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Michael B. Lucareli, the Executive Vice President and Chief Financial Officer of Modine Manufacturing Co. (NYSE:MOD), a $5.2 billion market cap company currently trading at $98.77, recently sold shares of the company’s stock worth approximately $3.07 million. According to InvestingPro data, the stock is currently trading above its Fair Value estimate, with analysts setting price targets between $135 and $155. The transactions took place on February 6 and February 10, 2025, and involved a total of 30,000 shares of common stock.
The sales were executed at prices ranging from $100.00 to $104.4449 per share, with the stock showing significant volatility over the past year, trading between $69.12 and $146.84. Following these transactions, Lucareli now holds 132,531 shares of Modine Manufacturing, including 971 units in his 401(k) Retirement Plan account. The sales were conducted under a pre-arranged trading plan adopted on November 5, 2024, in accordance with Rule 10b5-1. For deeper insights into insider transactions and comprehensive analysis, including 13 additional ProTips, access the full InvestingPro Research Report.
In other recent news, Modine Manufacturing has been making significant strides. The company recently released its fiscal third-quarter 2025 results, which exceeded top and bottom-line consensus expectations, largely due to robust performance in the data center vertical. Modine also reaffirmed its fiscal year 2025 outlook. Despite concerns about its DeepSeek technology affecting stock performance, the company’s management remains confident in their growth projections for the data center segment through fiscal year 2027. Analysts at Oppenheimer have maintained an Outperform rating on Modine’s shares, with a $145.00 price target.
In addition to its financial performance, Modine announced the opening of a new manufacturing facility in Chennai, India, set for mid-2025. The facility will produce advanced cooling technologies under the Airedale by Modine™ brand, aimed at the data center market and cooling modules for stationary power generation equipment. The move is part of Modine’s strategy to meet the increasing demand for data center cooling solutions, spurred by the rise in high-performance computing and AI.
These developments underscore Modine’s commitment to growth and strategic expansion, with Oppenheimer analysts indicating a potential for the company’s shares to move toward their price target. Modine continues to pursue optimization efforts through its 80/20 strategy, which is expected to enhance profit margins and support stock valuation.
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