Edgestream Partners L.P. Purchases New Position in Whirlpool Corporation (NYSE:WHR)

Edgestream Partners L.P. purchased a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,502 shares of the company's stock, valued at approximately $586,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nemes Rush Group LLC grew its position in Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 121 shares during the period. TD Waterhouse Canada Inc. grew its position in Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. grew its position in Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after acquiring an additional 129 shares during the period. Manitou Investment Management Ltd. purchased a new position in Whirlpool in the first quarter worth approximately $50,000. Finally, Anderson Financial Strategies LLC purchased a new position in Whirlpool in the fourth quarter worth approximately $54,000. Institutional investors and hedge funds own 90.78% of the company's stock.

Analyst Ratings Changes

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

Whirlpool Price Performance

Shares of NYSE:WHR traded up $3.03 during trading on Wednesday, hitting $99.55. 1,433,242 shares of the stock were exchanged, compared to its average volume of 1,016,943. The company has a fifty day moving average price of $91.94 and a two-hundred day moving average price of $95.24. The company has a market cap of $5.54 billion, a PE ratio of 711.09 and a beta of 1.25. The company has a current ratio of 0.72, a quick ratio of 0.40 and a debt-to-equity ratio of 1.71. 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 issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. Whirlpool's revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. On average, analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current 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.