Cerity Partners LLC Trims Stake in Whirlpool Corporation (NYSE:WHR)

Cerity Partners LLC trimmed its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 24.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,646 shares of the company's stock after selling 9,103 shares during the quarter. Cerity Partners LLC's holdings in Whirlpool were worth $2,492,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Alps Advisors Inc. raised its holdings in Whirlpool by 7.8% in the 1st quarter. Alps Advisors Inc. now owns 40,670 shares of the company's stock valued at $3,666,000 after buying an additional 2,928 shares during the period. Nisa Investment Advisors LLC increased its stake in Whirlpool by 9.8% in the first quarter. Nisa Investment Advisors LLC now owns 16,897 shares of the company's stock valued at $1,523,000 after purchasing an additional 1,510 shares during the last quarter. MeadowBrook Investment Advisors LLC increased its stake in Whirlpool by 155.2% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,475 shares of the company's stock valued at $223,000 after purchasing an additional 1,505 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Whirlpool by 3.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock valued at $377,000 after acquiring an additional 149 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of Whirlpool by 127.8% in the first quarter. Greenleaf Trust now owns 5,584 shares of the company's stock valued at $503,000 after acquiring an additional 3,133 shares during the period. Institutional investors own 90.78% of the company's stock.

Analyst Ratings Changes

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

Whirlpool Price Performance

Whirlpool stock traded up $3.80 during midday trading on Tuesday, hitting $96.02. The company's stock had a trading volume of 468,586 shares, compared to its average volume of 1,014,423. The stock's 50-day moving average price is $91.19 and its 200-day moving average price is $95.36. The company has a quick ratio of 0.40, a current ratio of 0.72 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $5.34 billion, a PE ratio of 686.50 and a beta of 1.25. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.03. The company had revenue of $3.62 billion during 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%. The firm's quarterly revenue was down 19.4% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. Analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Company 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.