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Michael B. Lucareli, Executive Vice President and CFO of Modine Manufacturing Co (NYSE:MOD), sold 5,778 shares of common stock on July 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $115.0, for a total transaction value of $664,470. The stock has since risen to $134.79, showing significant momentum with a 16% gain in the past week. According to InvestingPro analysis, the stock appears overvalued, trading at a P/E ratio of 38.4x and showing overbought conditions.
Following the transaction, Lucareli directly owns 121,142 shares of Modine Manufacturing Co, which includes 971 units held in the Reporting Person’s Modine 401(k) Retirement Plan account. The company maintains strong financial health with a current ratio of 1.78, indicating solid liquidity. Get deeper insights into insider trading patterns and 15+ additional ProTips with InvestingPro.
The sale was executed under a Rule 10b5-1 trading plan adopted on November 7, 2024. The filing was signed by Erin J. Roth, Attorney-in-Fact, on July 31, 2025.
In other recent news, Modine Manufacturing Company reported a strong start to fiscal year 2026, exceeding analysts’ expectations for both earnings per share (EPS) and revenue. The company’s EPS was $1.06, surpassing the forecast of $0.95 by 11.58%. Revenue reached $682.8 million, exceeding the anticipated $652.76 million by 4.6%. These results reflect a positive performance for Modine Manufacturing and were well-received by the market. The company’s financial outcomes were a significant development, highlighting its capability to outperform projections. Analysts had predicted lower figures, making the actual results noteworthy. These recent developments indicate Modine’s potential for continued growth in the coming quarters.
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