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William A. Wulfsohn, a director at Modine Manufacturing Co (NYSE:MOD), has made a significant stock purchase according to a recent SEC filing. On March 3, Wulfsohn acquired 2,530 shares of Modine Manufacturing’s common stock at a weighted average price of $79.43 per share, amounting to a total transaction value of $200,957. This purchase increases his total holdings to 7,277 shares. The shares were bought in multiple transactions, with prices ranging from $79.22 to $79.70.The insider purchase comes as MOD stock has experienced significant volatility, with a 10% decline over the past week and trading near $78. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $135 to $155, suggesting substantial upside potential. The company maintains a "GOOD" Financial Health score, with liquid assets exceeding short-term obligations. InvestingPro subscribers can access 13 additional investment tips and a comprehensive Pro Research Report for deeper analysis of MOD’s market position and growth prospects.
In other recent news, Modine Manufacturing has announced a significant $180 million order for DC cooling products, forming a partnership with a prominent AI infrastructure developer. This development was followed by DA Davidson maintaining its Buy rating and a $155 price target for Modine, highlighting the potential long-term impact of the order on the company’s growth in the data center market. Additionally, Oppenheimer has kept an Outperform rating with a $145 price target after Modine’s fiscal third-quarter 2025 results exceeded expectations, driven by robust performance in the data center sector. The company has also reaffirmed its growth projections for the data center segment through fiscal year 2027.
In another update, Modine has announced a leadership change in its Performance Technologies segment, with Adrian I. Peace stepping down and Neil D. Brinker, the President and CEO, taking over on an interim basis. The company continues to focus on its strategic plans, aiming to achieve adjusted EBITDA margins of 15% to 18% in the next two years. Moreover, Modine is set to open a new manufacturing facility in Chennai, India, by mid-2025, to produce advanced cooling technologies for the data center market and cooling modules for stationary power generation equipment. This expansion is part of Modine’s strategy to address the growing demand for data center cooling solutions, leveraging India’s skilled labor force and connectivity to serve markets in Asia and the Middle East.
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