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Michael B. Lucareli, Executive Vice President and CFO of Modine Manufacturing Co. (NYSE:MOD), sold 71,195 shares of common stock on July 31, 2025, for approximately $10.35 million. The sales occurred at prices ranging from $125.00 to $131.91 per share. The transaction comes as MOD’s stock has shown remarkable strength, surging 31% in the past week alone, with the company now valued at $7.23 billion. According to InvestingPro analysis, the stock is currently trading in overbought territory with a P/E ratio of 38.
On the same day, Lucareli also exercised options to acquire 26,439 shares of Modine Manufacturing Co. common stock at prices of $17.90 and $13.26, totaling $417596.
Following these transactions, Lucareli directly owns 66,920 shares of Modine Manufacturing Co. , which includes 971 units held in the Reporting Person’s Modine 401(k) Retirement Plan account.
The sales were executed under a pre-arranged trading plan established on November 7, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
In other recent news, Modine Manufacturing Company reported a strong performance for the first quarter of fiscal year 2026. The company exceeded analysts’ expectations for both earnings per share (EPS) and revenue. Modine’s EPS came in at $1.06, surpassing the projected $0.95 by 11.58%. Additionally, the company reported revenue of $682.8 million, which was 4.6% higher than the anticipated $652.76 million. These results highlight Modine’s robust start to the fiscal year. The company’s positive earnings announcement attracted attention from investors and analysts alike. While the stock price movement was notable, it is the financial performance that has garnered significant interest. These developments come amidst a backdrop of broader market activities and investor sentiment.
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