 insider buy and 10 insider sells recorded.Shares of Modine Manufacturing Co were trading at $90.56 on the day of the insider's recent sale, giving the company a market capitalization of $4.378 billion.The price-earnings ratio of Modine Manufacturing Co stands at 19.78, which is above both the industry median of 16.56 and the company's historical median price-earnings ratio.With the current share price and a GuruFocus Value of $21.31, Modine Manufacturing Co has a price-to-GF-Value ratio of 4.25, indicating that the stock is significantly overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.SEC Filing
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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