Headlands Technologies LLC Takes $304,000 Position in Whirlpool Corporation (NYSE:WHR)

Key Points

• Headlands Technologies LLC acquired 3,374 shares of Whirlpool Corporation during the first quarter, valued at approximately $304,000, highlighting continued institutional interest in the company.
• Analyst ratings on Whirlpool stock vary, with a consensus rating of "Hold" and an average price target of $98.83, while some firms have indicated lower price projections.
• Whirlpool reported earnings per share of $1.34 for the latest quarter, missing analysts' expectations of $1.54, and reported a 5.4% year-over-year decline in revenue.

Headlands Technologies LLC bought a new position in Whirlpool Corporation (NYSE:WHR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,374 shares of the company's stock, valued at approximately $304,000.

Several other institutional investors have also recently made changes to their positions in WHR. Charles Schwab Investment Management Inc. raised its stake in Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock valued at $201,529,000 after purchasing an additional 117,964 shares during the period. FMR LLC increased its position in shares of Whirlpool by 57.3% during the 4th quarter. FMR LLC now owns 1,808,744 shares of the company's stock valued at $207,065,000 after purchasing an additional 659,014 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 19.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company's stock valued at $157,205,000 after acquiring an additional 224,990 shares during the period. Nuveen Asset Management LLC boosted its holdings in Whirlpool by 19.8% during 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 period. Finally, Marshall Wace LLP boosted its holdings in Whirlpool by 6.4% during the 4th quarter. Marshall Wace LLP now owns 575,703 shares of the company's stock valued at $65,906,000 after acquiring an additional 34,649 shares during the period. Institutional investors own 90.78% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on WHR shares. JPMorgan Chase & Co. decreased their price objective 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 reduced their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research report on Wednesday, July 30th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Monday, June 30th. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Loop Capital set a $88.00 target price on Whirlpool and gave the stock a "hold" rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $98.83.

Whirlpool Trading Down 1.7%

Shares of NYSE WHR traded down $1.44 during trading on Monday, reaching $82.27. The stock had a trading volume of 1,236,930 shares, compared to its average volume of 2,406,981. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The business's 50-day moving average price is $93.89 and its 200-day moving average price is $91.42. The company has a market cap of $4.60 billion, a P/E ratio of -31.04 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the firm earned $2.39 earnings per share. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts predict that Whirlpool Corporation will post 9.52 EPS 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.