Strs Ohio lifted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 48.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,268 shares of the company’s stock after purchasing an additional 3,339 shares during the period. Strs Ohio’s holdings in Whirlpool were worth $1,461,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in WHR. Geode Capital Management LLC raised its stake in shares of Whirlpool by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 857,618 shares of the company’s stock valued at $91,496,000 after acquiring an additional 57,356 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Whirlpool in the 4th quarter valued at approximately $202,000. FMR LLC raised its stake in shares of Whirlpool by 487.1% in the 4th quarter. FMR LLC now owns 307,712 shares of the company’s stock valued at $32,885,000 after acquiring an additional 255,304 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Whirlpool in the 1st quarter valued at approximately $28,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Whirlpool in the 1st quarter valued at approximately $223,000. Institutional investors own 94.02% of the company’s stock.
Shares of WHR opened at $135.01 on Tuesday. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $152.50. The business’s 50 day simple moving average is $143.38. The stock has a market cap of $8.68 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.66 and a beta of 1.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.84.
Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, July 22nd. The company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.80 by $0.21. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the business posted $3.20 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Whirlpool Co. will post 15.15 earnings per share for the current year.
In other Whirlpool news, CFO James W. Peters sold 650 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.51, for a total transaction of $95,231.50. Following the completion of the transaction, the chief financial officer now owns 18,569 shares in the company, valued at approximately $2,720,544.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Buckingham Research upped their target price on shares of Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Longbow Research set a $178.00 target price on shares of Whirlpool and gave the stock a “buy” rating in a research note on Friday, August 2nd. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. TheStreet raised shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Finally, ValuEngine downgraded shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $140.09.
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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