MOD
Modine Manufacturing Company
September 28, 2026 · intraday
- Rarity
- 1.69
- Peak move
- −12.66%
- Float cap
- $10.3B
Modine Manufacturing Company designs, engineers, tests, and manufactures mission-critical thermal solutions, including HVAC&R systems and engineered heat transfer components that heat, cool, and ventilate. It serves data center operators, healthcare facilities and schools, HVAC OEMs, construction architects and contractors, heating equipment wholesalers, and agricultural, industrial, construction, commercial, truck, bus, automobile, and specialty vehicle OEMs worldwide.
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What we found
6 events · 0 from SEC or newswire · 0 timed with the moveinstitutional_flowBank of America took a larger stake in Modine Manufacturing, purchasing 354,751 shares, a position disclosed in quarterly holdings reporting.
major_contractModine announced hiring for up to 300 first- and second-shift manufacturing positions at its 153,000-sq-ft Franklin, WI plant, holding a walk-in hiring fair Sept. 24, 2026, with production assembler roles starting at $23/hour to ramp production of Airedale data center cooling systems.
analyst_ratingUBS reiterated a Buy rating and $355 price target on Modine (MOD) on September 23, 2026, with the stock at $198.07 as of the September 25 close.
spinoff_divestitureModine set Sept. 28, 2026 as the record date for the distribution of Platinum SpinCo shares holding its Performance Technologies business, with the distribution expected Oct. 1, 2026, immediately followed by SpinCo's merger with a Gentherm subsidiary; NYSE due bills trading began Sept. 28 and the SpinCo cash payment to Modine was cut to $159 million from $210 million.
peer_disclosureGentherm declared a special cash dividend of an estimated $1.90 per share (about $58.4 million) payable Oct. 7, 2026 to holders of record Sept. 28, 2026, conditioned on closing its merger with Modine's spun-off Performance Technologies business; Modine shareholders receiving Gentherm stock are not entitled to it, and Gentherm shareholders approved the combination.
shareholder_voteGentherm shareholders approved the proposals for the combination with Modine's Performance Technologies business at a Sept. 10, 2026 special meeting, with about 99% of votes cast favoring issuance of Gentherm stock to Modine holders and about 94% of outstanding shares backing a charter amendment to increase authorized shares.