Holderness Investments Co. bought a new stake in shares of Whirlpool Corporation (NYSE:WHR) during the fourth quarter, Holdings Channel reports. The fund bought 1,225 shares of the company’s stock, valued at approximately $223,000.
A number of other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in shares of Whirlpool Corporation during the third quarter valued at approximately $89,558,000. CI Investments Inc. bought a new position in shares of Whirlpool Corporation during the second quarter valued at approximately $81,358,000. SG Americas Securities LLC raised its position in shares of Whirlpool Corporation by 129.9% in the third quarter. SG Americas Securities LLC now owns 84,864 shares of the company’s stock valued at $13,762,000 after buying an additional 369,047 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Whirlpool Corporation by 68.9% in the second quarter. Neuberger Berman Group LLC now owns 804,176 shares of the company’s stock valued at $134,008,000 after buying an additional 327,929 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Whirlpool Corporation by 92.9% in the third quarter. Morgan Stanley now owns 430,061 shares of the company’s stock valued at $69,738,000 after buying an additional 207,099 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Whirlpool Corporation (NYSE:WHR) traded up 0.67% during midday trading on Monday, hitting $175.65. The company had a trading volume of 184,389 shares. The stock’s 50-day moving average price is $180.65 and its 200-day moving average price is $172.72. Whirlpool Corporation has a 12 month low of $130.28 and a 12 month high of $194.10. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 15.27 and a beta of 1.91.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Thursday, January 26th. The company reported $4.33 EPS for the quarter, missing the consensus estimate of $4.39 by $0.06. Whirlpool Corporation had a net margin of 4.29% and a return on equity of 18.69%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Whirlpool Corporation will post $15.61 EPS for the current year.
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WHR has been the topic of several recent analyst reports. J P Morgan Chase & Co reiterated a “buy” rating and issued a $182.00 price target on shares of Whirlpool Corporation in a research note on Thursday, October 27th. Zacks Investment Research upgraded shares of Whirlpool Corporation from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a research report on Tuesday, January 3rd. KeyCorp lowered their target price on shares of Whirlpool Corporation from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 29th. Goldman Sachs Group, Inc. (The) lowered shares of Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $187.00 target price on the stock. in a research report on Friday, January 27th. Finally, MKM Partners lowered shares of Whirlpool Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $215.00 to $176.00 in a research report on Monday, October 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target 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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