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Why Modine Manufacturing (MOD) Stock Is Up Today

Investivoq PriceTracker

Modine Manufacturing (MOD) is up 27.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The biggest apparent catalyst is a report that Samsung Electronics is in talks to acquire Modine, which would explain a sharp one-day jump of this size. Recent company updates also show strong momentum in Modine’s data-center cooling business, which may be reinforcing takeover interest and bullish sentiment.

Details:

  • A widely circulated report said Samsung Electronics is in discussions to buy Modine, putting the company in play and lifting the shares.
  • Modine said on November 11 that it started commercial production of Airedale chillers at a new Grand Prairie, Texas facility built for data-center customers.
  • The new Texas site is a 682,000-square-foot plant focused on 2MW and 3MW chillers, and management said it aims to expand to four production lines by the end of the current fiscal year.
  • Modine also announced an Analyst and Investor Day for November 18, where management plans to outline its multi-year growth strategy and new financial targets after the spin-off of the Performance Technologies business.

    • Sources:

    MarketScreener, Modine Investor Relations, PR Newswire

    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 289 institutional investors add shares of $MOD stock to their portfolio, and 357 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
    • MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 807,751 shares (-98.4%) from their portfolio in Q3 2026, for an estimated $151,210,987
    • 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
    • CONGRESS ASSET MANAGEMENT CO removed 623,785 shares (-99.1%) from their portfolio in Q3 2026, for an estimated $116,772,552
    • FMR LLC added 587,605 shares (+55.8%) to their portfolio in Q3 2026, for an estimated $109,999,656

    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.