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RACINE, WI—Michael B. Lucareli, Executive Vice President and Chief Financial Officer of Modine Manufacturing Co. (NYSE:MOD), a company currently valued at $5 billion in market capitalization, recently executed a significant stock sale. According to InvestingPro data, the stock has experienced notable volatility, declining 16% year-to-date. According to a recent filing, Lucareli sold 17,541 shares of Modine common stock on February 10, 2025, at a price of $100 per share, totaling approximately $1.75 million. The stock currently trades at $96.13, and InvestingPro analysis suggests the company is currently overvalued relative to its Fair Value.
Additionally, Lucareli exercised stock options to acquire the same number of shares at $13.26 per share, equating to a total transaction value of $232,593. Following these transactions, Lucareli holds 132,531 shares of Modine stock, which includes 971 units in his Modine 401(k) Retirement Plan account.
The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Lucareli adopted on November 7, 2024.
In other recent news, Modine Manufacturing outperformed expectations in its fiscal third-quarter 2025 results, as reported by Oppenheimer. This robust performance, particularly in the data center vertical, led to a positive market response. The company also confirmed its outlook for fiscal year 2025. Oppenheimer analysts maintain an Outperform rating on Modine’s shares with a $145.00 price target.
In addition to its financial performance, Modine has announced plans to open a new manufacturing facility in Chennai, India by mid-2025. This facility, part of Modine’s global expansion strategy, will produce advanced cooling technologies for the data center market and cooling modules for stationary power generation equipment.
These recent developments underscore Modine’s commitment to growth and optimization. The company continues to enhance its profit margins through its 80/20 strategy, despite facing revenue pressures in more cyclical end-markets. Furthermore, Oppenheimer reiterated its forecast for Modine’s fiscal year 2026 EBITDA, suggesting a potential for the company’s shares to move toward the $145 price target.
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