Greatmark Investment Partners Inc. boosted its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 12.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,275 shares of the company's stock after acquiring an additional 7,080 shares during the period. Greatmark Investment Partners Inc. owned 0.11% of Whirlpool worth $5,703,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of Whirlpool by 190.7% during the fourth quarter. Jones Financial Companies Lllp now owns 657 shares of the company's stock valued at $75,000 after purchasing an additional 431 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Whirlpool by 3.4% in the fourth quarter. Victory Capital Management Inc. now owns 11,263 shares of the company's stock worth $1,289,000 after purchasing an additional 373 shares in the last quarter. Atria Investments Inc increased its holdings in Whirlpool by 15.9% in the fourth quarter. Atria Investments Inc now owns 5,499 shares of the company's stock worth $629,000 after purchasing an additional 756 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Whirlpool in the fourth quarter worth approximately $1,953,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Whirlpool by 22.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,576 shares of the company's stock valued at $1,669,000 after acquiring an additional 2,686 shares in the last quarter. Institutional investors own 90.78% of the company's stock.
Wall Street Analyst Weigh In
WHR has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Royal Bank Of Canada decreased their price target on Whirlpool from $81.00 to $65.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a report on Monday, June 30th. Bank of America upgraded Whirlpool from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $68.00 to $94.00 in a report on Friday, June 13th. Finally, Wall Street Zen raised Whirlpool from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. 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, the company presently has an average rating of "Hold" and an average target price of $108.40.
View Our Latest Stock Analysis on WHR
Whirlpool Stock Performance
Shares of NYSE WHR traded down $4.84 during mid-day trading on Wednesday, reaching $96.10. 2,053,623 shares of the company's stock were exchanged, compared to its average volume of 1,014,969. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 686.41 and a beta of 1.25. Whirlpool Corporation has a 52 week low of $73.72 and a 52 week high of $135.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.72 and a quick ratio of 0.40. The firm has a 50-day moving average price of $90.20 and a two-hundred day moving average price of $95.90.
Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.03. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business's revenue for the quarter was down 19.4% compared to the same quarter last year. Analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.
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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