Modine (MOD)
Thermal-management systems for data centers, commercial HVAC, vehicles, and heavy equipment.
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Designs and manufactures cooling and heating systems for data centers, commercial HVAC and refrigeration, vehicles, heavy equipment, and stationary power customers worldwide. Data Centers is now the largest product group, while Performance Technologies remains part of the business pending its planned combination with Gentherm.
Designs and manufactures thermal-management systems across Data Centers, Commercial HVAC, and Performance Technologies. Data Centers supplies chillers, dry coolers, precision air-handling and liquid-cooling equipment, controls, parts, and service to hyperscale, colocation, neocloud, and edge operators across North America, EMEA, and Asia-Pacific. Commercial HVAC sells heat exchangers, refrigeration equipment, unit heaters, air-handling systems, and dehumidifiers to OEMs, distributors, contractors, schools, healthcare facilities, and industrial customers.
Uses application engineering, testing, validation, and a global manufacturing footprint to tailor cooling and heating systems to customer projects. Performance Technologies makes heat exchangers and cooling modules for commercial vehicles, off-highway equipment, and stationary power. A planned spin-off and merger of that segment with Gentherm remains pending and subject to Gentherm shareholder and regulatory approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Roth Capital | Target | Target: $341 | Target: $302 |
| Jul 30, 2026 | B.Riley Financial | Target | Target: $125 | Target: $305 |
| Jun 1, 2026 | GLJ Research | Target | Target: — | Target: $428 |
| Jun 1, 2026 | Roth Capital | Target | Target: $263 | Target: $341 |
| May 29, 2026 | DA Davidson | Reiterate | Rating: —Target: $265 | Target: $330 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $95.3M · Total debt $669.9M · Total assets $2.80B · Shareholders' equity $1.20B
- Revenue
- $874.1M
- Operating income
- $74.8M
- Net income
- $73.9M
No dividends on record.
| Institutions | ≈ 94.26% | 50.06M shares | |
|---|---|---|---|
| 668 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.02% | 1.07M shares | |
| 18 holders · as of Sep 14, 2026 | |||
| Strategic holders | 0.00% | 1.0K shares | |
| 1 holder · as of Aug 12, 2026 | |||
| Other | ≈ 3.72% | 1.98M shares | |
| remainder | |||
53.11M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 5.40% | 2.87M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.48% | 2.38M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.15% | 2.20M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 2.79% | 1.48M | as of Jun 30, 2026 |
Paradigm Capital Management Inc/NYInstitution | 2.74% | 1.45M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Brian Jon Agen | officer: VP, CHRO | −4,306 | $180.30 |
| Jun 18, 2026 | Eric S. McGinnis | officer: President, Commercial HVAC | −1,020 | $295.07 |
| Jun 18, 2026 | Brian Jon Agen | officer: VP, CHRO | −38,282 | $295.17 |
| Jun 16, 2026 | Eric D. Ashleman | director | −15,000 | $288.54 |
| Jun 1, 2026 | Arthur Jr. Laszlo | officer: President, Data Centers | −900 | $295.76 |
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Largest applied-chiller HVAC maker with surging data-center bookings.
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Global commercial HVAC&R leader with growing data-center thermal portfolio.
- nVent Electric
Liquid-cooling CDU specialist: 1 GW+ deployed, $1B DC revenue in 2025.
- AAON
Custom commercial HVAC maker with fast-growing BASX data-center cooling arm.
- Gentherm
Automotive thermal comfort specialist; RMT counterparty for Modine PT segment.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Modine | $200.43 | +1.42% | $10.50B | 74.3 | 24.6 | 3.1 | +28.0% |
| Vertiv | $254.06 | +1.27% | $96.58B | 56.8 | 32.4 | 8.4 | +24.1% |
| Johnson Controls | $145.09 | −0.06% | $87.94B | 25.3 | 24.9 | 3.5 | +9.3% |
| Trane Technologies | $437.15 | +0.88% | $95.34B | 32.9 | 26.4 | 4.3 | +10.6% |
| Carrier Global | $55.26 | +1.17% | $45.02B | 37.9 | 17.8 | 2.0 | +3.9% |
| nVent Electric | $162.26 | +1.77% | $25.78B | 43.7 | 28.0 | 5.3 | +52.8% |
| AAON | $78.36 | +2.57% | $6.26B | 40.0 | 28.6 | 3.2 | +101.2% |
| Gentherm | $36.71 | +1.19% | $1.11B | 41.9 | 12.5 | 0.7 | +11.0% |
| Median | 40.0 | 26.4 | 3.5 | +11.0% |