5 Best Home Appliance Stocks to Invest In

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In this article, we will be looking at the 5 best home appliance stocks to invest in. If you want to go through our detailed analysis of these stocks, you can go directly to the 11 Best Home Appliance Stocks to Invest in.

5. Modine Manufacturing Company (NYSE:MOD)

Number of Hedge Fund Holders: 28

Modine Manufacturing Company (NYSE:MOD) is an American firm headquartered in Racine, Wisconsin, specializing in the sale of heating products. Its diverse product portfolio includes furnaces, perimeter heating products, cabinet unit heaters, and fin tube radiators.

Based on Insider Monkey’s fourth-quarter database, 28 hedge funds demonstrated bullish sentiment towards Modine Manufacturing Company (NYSE:MOD), reflecting a slight decrease from 30 funds in the preceding quarter. Mario Gabelli’s GAMCO Investors emerged as the largest stakeholder of the company, holding 2.2 million shares valued at $132.49 million.

Carillon Chartwell Small Cap Value Fund made the following comment about Modine Manufacturing Company (NYSE:MOD) in its Q3 2023 investor letter:

“Modine Manufacturing Company (NYSE:MOD) was another strong performer. Modine’s performance technologies segment is experiencing high demand as it provides thermal solutions for electronic vehicle (EV) and hybrid vehicle manufacturers. The company also has focused on growth opportunities in the data-center market, selling data center cooling solutions needed for energy intensive artificial intelligence (AI) projects.”

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