Driehaus Capital Management 13F: Adds $3.9M to MOD Stake

Driehaus Capital Management Increases Modine Manufacturing Holdings

Driehaus Capital Management lifted its investment in Modine Manufacturing Company (NYSE: MOD) during the reporting period, according to a Form 13F filed with the SEC. The fund added 14,342 shares to its portfolio, translating to a 3.0% increase. This activity brought the total position to 494,734 shares, with a reported value of about $135.0 million based on prior period figures. Because 13F filings look backward at holdings from the end of the reporting quarter, the position may not reflect current trading activity today.

Modine Manufacturing Stock Price Performance and Averages

Modine Manufacturing shares recently traded around $272.97. The stock has experienced a wide trading range over the past year, falling as low as $111.18 and climbing as high as $323.25. Its current price sits comfortably above both its 50-day moving average of $201.40 and its 200-day moving average of $212.25. The company carries a forward P/E ratio of 17.96.

Insider Buying and Selling at Modine Manufacturing Company

Company insiders have recently adjusted their personal shareholdings through open market transactions. On June 16, 2026, Eric Ashleman sold 15,000 shares at an average price of $288.55 for a total value of $4.33 million. On June 18, 2026, President of Commercial HVAC Eric McGinnis sold 1,020 shares at $295.07, totaling $300,971. Additionally, VP and CHRO Brian Jon Agen sold 38,282 shares on June 18, 2026, at an average price of $295.17 in a transaction valued at $11.3 million carried out under a planned trading arrangement. Insider sales do not inherently signal a negative outlook and often reflect personal financial planning.

Wall Street Analyst Opinions and Price Targets

Analyst firms continue to monitor Modine Manufacturing closely with a generally favorable consensus view. On June 22, 2026, DA Davidson maintained its Buy rating on the stock with a $330.00 price target. Later in the summer, B. Riley Securities reiterated a Buy rating while adjusting its price target to $305.00 on July 30, 2026, matching an update from Keybanc which maintained an Overweight rating and a $280.00 price target. Additional updates arrived in the fall, with Keybanc reiterating its Overweight stance at $280.00 on September 2, 2026, and DA Davidson maintaining a Buy rating with a $330.00 target on September 29, 2026. Oppenheimer maintained an Outperform rating with a target of $260.00 on October 2, 2026, and Baird initiated coverage with an Outperform rating and a $300.00 target on October 6, 2026.

About Modine Manufacturing Company

Modine Manufacturing Company, headquartered in Racine, Wisconsin, designs and builds thermal management systems and heat transfer products for automotive, commercial, and industrial markets worldwide. The company provides specialized cooling equipment for data centers, electric vehicle batteries, and electronic components, alongside heating, ventilation, and air conditioning products. Founded in 1916, Modine employs approximately 13,000 people globally.

What to Watch Next for Investors

Investors tracking Modine Manufacturing can look ahead to the company's next scheduled earnings report on October 27, 2026, for updated revenue and profit figures. Future institutional ownership updates will arrive in subsequent quarterly 13F filings. This review of Driehaus Capital Management's position is based entirely on regulatory disclosures and does not constitute investment advice.