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Modine Manufacturing Stock Rises as Investors Digest Post-Spin Focus

Investivoq PriceTracker

Modine Manufacturing Company (MOD) is up 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is investor optimism after Modine completed the spin-off of its Performance Technologies business and its combination with Gentherm on October 1, leaving Modine more focused on higher-growth cooling and HVAC markets. This rebound may also reflect normalization after recent spin-related trading mechanics, while investors refocus on the company’s strong data-center cooling growth and debt reduction plans. ([investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx))

Details:

  • Modine completed the previously announced Reverse Morris Trust transaction on October 1, separating Performance Technologies and combining it with Gentherm. ([investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx))
  • Management said the remaining company is centered on data center cooling, commercial HVAC, and refrigeration, which can support a higher-growth narrative for the standalone business. ([investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx))
  • Modine said it received about $156 million in cash in the transaction and used it to repay outstanding debt, which could improve sentiment around the balance sheet. ([investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx))
  • In its latest annual-end results, Modine pointed to 158% growth in Data Centers sales in the fourth quarter and highlighted a $4 billion long-term chiller agreement, suggesting investors may be valuing the streamlined company around those growth assets. ([investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Reports-Fourth-Quarter-Fiscal-2026-Results/default.aspx))

    • Sources:

    Modine, SEC, Stock Analysis ([investors.modine.com](https://investors.modine.com/news/news-details/2026/Modine-Completes-Spin-off-and-Combination-of-its-Performance-Technologies-Business-with-Gentherm/default.aspx))

    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 29 times in the past 6 months. Of those trades, 0 have been purchases and 29 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 15 sales selling 42,588 shares for an estimated $12,075,970.
    • 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 Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $MOD Hedge Fund Activity

    We have seen 340 institutional investors add shares of $MOD stock to their portfolio, and 258 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • 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
    • JANE STREET GROUP, LLC added 504,738 shares (+126.9%) to their portfolio in Q2 2026, for an estimated $134,775,140

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

    $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 $330.0.

    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

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