Modine Announces Merger with LBW Holding Corp.

Modine ( (MOD) ) has provided an announcement.

On May 29, 2025, Modine Manufacturing Company announced a merger agreement with LBW Holding Corp., under which LBW Holding will become a wholly owned subsidiary of Modine. The transaction, valued at approximately $112 million, is expected to close by May 31, 2025, and aims to enhance Modine’s market position in climate solutions. The acquisition is anticipated to be accretive to earnings per share and will be funded through cash on hand and existing credit facilities, with no financing conditions or regulatory reviews required for closing.

The most recent analyst rating on (MOD) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Modine stock, see the MOD Stock Forecast page.

Spark’s Take on MOD Stock

According to Spark, TipRanks’ AI Analyst, MOD is a Outperform.

Modine demonstrates strong financial performance and a positive earnings call outlook, particularly in its Climate Solutions and data center segments. However, the stock’s technical indicators suggest caution, and its valuation is relatively high, which may limit upside potential. Continued strategic growth and strong financial management position Modine well, but challenges in certain segments and market conditions should be monitored.

To see Spark’s full report on MOD stock, click here.

More about Modine

Modine Manufacturing Company operates in the heating and climate solutions industry, providing a range of products such as propane, natural gas, and kerosene heaters for agricultural, construction, and greenhouse environments. The company is known for its expertise in heating design and manufacturing, with a strong market presence in agriculture and portable climate solutions.

Average Trading Volume: 1,167,504

Technical Sentiment Signal: Buy

Current Market Cap: $4.79B

Learn more about MOD stock on TipRanks’ Stock Analysis page.