Trustcore Financial Services LLC Raises Holdings in Whirlpool Co. (NYSE:WHR)

Trustcore Financial Services LLC grew its position in Whirlpool Co. (NYSE:WHR) by 45.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264 shares of the company’s stock after buying an additional 83 shares during the quarter. Trustcore Financial Services LLC’s holdings in Whirlpool were worth $38,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Miller Howard Investments Inc. NY purchased a new stake in shares of Whirlpool during the 1st quarter worth $46,489,000. FMR LLC lifted its stake in shares of Whirlpool by 487.1% during the 4th quarter. FMR LLC now owns 307,712 shares of the company’s stock worth $32,885,000 after purchasing an additional 255,304 shares during the last quarter. LSV Asset Management lifted its stake in shares of Whirlpool by 6.6% during the 1st quarter. LSV Asset Management now owns 2,336,988 shares of the company’s stock worth $310,562,000 after purchasing an additional 145,582 shares during the last quarter. Markel Corp lifted its stake in shares of Whirlpool by 139.7% during the 1st quarter. Markel Corp now owns 194,749 shares of the company’s stock worth $25,881,000 after purchasing an additional 113,490 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Whirlpool during the 2nd quarter worth $15,431,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

In related news, CFO James W. Peters sold 650 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the transaction, the chief financial officer now directly owns 18,569 shares of the company’s stock, valued at approximately $2,720,544.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

A number of brokerages recently weighed in on WHR. Buckingham Research upped their price objective on Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. ValuEngine cut Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Finally, Longbow Research set a $178.00 price objective on Whirlpool and gave the stock a “buy” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Whirlpool presently has an average rating of “Hold” and an average target price of $140.09.

NYSE:WHR traded down $0.93 during mid-day trading on Wednesday, hitting $135.38. 121,000 shares of the company’s stock traded hands, compared to its average volume of 913,001. The stock has a fifty day moving average of $143.85. Whirlpool Co. has a twelve month low of $99.40 and a twelve month high of $152.50. The company has a market cap of $8.61 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.65 and a beta of 1.83. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31.

Whirlpool (NYSE:WHR) last announced its earnings results on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period in the prior year, the company posted $3.20 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts expect that Whirlpool Co. will post 15.15 earnings per share for the current year.

Whirlpool 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.

Read More: Quick Ratio

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.