Clark Capital Management Group Inc. boosted its position in Whirlpool Corporation (NYSE:WHR) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 69,003 shares of the company’s stock after buying an additional 4,382 shares during the period. Clark Capital Management Group Inc. owned about 0.09% of Whirlpool Corporation worth $12,543,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Whirlpool Corporation by 4.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,174,038 shares of the company’s stock worth $395,175,000 after buying an additional 89,260 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Whirlpool Corporation by 4.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,096,167 shares of the company’s stock worth $339,914,000 after buying an additional 85,331 shares in the last quarter. Evercore Trust Company N.A. boosted its stake in shares of Whirlpool Corporation by 0.3% in the second quarter. Evercore Trust Company N.A. now owns 1,467,654 shares of the company’s stock worth $244,570,000 after buying an additional 5,110 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Whirlpool Corporation by 3.7% in the third quarter. BlackRock Fund Advisors now owns 1,249,871 shares of the company’s stock worth $202,679,000 after buying an additional 44,670 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Whirlpool Corporation by 32.3% in the third quarter. Neuberger Berman Group LLC now owns 1,064,176 shares of the company’s stock worth $172,567,000 after buying an additional 260,000 shares in the last quarter. 92.43% of the stock is owned by institutional investors.
Shares of Whirlpool Corporation (NYSE:WHR) traded up 0.24% during trading on Friday, hitting $174.48. The stock had a trading volume of 644,999 shares. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 15.17 and a beta of 1.91. Whirlpool Corporation has a 12-month low of $131.34 and a 12-month high of $194.10. The stock’s 50-day moving average is $180.65 and its 200-day moving average is $172.72.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Thursday, January 26th. The company reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.39 by $0.06. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Whirlpool Corporation had a return on equity of 18.69% and a net margin of 4.29%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.10 EPS. On average, equities research analysts expect that Whirlpool Corporation will post $15.61 EPS for the current year.
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A number of analysts have commented on WHR shares. Goldman Sachs Group, Inc. (The) cut Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $187.00 price target for the company. in a research report on Friday, January 27th. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. J P Morgan Chase & Co reissued a “buy” rating and issued a $182.00 price objective on shares of Whirlpool Corporation in a report on Thursday, October 27th. MKM Partners cut Whirlpool Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $215.00 to $176.00 in a report on Monday, October 17th. Finally, KeyCorp decreased their price objective on Whirlpool Corporation from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, November 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $195.38.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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