Modine slips 8.6% as investors digest spin-off transaction and recent run-up

Modine Manufacturing Company (MOD) is down 8.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to post-news repositioning after MOD’s sharp recent rally and ongoing investor digestion of its planned separation of the Performance Technologies business. Even with strong recent results, stocks that have surged can pull back as traders lock in gains and reassess transaction complexity and timing.

Details:

Modine’s latest quarterly update highlighted momentum in its Climate Solutions business (including data center-related cooling demand) and an outlook update for fiscal 2026.

Modine also outlined a strategic plan to separate its Performance Technologies segment via a Reverse Morris Trust structure that combines the business with Gentherm, a multi-step deal with several closing conditions.

Deal documents describe a targeted close in the fourth quarter of calendar year 2026 and note required approvals and other contingencies, which can add uncertainty that some investors discount in the near term.

MOD had an outsized run recently (including a very strong February), so a sharp single-day drop can reflect profit-taking and volatility rather than a single new negative headline.

Sources:

Modine Investor Relations, U.S. SEC, GuruFocus

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 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

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

NEIL DAVID BRINKER (President and CEO) has made 0 purchases and 2 sales selling 31,871 shares for an estimated $5,117,337.
MICHAEL B LUCARELI (EVP, CFO) has made 0 purchases and 6 sales selling 19,595 shares for an estimated $4,293,671.
MARSHA C WILLIAMS sold 12,000 shares for an estimated $2,816,520
SURESH V GARIMELLA has made 0 purchases and 2 sales selling 2,200 shares for an estimated $367,477.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$MOD Hedge Fund Activity

We have seen 229 institutional investors add shares of $MOD stock to their portfolio, and 283 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MACQUARIE GROUP LTD removed 949,022 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $126,703,927
CAPITAL INTERNATIONAL INVESTORS removed 813,849 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $115,696,773
INVESCO LTD. added 720,389 shares (+120.4%) to their portfolio in Q4 2025, for an estimated $96,179,135
PRICE T ROWE ASSOCIATES INC /MD/ added 560,131 shares (+31.6%) to their portfolio in Q4 2025, for an estimated $74,783,089
WT ASSET MANAGEMENT LTD added 518,727 shares (+inf%) to their portfolio in Q4 2025, for an estimated $69,255,241
VAN BERKOM & ASSOCIATES INC. added 422,646 shares (+3145.2%) to their portfolio in Q4 2025, for an estimated $56,427,467
AVENTAIL CAPITAL GROUP, LP added 402,378 shares (+inf%) to their portfolio in Q4 2025, for an estimated $53,721,486

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$MOD Analyst Ratings

Wall Street analysts have issued reports on $MOD in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 02/18/2026
DA Davidson issued a "Buy" rating on 01/29/2026
UBS issued a "Buy" rating on 11/20/2025
Keybanc issued a "Overweight" rating on 10/14/2025
Oppenheimer issued a "Outperform" rating on 10/14/2025

To track analyst ratings and price targets for $MOD, check out Quiver Quantitative's $MOD forecast page.

$MOD Price Targets

Multiple analysts have issued price targets for $MOD recently. We have seen 5 analysts offer price targets for $MOD in the last 6 months, with a median target of $240.0.

Here are some recent targets:

Tom Hayes from Roth Capital set a target price of $263.0 on 02/18/2026
Matt Summerville from DA Davidson set a target price of $265.0 on 02/09/2026
Noah Kaye from Oppenheimer set a target price of $240.0 on 02/06/2026
Neal Burk from UBS set a target price of $173.0 on 11/20/2025
David Tarantino from Keybanc set a target price of $175.0 on 10/14/2025

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.