SevenBridge Financial Group LLC grew its stake in Whirlpool Co. (NYSE:WHR) by 248.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188 shares of the company’s stock after purchasing an additional 134 shares during the period. SevenBridge Financial Group LLC’s holdings in Whirlpool were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Advocates Investment Management raised its holdings in Whirlpool by 217.4% in the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Truvestments Capital LLC bought a new position in Whirlpool in the 1st quarter valued at approximately $28,000. Penserra Capital Management LLC bought a new position in Whirlpool in the 1st quarter valued at approximately $27,000. Thor Advisors LLC bought a new position in Whirlpool in the 1st quarter valued at approximately $38,000. Finally, Farmers National Bank bought a new position in Whirlpool in the 1st quarter valued at approximately $40,000. Institutional investors own 93.87% of the company’s stock.
WHR has been the subject of a number of research reports. Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Friday, May 10th. Buckingham Research raised their price objective on shares of Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. ValuEngine upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Finally, TheStreet raised shares of Whirlpool from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Whirlpool has a consensus rating of “Hold” and a consensus price target of $140.09.
Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.21. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. Whirlpool’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.20 earnings per share. On average, research analysts expect that Whirlpool Co. will post 15.15 EPS for the current year.
Whirlpool Company Profile
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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