RWWM Inc. boosted its holdings in shares of Whirlpool Corporation (NYSE:WHR – Free Report) by 191.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,422,618 shares of the company’s stock after acquiring an additional 1,591,849 shares during the period. Whirlpool comprises about 9.5% of RWWM Inc.’s portfolio, making the stock its 4th largest position. RWWM Inc.’s holdings in Whirlpool were worth $130,628,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in WHR. Flagship Harbor Advisors LLC bought a new position in shares of Whirlpool during the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in Whirlpool by 172.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after buying an additional 246 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Whirlpool in the fourth quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its stake in Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after buying an additional 208 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Whirlpool by 113.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.
Whirlpool Price Performance
Shares of WHR opened at $38.60 on Wednesday. The company has a 50 day moving average of $40.77 and a two-hundred day moving average of $59.17. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. Whirlpool Corporation has a twelve month low of $36.01 and a twelve month high of $106.50. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 22.46 and a beta of 1.16.
Wall Street Analyst Weigh In
WHR has been the topic of several recent research reports. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Citigroup decreased their price objective on Whirlpool from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday. BNP Paribas Exane initiated coverage on Whirlpool in a research report on Monday. They set a “neutral” rating and a $43.00 price objective on the stock. Stifel Nicolaus set a $55.00 target price on Whirlpool in a research note on Monday, May 4th. Finally, Bank of America reduced their target price on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Whirlpool presently has a consensus rating of “Reduce” and an average price target of $54.89.
View Our Latest Stock Report on Whirlpool
Whirlpool Company Profile
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.
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