Casterton Joel Thomas
Known title: VP, Heavy Duty EquipmentCIK: 0001729187
Associated companies
Transaction History
| MOD | ▼ Sell | Tax Withholding | 1,649 | $20K | 10/2/2021 | View on chart |
| MOD | ▼ Sell | Tax Withholding | 1,649 | $20K | 10/2/2021 | View on chart |
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October 5, 2026
Modine Completes $946M Gentherm Spin-Off, Analysts Adjust Targets
Modine Manufacturing has completed the $946 million spin-off of its Performance Technologies business to Gentherm. This move is intended to transform Modine into a pure-play company, a shift that Oppenheimer notes could provide revenue upside. While the firm maintains an Outperform rating, it lowered its price target to $260, reflecting a slight reduction in fair value estimates among analysts.
Modine Completes $946M Gentherm Spin-Off, Analysts Adjust Targets. Modine Manufacturing has completed the $946 million spin-off of its Performance Technologies business to Gentherm. This move is intended to transform Modine into a pure-play company, a shift that Oppenheimer notes could provide revenue upside. While the firm maintains an Outperform rating, it lowered its price target to $260, reflecting a slight reduction in fair value estimates among analysts.