Convergence Investment Partners LLC reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,451 shares of the company’s stock after selling 68 shares during the quarter. Convergence Investment Partners LLC’s holdings in Whirlpool were worth $965,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in WHR. ACR Alpine Capital Research LLC acquired a new stake in shares of Whirlpool during the 1st quarter worth about $82,574,000. Norges Bank bought a new position in Whirlpool during the 4th quarter worth approximately $97,260,000. Oppenheimer Asset Management Inc. boosted its stake in Whirlpool by 5,674.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 287,242 shares of the company’s stock worth $24,645,000 after acquiring an additional 282,268 shares during the last quarter. Ziegler Capital Management LLC acquired a new stake in Whirlpool during the 1st quarter worth approximately $19,989,000. Finally, Nuveen Asset Management LLC raised its holdings in Whirlpool by 34.6% during the 1st quarter. Nuveen Asset Management LLC now owns 500,366 shares of the company’s stock worth $42,931,000 after buying an additional 128,645 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Whirlpool from $158.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Royal Bank of Canada reissued a “sell” rating and issued a $110.00 target price on shares of Whirlpool in a research note on Monday, July 20th. Credit Suisse Group lifted their price objective on shares of Whirlpool from $103.00 to $128.00 and gave the stock an “underperform” rating in a research report on Friday, July 24th. Longbow Research boosted their target price on shares of Whirlpool from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Deutsche Bank boosted their target price on shares of Whirlpool from $109.00 to $148.00 in a research report on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Whirlpool has a consensus rating of “Hold” and a consensus target price of $157.67.
Shares of Whirlpool stock traded up $0.11 on Friday, hitting $163.12. The stock had a trading volume of 611,847 shares, compared to its average volume of 851,456. The stock has a 50 day moving average of $135.63 and a 200 day moving average of $125.10. Whirlpool Co. has a twelve month low of $64.00 and a twelve month high of $166.06. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.71 and a current ratio of 0.98. The firm has a market capitalization of $10.14 billion, a P/E ratio of 12.50, a PEG ratio of 0.78 and a beta of 1.98.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 22nd. The company reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $1.15. Whirlpool had a return on equity of 22.08% and a net margin of 4.42%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the business posted $4.01 earnings per share. Equities analysts expect that Whirlpool Co. will post 12.5 earnings per share for the current year.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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