Modine Gains as Data Center Cooling Momentum and Analyst Support Boost Shares

Modine Manufacturing (MOD) is up 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued investor confidence in Modine’s data center cooling business, which remains the company’s main growth engine, along with fresh supportive sell-side commentary this week. There does not appear to be a major new company filing today, so the rally likely reflects follow-through from recent earnings, updated investor materials, and ongoing enthusiasm around AI-related infrastructure demand.

Details:

Modine’s July 29 earnings release showed first-quarter fiscal 2027 net sales rising 28% year over year to $874.1 million, while adjusted EPS rose to $1.53.

The company said data center revenue grew 90% year over year, reinforcing the view that cooling demand tied to digital infrastructure is becoming a larger part of the story.

Management kept its fiscal 2027 outlook unchanged at 20% to 35% sales growth and $650 million to $680 million of adjusted EBITDA, which suggested confidence in demand despite execution pressures.

Investor sentiment may also have been helped by a recent analyst reiteration of an overweight rating with a $280 price target, plus Modine’s late-August investor presentation that kept attention on its expansion plans.

Sources:

Modine Manufacturing, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MOD Insider Trading Activity

$MOD insiders have traded $MOD stock on the open market 28 times in the past 6 months. Of those trades, 0 have been purchases and 28 have been sales.

Here’s a breakdown of recent trading of $MOD stock by insiders over the last 6 months:

BRIAN JON AGEN (VP, CHRO) has made 0 purchases and 14 sales selling 38,282 shares for an estimated $11,299,598.
ERIC S MCGINNIS (President, Commercial HVAC) has made 0 purchases and 10 sales selling 39,102 shares for an estimated $11,156,955.
ERIC D ASHLEMAN has made 0 purchases and 3 sales selling 15,000 shares for an estimated $4,328,161.
ARTHUR JR. LASZLO (President, Data Centers) sold 900 shares for an estimated $266,184

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$MOD Hedge Fund Activity

We have seen 348 institutional investors add shares of $MOD stock to their portfolio, and 315 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WASATCH ADVISORS LP removed 1,313,775 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $284,708,180
BLACKROCK, INC. removed 1,218,067 shares (-29.8%) from their portfolio in Q2 2026, for an estimated $325,248,250
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,115,192 shares (+4848660.9%) to their portfolio in Q2 2026, for an estimated $297,778,567
WT ASSET MANAGEMENT LTD removed 869,345 shares (-74.8%) from their portfolio in Q2 2026, for an estimated $232,132,501
PRICE T ROWE ASSOCIATES INC /MD/ removed 778,625 shares (-45.2%) from their portfolio in Q2 2026, for an estimated $207,908,447
XN LP removed 646,333 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $172,583,837
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 581,073 shares (+inf%) to their portfolio in Q2 2026, for an estimated $155,158,112

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MOD Price Targets

Multiple analysts have issued price targets for $MOD recently. We have seen 6 analysts offer price targets for $MOD in the last 6 months, with a median target of $327.5.

Here are some recent targets:

Matt Summerville from DA Davidson set a target price of $330.0 on 06/22/2026
Noah Kaye from Oppenheimer set a target price of $325.0 on 05/28/2026
Neal Burk from UBS set a target price of $355.0 on 05/28/2026
David Tarantino from Keybanc set a target price of $370.0 on 05/27/2026
Jeff Van Sinderen from B. Riley Securities set a target price of $264.0 on 05/26/2026
Austin Wang from GLJ Research set a target price of $290.0 on 03/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.