Edgestream Partners L.P. bought a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,502 shares of the company's stock, valued at approximately $586,000.
A number of other hedge funds also recently made changes to their positions in the stock. Greatmark Investment Partners Inc. increased its holdings in Whirlpool by 12.6% during the 1st quarter. Greatmark Investment Partners Inc. now owns 63,275 shares of the company's stock worth $5,703,000 after purchasing an additional 7,080 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Whirlpool by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company's stock worth $1,397,000 after purchasing an additional 200 shares in the last quarter. Stephens Inc. AR bought a new position in shares of Whirlpool during the 1st quarter worth approximately $564,000. New York State Common Retirement Fund boosted its stake in shares of Whirlpool by 116.8% in the 1st quarter. New York State Common Retirement Fund now owns 51,278 shares of the company's stock worth $4,622,000 after buying an additional 27,623 shares during the last quarter. Finally, Harmony Asset Management LLC grew its holdings in shares of Whirlpool by 17.6% in the first quarter. Harmony Asset Management LLC now owns 7,359 shares of the company's stock valued at $663,000 after acquiring an additional 1,100 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.
Whirlpool Price Performance
NYSE:WHR traded up $3.70 during mid-day trading on Tuesday, reaching $95.92. The stock had a trading volume of 468,586 shares, compared to its average volume of 1,014,444. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The firm has a 50 day moving average price of $91.19 and a two-hundred day moving average price of $95.36. The stock has a market capitalization of $5.33 billion, a P/E ratio of 686.50 and a beta of 1.25.
Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.03. The business 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%. Whirlpool's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. As a group, analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on WHR shares. 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 dropped their price target on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Longbow Research upgraded 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 Whirlpool from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $68.00 to $94.00 in a research report on Friday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $108.40.
Read Our Latest Stock Analysis on Whirlpool
About Whirlpool
(
Free Report)
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.
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