Modine Manufacturing Company authorized a new $400 million stock repurchase program via a recent Form 8-K filing. The board-approved plan allows for common stock buybacks over a three-year period ending July 27, 2029.
This authorization replaces the 2024 repurchase program scheduled for termination on July 27, 2026. The previous program maintained a remaining balance of $110.1 million as of June 30, 2026.
In separate news, CI Investments Inc. disclosed a new position in the company. The firm acquired 74,712 shares of Modine common stock.