Director Marsha C. Williams reported the disposition of 12,000 shares of Modine Manufacturing Co. (NYSE: MOD) common stock in a Form 4 filing with the Securities and Exchange Commission. The sale occurred on February 24, 2026, at a weighted average price of $234.71 per share, yielding total proceeds of $2,816,520. Traded prices in the block ranged from $234.285 to $235.110.
Following the transaction, Williams holds 110,653 shares of Modine directly. The insider sale arrives after a period of notable market performance for the company’s equity; shares have returned 165% over the past 12 months and have climbed 72% year-to-date.
Separately, InvestingPro’s analysis cited in public materials characterizes the stock as presently overvalued versus its Fair Value estimate. For readers seeking additional company valuation and performance detail, InvestingPro offers an expanded Pro Research Report covering Modine and more than 1,400 other U.S. equities.
Operational and financial backdrop
Modine recently posted quarterly results that exceeded consensus expectations. The company reported sales of $805 million, beating estimates by 6%. Management highlighted 21% organic growth, which the company attributed largely to its data center business.
In response to the stronger-than-expected results and the contribution from the data center segment, Modine raised its fiscal year 2026 guidance. That upward revision prompted a number of analyst firms to update their models and price targets.
Analyst reactions
- Oppenheimer increased its price target to $240, citing the earnings outperformance.
- KeyBanc Capital Markets raised its target to $250, pointing to Modine’s expansion in the data center market.
- DA Davidson maintained a Buy rating and set a $265 price target while revising up revenue and EBITDA forecasts for coming fiscal years.
- Roth/MKM initiated coverage with a Buy rating and a $263 target, emphasizing growth in data center cooling technologies.
- UBS upheld its Buy recommendation with a $210 price target, noting accelerating sales growth and margin improvement in the data center segment.
These analyst moves reflect differing assessments of Modine’s potential, with price targets ranging across the spectrum noted above.
Context for investors
The insider sale is a single reported transaction and does not, by itself, alter the company’s reported results or recent guidance. Investors weighing Modine should balance the company’s recent operational momentum and raised guidance against third-party valuation analysis that currently classifies the equity as overvalued relative to Fair Value.
For those seeking a deeper dive into Modine’s financials, sector positioning, and forecast assumptions, the expanded research report referenced by InvestingPro is available for subscribers.