Whirlpool Co. (WHR) Holdings Cut by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its position in Whirlpool Co. (NYSE:WHR) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,600 shares of the company’s stock after selling 300 shares during the period. Lord Abbett & CO. LLC’s holdings in Whirlpool were worth $1,133,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WHR. Murphy Pohlad Asset Management LLC acquired a new position in shares of Whirlpool during the fourth quarter valued at about $26,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Whirlpool in the 4th quarter worth about $32,000. WealthTrust Arizona LLC acquired a new stake in shares of Whirlpool in the 4th quarter worth about $32,000. Rehmann Capital Advisory Group raised its holdings in shares of Whirlpool by 79.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock worth $37,000 after acquiring an additional 137 shares during the last quarter. Finally, Doyle Wealth Management acquired a new stake in shares of Whirlpool in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

WHR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a research report on Monday, March 18th. Buckingham Research initiated coverage on shares of Whirlpool in a research report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Royal Bank of Canada downgraded shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective for the company. in a research report on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Whirlpool presently has an average rating of “Hold” and a consensus target price of $144.08.

Shares of Whirlpool stock traded down $3.51 on Monday, reaching $136.37. 1,112,312 shares of the company traded hands, compared to its average volume of 886,133. The company has a market capitalization of $8.83 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.98 and a beta of 1.61. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. Whirlpool Co. has a 52 week low of $99.40 and a 52 week high of $167.54.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, January 28th. The company reported $4.75 EPS for the quarter, beating the Zacks’ consensus estimate of $4.30 by $0.45. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. Whirlpool’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.10 EPS. Equities analysts expect that Whirlpool Co. will post 14.66 EPS for the current fiscal year.

In related news, Director Michael F. Johnston sold 2,845 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $133.54, for a total transaction of $379,921.30. Following the sale, the director now directly owns 6,550 shares in the company, valued at approximately $874,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

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About Whirlpool

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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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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