Billionaire Mario Gabelli’s Top 15 Stock Picks

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5. Modine Manufacturing Company (NYSE:MOD)

Number of Hedge Fund Holders: 32  

GAMCO Investors’ Stake: $169.7 million  

Modine Manufacturing Company (NYSE:MOD) is a Wisconsin-based thermal management company founded in 1916. There are several compelling factors that make this company a strong investment. The first is, as per the report for the fiscal year of 2024, the total revenue generated from the company’s sales of products or services was $2.4 billion. This is a 5% increase from the previous year, indicating that the company has grown its business. Secondly, the company plans to open a new facility in Chennai, India, in mid-2025 to meet the increased demand for mission-critical cooling solutions used at data centers. The facility will manufacture data center cooling equipment under the Airedale by Modine brand, and also cooling modules for stationary power generation equipment. Moreover, the company is opening a new facility in Franklin, leasing a 153,000-square-foot facility.

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