Modine Manufacturing Company (MOD)

In the past six months, Modine's stock has experienced notable events. The company reported strong financial results for the second quarter of fiscal year 2026 on October 28, 2025, with adjusted earnings per share (EPS) of $1.06 and revenue of $738.9 million. Analyst ratings have generally been positive, with a consensus of "Moderate Buy" and an average 12-month target price of $182.00. However, the stock experienced a significant drop in early January 2026 due to comments from NVIDIA's CES presentation regarding their new Rubin chip. Additionally, on December 2, 2025, CEO Neil David Brinker sold 31,871 shares of the company's stock for over $5.1 million.

Demand seasonality for Modine Manufacturing Co. varies across its segments. Demand for heating products is influenced by cold weather conditions. The automotive and industrial products segment has faced challenges with weak demand in vehicular and equipment markets. Demand for data center cooling is experiencing significant and consistent growth, driven by the expansion of AI infrastructure and high-density computing needs.

Modine Manufacturing Co. is a global leader in thermal management solutions, designing, engineering, testing, and manufacturing heat transfer products for various applications and markets. The company operates in the industrial, commercial, vehicle, and refrigeration markets, providing technologies for HVACR applications. Modine's business is segmented into Climate Solutions, focusing on energy-efficient solutions and components, and Performance Technologies, designing air- and liquid-cooled technology for vehicular, stationary power, and industrial applications. Major products include heat transfer products, HVAC & R products, data center products, powertrain cooling products, battery thermal management systems and coatings products and application services.

Modine Manufacturing Company has a significant global presence with 37 production facilities in 18 countries and over 10,000 employees. Its locations span North America, South America, Europe, Asia, and Africa, including countries like the USA, Sweden, Spain, Italy, Hungary, the United Kingdom, and China, allowing it to serve a broad international customer base.

Modine's brand reputation has been largely positive, particularly due to its strategic shift and strong performance in the data center cooling market. The company is recognized as a global leader in thermal management solutions. Key factors contributing to its reputation include its focus on data center cooling, capacity expansion, product innovation, strategic acquisitions, and sustainability efforts. However, the recent stock drop in January 2026 due to NVIDIA's Rubin chip announcement could be a short-term reputational challenge.

Modine Manufacturing Company has significant institutional ownership. As of December 31, 2025, there were 862 institutional owners holding a total of 75,531,250 shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., Wellington Management Group Llp, Price T Rowe Associates Inc /md/, and Fmr Llc. Institutional ownership accounts for approximately 88.3% of the company's shares, while individual insiders own about 1.39%.