SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 7.4% Passive Stake in Modine Manufacturing Co.
Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 7.4% beneficial ownership stake in Modine Manufacturing Co. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, through various affiliated entities, collectively beneficially own 3,879,387.26 shares of Modine Manufacturing Co. common stock.
- This ownership represents 7.4% of the total outstanding common stock of Modine Manufacturing Co.
- FMR LLC holds sole voting power over 3,870,104.00 shares and sole dispositive power over 3,879,387.26 shares.
- Abigail P. Johnson holds sole dispositive power over 3,879,387.26 shares, with no sole or shared voting power.
- The filing is an Amendment No. 1 to a previously filed Schedule 13G, indicating an update to their existing passive investment position.
- 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 Modine Manufacturing Co.
Sentiment
Score: 6
Explanation: The filing indicates a stable, significant passive ownership by a major institutional investor, which is generally a neutral to slightly positive signal, confirming continued interest without suggesting any immediate strategic changes or concerns.
Positives
- The continued significant ownership stake by a major institutional investor like FMR LLC and its principal, Abigail P. Johnson, can be viewed as a vote of confidence in Modine Manufacturing Co.'s long-term prospects.
- The passive nature of the investment, as certified by the filers, suggests stability and a lack of intent to disrupt company operations or control.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially reinforcing confidence due to the continued passive investment by a reputable firm.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting period end date for ownership). |
| 02/11/2025 | Date of filing of the Schedule 13G Amendment No. 1. |
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
Keywords
Modine Manufacturing Co., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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