Bank of New York Mellon Corp Decreases Stock Position in Whirlpool Corporation (NYSE:WHR)

Bank of New York Mellon Corp lessened its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 616,372 shares of the company's stock after selling 20,565 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.11% of Whirlpool worth $55,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Whirlpool by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company's stock worth $633,775,000 after purchasing an additional 33,326 shares during the last quarter. FMR LLC lifted its holdings in Whirlpool by 57.3% during the 4th quarter. FMR LLC now owns 1,808,744 shares of the company's stock worth $207,065,000 after buying an additional 659,014 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Whirlpool by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company's stock worth $157,205,000 after acquiring an additional 224,990 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Whirlpool by 19.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after acquiring an additional 199,663 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Whirlpool by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 937,637 shares of the company's stock worth $107,374,000 after acquiring an additional 34,471 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wall Street Zen upgraded Whirlpool from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Royal Bank Of Canada cut their price target on Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Monday, June 30th. Finally, Bank of America upgraded shares of Whirlpool from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $108.40.

Whirlpool Stock Performance

WHR traded down $4.84 during trading on Wednesday, reaching $96.10. The company's stock had a trading volume of 2,053,521 shares, compared to its average volume of 1,014,276. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72. The company's fifty day moving average price is $90.20 and its 200-day moving average price is $95.90. Whirlpool Corporation has a 52-week low of $73.72 and a 52-week high of $135.49. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 686.41 and a beta of 1.25.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.03. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. During the same quarter in the prior year, the company posted $1.78 earnings per share. Whirlpool's quarterly revenue was down 19.4% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.