Why Modine Manufacturing Company (MOD) Stock Is Up Today

Modine Manufacturing Company (MOD) is up 4.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued investor optimism around Modine’s fast-growing data center cooling business after its late-July quarterly results showed strong revenue and earnings growth. The move also appears supported by confidence in the company’s large multiyear capacity agreement and unchanged full-year outlook, although there does not appear to be a major new same-day corporate announcement.

Details:

In first-quarter fiscal 2027 results released on July 29, Modine posted net sales of $874.1 million, up 28% year over year, while adjusted earnings per share rose 44% to $1.53.

The company said Data Centers revenue increased 90% from a year earlier, reinforcing the market view that Modine is becoming a meaningful AI infrastructure cooling supplier.

Management reaffirmed fiscal 2027 guidance for net sales growth of 20% to 35% and adjusted EBITDA of $650 million to $680 million, which likely helped support the stock.

Earlier this year, Modine announced a long-term capacity agreement tied to more than $4 billion of Airedale data center cooling product demand through 2029, plus a $165 million upfront customer payment to expand capacity.

Sources:

Modine Investor Relations, SEC, Nasdaq

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 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 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.
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
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.

$MOD Hedge Fund Activity

We have seen 348 institutional investors add shares of $MOD stock to their portfolio, and 314 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.