Blue Whale Capital LLP Buys New Holdings in Modine Manufacturing Company $MOD

Posted by Brian Himes on Aug 24th, 2026

Blue Whale Capital LLP bought a new stake in Modine Manufacturing Company (NYSE:MOD – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 463,437 shares of the auto parts company’s stock, valued at approximately $123,747,000. Modine Manufacturing comprises about 3.9% of Blue Whale Capital LLP’s holdings, making the stock its 9th largest position.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Modine Manufacturing during the 2nd quarter valued at approximately $765,540,000. Invesco Ltd. increased its stake in shares of Modine Manufacturing by 120.4% in the fourth quarter. Invesco Ltd. now owns 1,318,529 shares of the auto parts company’s stock worth $176,037,000 after acquiring an additional 720,389 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Modine Manufacturing by 31.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,333,174 shares of the auto parts company’s stock worth $311,503,000 after acquiring an additional 560,131 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Modine Manufacturing by 2,249.9% during the first quarter. Janus Henderson Group PLC now owns 523,507 shares of the auto parts company’s stock worth $113,459,000 after purchasing an additional 501,229 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Modine Manufacturing during the fourth quarter worth $58,309,000. 95.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Modine Manufacturing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. DA Davidson reiterated a “buy” rating and set a $330.00 price objective on shares of Modine Manufacturing in a research note on Monday, June 22nd. Glj Research reissued a “buy” rating and issued a $428.00 price objective on shares of Modine Manufacturing in a report on Monday, June 1st. KeyCorp lowered their target price on Modine Manufacturing from $370.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $305.00 target price (down from $340.00) on shares of Modine Manufacturing in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Modine Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $320.14.

View Our Latest Stock Analysis on MOD

Modine Manufacturing Trading Up 0.2%

MOD stock opened at $198.03 on Monday. The company’s 50-day simple moving average is $232.44 and its 200-day simple moving average is $236.31. The company has a quick ratio of 1.22, a current ratio of 2.04 and a debt-to-equity ratio of 0.39. Modine Manufacturing Company has a 52-week low of $111.18 and a 52-week high of $323.25. The firm has a market cap of $10.52 billion, a P/E ratio of 74.45, a PEG ratio of 0.65 and a beta of 1.71.

Modine Manufacturing (NYSE:MOD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.26. The firm had revenue of $874.10 million during the quarter, compared to analyst estimates of $878.69 million. Modine Manufacturing had a return on equity of 25.59% and a net margin of 4.28%.Modine Manufacturing’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, equities analysts forecast that Modine Manufacturing Company will post 7.65 EPS for the current fiscal year.

Insider Activity

In related news, Director Eric D. Ashleman sold 15,000 shares of Modine Manufacturing stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $288.54, for a total value of $4,328,100.00. Following the sale, the director owned 42,350 shares of the company’s stock, valued at approximately $12,219,669. This trade represents a 26.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brian Jon Agen sold 38,282 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $295.17, for a total transaction of $11,299,697.94. Following the completion of the sale, the vice president directly owned 66,343 shares of the company’s stock, valued at approximately $19,582,463.31. The trade was a 36.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 54,302 shares of company stock worth $15,928,759 over the last three months. 1.92% of the stock is currently owned by corporate insiders.

About Modine Manufacturing

(Free Report)

Modine Manufacturing Company (NYSE:MOD) is a global provider of thermal management solutions serving automotive, commercial transportation, heavy-duty off-highway, industrial, HVAC and refrigeration markets. The company designs, manufactures, tests and markets a broad array of heat-transfer products that manage temperature and energy efficiency for engines, power electronics and building climate control systems.

Its product portfolio includes heat exchangers, condensers, radiators, evaporators, charge air coolers, fan systems and associated controls.