Modine Manufacturing (MOD) Rose on Strong Data Center Demand and Improved Visibility

1 month ago 8

Ricardo Pillai

Mon, July 27, 2026 astatine 8:14 AM CDT 3 min read

Artisan Partners, an concern absorption company, released its second-quarter 2026 capitalist missive for its "Artisan Small Cap Fund". A transcript of the missive tin be downloaded here. The money reported beardown implicit returns and modestly outperformed the Russell 2000® Growth Index, which gained 25.7%. Global equities rebounded arsenic resilient US growth, moderating inflation, beardown net and continued AI concern outweighed delayed complaint cuts, rising enslaved yields and geopolitical uncertainty. Investor Class: ARTSX, Advisor Class: APDSX, and Institutional Class: APHSX returned 26.02%, 26.05%, and 26.11%, respectively, successful the 2nd quarter, compared to a 25.71% instrumentality for the index. Market enactment favored loss-making, highly leveraged companies, creating a hard situation for quality-focused progressive managers. Health attraction was the strongest comparative contributor, portion energy, materials, financials and existent property besides helped. Technology, industrials and user discretionary detracted, partially due to the fact that the money did not ain oversized scale contributors. Software holdings besides weakened contempt beardown fundamentals. The money remains affirmative connected small-cap opportunities, AI infrastructure and wellness care, but has reduced bundle vulnerability and is staying selective arsenic valuations emergence and competitory risks increase. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its second-quarter 2026 capitalist letter, Artisan Small Cap Fund highlighted Modine Manufacturing Company (NYSE:MOD). Modine Manufacturing Company (NYSE:MOD) designs, engineers, tests, manufactures, and sells mission-critical thermal solutions. On July 24, 2026, Modine Manufacturing Company (NYSE:MOD) closed astatine $241.79 per share. One-month instrumentality of Modine Manufacturing Company (NYSE:MOD) was -5.68% and its shares gained 129.16% implicit the past 52 weeks. Modine Manufacturing Company (NYSE:MOD) has a marketplace capitalization of $12.84 cardinal with a 52-week trading scope betwixt $102.93 - $323.25.

Artisan Small Cap Fund stated the pursuing regarding Modine Manufacturing Company (NYSE:MOD) successful its Q2 2026 capitalist letter:

"Modine Manufacturing Company (NYSE:MOD) is a planetary person successful thermal management. The institution reported a coagulated quarter, supported by robust request from hyperscale information halfway customers and accelerating maturation successful its clime solutions business. Modine besides announced a semipermanent capableness statement that reinforced request visibility done 2029. Margin enlargement remained slower than expected arsenic the institution continued to ramp capableness and sorb proviso concatenation and input outgo pressures. We trimmed the presumption pursuing the stock's beardown appreciation, arsenic it had grown beyond the presumption size we were comfy maintaining. We proceed to presumption Modine arsenic a durable franchise with an charismatic nett rhythm and a tenable valuation implicit a multiyear perspective, but we person reduced vulnerability successful enactment with our hazard discipline."

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