Eric McGinnis Sells Shares of Modine Manufacturing
Modine Manufacturing's President, Eric McGinnis, sold 1,020 shares on June 18, 2026.
Key Points
- Eric McGinnis, President of Commercial HVAC at Modine, sold 1,020 shares at $295.07 each on June 18, 2026.
- Modine Manufacturing, with a market cap of $15.7 billion, has a P/E ratio of 131.58 and a 52-week high of $323.25.
- Analysts from firms like DA Davidson and UBS maintain buy ratings with targets up to $370.
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Eric McGinnis, President of Commercial HVAC at Modine Manufacturing Company (NYSE:MOD), sold 1,020 shares on June 18, 2026. The shares were sold at an average price of $295.07, amounting to a total transaction value of approximately $300,971. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Modine Manufacturing Company
Several insiders have been active at Modine Manufacturing recently. On June 18, 2026, Eric McGinnis sold 1,020 shares at $295.07 each. Earlier, on June 16, 2026, Eric Ashleman sold 15,000 shares at an average price of $288.55. Additionally, Arthur Laszlo Jr., President of Data Centers, sold 900 shares on June 1, 2026, at $295.76 per share.
Other Institutional Activity in Modine Manufacturing
Institutional investors have also been adjusting their positions in Modine Manufacturing. BlackRock, Inc. increased its holdings by 92,131 shares, bringing its total to 4,085,044 shares valued at approximately $885.3 million, a 2.3% increase. Vanguard Portfolio Management LLC initiated a new position with 2,363,670 shares valued at $512.2 million. Similarly, Vanguard Capital Management LLC also opened a new position, acquiring 2,362,734 shares worth about $512.0 million. On the other hand, Price T Rowe Associates Inc reduced its stake by 609,752 shares, now holding 1,723,422 shares valued at $373.5 million, a 26.1% decrease. Capital Research Global Investors boosted its holdings by 231,404 shares, reaching a total of 1,709,628 shares valued at $370.5 million, a 15.7% increase.
Modine Manufacturing Company Stock Up 66.4%
Shares of NYSE:MOD traded near $297.37 on Monday. Modine Manufacturing has a market cap of approximately $15.7 billion, with a P/E ratio of 131.58 and a forward P/E of 26.20. The stock's 52-week range is between $86.48 and $323.25. It has a 50-day moving average of $266.47 and a 200-day moving average of $191.72. The company's beta is 1.66, indicating higher volatility compared to the market.
$MOD stock price
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Recent Earnings
Modine Manufacturing reported revenue of $3.18 billion with a growth rate of 47.5%. The company achieved a net margin of 3.82% and a return on equity of 11.63%. Earnings per share stood at $2.26. Modine is expected to release its next earnings report on July 28, 2026.
Analysts Set New Price Targets
On June 22, 2026, DA Davidson maintained its buy rating for Modine Manufacturing with a price target of $330. UBS also maintained a buy rating, setting its target at $355 on May 28, 2026. Keybanc set the highest target of $370, maintaining a buy rating on May 27, 2026. The consensus among analysts is a buy recommendation with an average target price of $340.86 based on seven analyst opinions.
About Modine Manufacturing Company
Modine Manufacturing Company is a leader in thermal management solutions, serving various industries including automotive and data centers. Headquartered in Racine, Wisconsin, Modine designs, engineers, and manufactures products like heat transfer systems, HVAC units, and data center cooling solutions. Led by CEO Neil D. Brinker, the company employs approximately 13,200 people worldwide.
Bottom Line
Insider transactions, like those by Eric McGinnis, offer a glimpse into executive confidence at Modine Manufacturing. Investors track these movements for insights, though they are not necessarily indicative of future performance. Modine's stock performance and analyst ratings suggest a strong interest from both insiders and institutional investors, reflecting its market position in the auto parts sector.
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