King Luther Capital Management Corp Takes $2.06 Million Position in Whirlpool Corporation (NYSE:WHR)

Key Points

• King Luther Capital Management Corp has acquired a new position in Whirlpool Corporation, purchasing 22,800 shares worth approximately $2,055,000.
• Whirlpool's stock has decreased by 1.7% recently, with a current market cap of $4.60 billion and a PE ratio of -31.04.
• Analysts have issued mixed ratings on Whirlpool's stock, with target prices ranging from $70.00 to $145.00, reflecting differing views on the company's financial outlook.

King Luther Capital Management Corp acquired a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,800 shares of the company's stock, valued at approximately $2,055,000.

Several other institutional investors have also recently made changes to their positions in WHR. Harvest Investment Advisors LLC lifted its stake in shares of Whirlpool by 23.2% in the first quarter. Harvest Investment Advisors LLC now owns 14,097 shares of the company's stock worth $1,271,000 after buying an additional 2,655 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Whirlpool by 3.6% in the first quarter. Invesco Ltd. now owns 222,415 shares of the company's stock worth $20,046,000 after buying an additional 7,711 shares in the last quarter. Lcnb Corp lifted its stake in shares of Whirlpool by 27.8% in the first quarter. Lcnb Corp now owns 5,105 shares of the company's stock worth $460,000 after buying an additional 1,110 shares in the last quarter. CenterBook Partners LP purchased a new position in shares of Whirlpool in the first quarter worth about $1,841,000. Finally, Keynote Financial Services LLC raised its stake in Whirlpool by 30.3% during the first quarter. Keynote Financial Services LLC now owns 7,027 shares of the company's stock worth $633,000 after purchasing an additional 1,634 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Monday, June 30th. Loop Capital reaffirmed a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, Royal Bank Of Canada dropped their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $98.83.

Whirlpool Stock Down 1.1%

Shares of WHR stock traded down $0.99 during trading on Thursday, reaching $89.22. The company's stock had a trading volume of 809,547 shares, compared to its average volume of 1,349,975. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of -33.67 and a beta of 1.17. The stock's 50-day moving average price is $94.28 and its 200 day moving average price is $91.07. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly 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 firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same quarter last year, the firm earned $2.39 EPS. The company's revenue was down 5.4% on a year-over-year basis. On average, research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current 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.