5 Best Home Appliances Stocks to Buy

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In this piece, we will take a look at the five best home appliance stocks to buy. If you want to take a look at more stocks, then head on to 10 Best Home Appliances Stocks to Buy. If interested, you can subscribe to our free daily newsletter by entering your email address below to find out which stocks hedge funds are buying on a daily basis:

5. Modine Manufacturing Company (NYSE:MOD)

Number of Hedge Fund Holders: 13

Modine Manufacturing Company (NYSE:MOD) is an American company that sells heating products. These include furnaces, perimeter heating products, cabinet unit heaters, and fin tube radiators. The company is headquartered in Racine, Wisconsin.

Modine Manufacturing Company (NYSE:MOD) is one of the cheaper home appliance companies, with its forward price to adjusted operating cash flow ratio of 7.5 and enterprise value to operating income ratio of 6.4 both down from the 2022 readings. The company also posted a strong bottom line in its first quarter, with its net income of $14 million growing strongly over the year ago quarter’s $2.3 million.

Modine Manufacturing Company (NYSE:MOD)’s shares have appreciated by almost 68% on the stock market this year, and Insider Monkey’s June quarter of 2022 survey of 895 hedge funds revealed that 13 had held a stake in the company.

Out of these, Mario Gabelli’s GAMCO Investors is Modine Manufacturing Company (NYSE:MOD)’s largest investor. It owns 3.2 million shares that are worth $33 million.

Follow Modine Manufacturing Co (NYSE:MOD)


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