Modine Manufacturing stock tracks an October 1 deal close
Published on 09/29/2026 at 20:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Modine Manufacturing is approaching an expected October 1, 2026 closing for its Performance Technologies spinoff and Gentherm merger, a transaction that will reshape the thermal-management company. PR Newswire reported on September 10, 2026 that the proposed closing remains subject to customary conditions and that the continuing company is expected to adopt the name Modexus Solutions.
October 1 closing sets the timeline
The deal separates Performance Technologies from the remaining thermal-management operations and keeps the MOD ticker on the New York Stock Exchange after the transaction, according to PR Newswire. The planned change gives investors two operating questions to track: execution through the separation and the growth rate of the remaining businesses.
Data centers drive the latest growth
For the quarter ended June 30, 2026, Modine reported net sales of USD 874.1 million, up 28 percent from USD 682.8 million a year earlier, while net earnings attributable to Modine reached USD 73.9 million versus USD 51.2 million. Those figures come from the fiscal 2027 first-quarter release carried by Trivano.
The mix explains the strategic emphasis. Data Centers sales rose 90 percent to USD 348.6 million, while Commercial HVAC sales increased 22 percent to USD 261.6 million; Performance Technologies sales fell 3 percent to USD 277.8 million, according to Trivano. The contrast makes data-center execution central to the investment case, while supply constraints pushed gross margin down to 20.8 percent from 24.2 percent.
Analyst target stays at USD 330
GuruFocus reported on September 29, 2026 that DA Davidson maintained a Buy rating and a USD 330.00 price target. The target stands alongside fiscal 2027 guidance for net sales growth of 20 percent to 35 percent and adjusted EBITDA of USD 650 million to USD 680 million.
Market value and yearly range
Modine Manufacturing had a market capitalization of USD 9.7 billion and a 52-week range of USD 111.18 to USD 323.25 as of September 29, 2026. The stock's market position therefore combines rapid reported growth with a valuation that remains sensitive to the October transaction and the conversion of data-center demand into margins.
Modine Manufacturing at a glance
- Company: Modine Manufacturing Company
- Ticker: MOD
- Primary exchange: New York Stock Exchange
- Market capitalization: USD 9.7 billion (as of September 29, 2026)
- 52-week range: USD 111.18-USD 323.25 (as of September 29, 2026)
- Sector / Industry: Industrials / Industrial Machinery
