World Asset Management Inc grew its holdings in shares of Whirlpool Co. (NYSE:WHR) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,560 shares of the company’s stock after purchasing an additional 234 shares during the period. World Asset Management Inc’s holdings in Whirlpool were worth $792,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Advocates Investment Management increased its position in Whirlpool by 217.4% during the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. SevenBridge Financial Group LLC increased its position in Whirlpool by 248.1% during the 2nd quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock worth $27,000 after purchasing an additional 134 shares during the period. Truvestments Capital LLC acquired a new position in Whirlpool during the 1st quarter worth approximately $28,000. Penserra Capital Management LLC acquired a new position in Whirlpool during the 1st quarter worth approximately $27,000. Finally, Thor Advisors LLC acquired a new position in Whirlpool during the 1st quarter worth approximately $38,000. Institutional investors own 93.87% of the company’s stock.
Several research firms have issued reports on WHR. TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. Gabelli restated a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Friday, May 10th. Zacks Investment Research cut Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Finally, Buckingham Research upped their price target on Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Whirlpool has a consensus rating of “Hold” and a consensus target price of $140.09.
Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, July 22nd. The company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.21. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.20 EPS. As a group, equities analysts anticipate that Whirlpool Co. will post 15.15 EPS for the current year.
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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