SCHEDULE 13G/A: FMR LLC Amends Modine Mfg. Co. Stake
Beneficial Ownership Statement
FMR LLC and Abigail P. Johnson filed an amended Schedule 13G, reporting a 2.6% beneficial ownership in Modine Manufacturing Co. common stock.
Summary
- FMR LLC and Abigail P. Johnson filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Modine Manufacturing Co. (CUSIP: 607828100).
- The filing reports an aggregate beneficial ownership of 1,354,861.55 shares of Modine Manufacturing Co. common stock.
- This ownership represents 2.6% of the total class of securities outstanding.
- FMR LLC holds sole voting power over 1,345,667.00 shares and sole dispositive power over 1,354,861.55 shares.
- Abigail P. Johnson holds sole dispositive power over 1,354,861.55 shares.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: Neutral. This is a routine beneficial ownership disclosure. It indicates continued, non-controlling interest from a major institutional investor, which is neither strongly positive nor negative for the issuer's immediate prospects.
Positives
- The continued beneficial ownership by FMR LLC, a prominent institutional investor, indicates a sustained investment interest in Modine Manufacturing Co.
- The explicit statement that the shares are held in the ordinary course of business and not for control purposes suggests stability in the ownership structure and no immediate activist intentions.
Negatives
- The 2.6% stake is below the 5% threshold typically associated with new significant or activist institutional investments, suggesting it is not a new strategic position.
Future Outlook
Not applicable, as this filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from the issuer.
Industry Context
This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific industry context or trends for Modine Manufacturing Co. or its competitors.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming it is for investment purposes rather than control, which can contribute to market stability.
Key Dates
| Date | Description |
|---|---|
| 2023-05-23 | Effective date of Power of Attorney for Richard Bourgelas, authorizing signatures on behalf of FMR LLC and Abigail P. Johnson. |
| 2023-08-08 | Date of previous Schedule 13G filing by FMR LLC (accession number: -23-002397) where the Power of Attorney was incorporated by reference. |
| 2025-06-30 | Date of event which requires the filing of this statement (measurement date for beneficial ownership). |
| 2025-08-05 | Filing date of this Schedule 13G Amendment No. 2. |
Keywords
Modine Manufacturing Co., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor
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