Meeder Asset Management Inc. Trims Position in Whirlpool Corporation (NYSE:WHR)

Meeder Asset Management Inc. lessened its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 76.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,752 shares of the company's stock after selling 5,789 shares during the period. Meeder Asset Management Inc.'s holdings in Whirlpool were worth $158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WHR. Norges Bank purchased a new position in shares of Whirlpool during the fourth quarter valued at approximately $73,468,000. Pictet Asset Management Holding SA raised its holdings in shares of Whirlpool by 2.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 10,769 shares of the company's stock valued at $1,233,000 after purchasing an additional 254 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Whirlpool by 23.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 7,375 shares of the company's stock valued at $844,000 after purchasing an additional 1,420 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Whirlpool by 18.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,045 shares of the company's stock valued at $349,000 after purchasing an additional 472 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Whirlpool by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 78,427 shares of the company's stock valued at $8,978,000 after purchasing an additional 2,712 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

WHR stock traded down $0.31 during midday trading on Friday, reaching $82.73. 2,335,287 shares of the company's stock traded hands, compared to its average volume of 2,238,022. Whirlpool Corporation has a 52-week low of $73.72 and a 52-week high of $135.49. The stock has a market cap of $4.62 billion, a P/E ratio of -31.22 and a beta of 1.17. The company has a current ratio of 0.85, a quick ratio of 0.40 and a debt-to-equity ratio of 2.39. The stock's 50-day moving average is $93.18 and its 200 day moving average is $94.23.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same period in the prior year, the company posted $2.39 earnings per share. The firm's quarterly revenue was down 5.4% on a year-over-year basis. As a group, analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current year.

Analyst Ratings Changes

WHR has been the subject of several research reports. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a report on Monday, June 30th. Bank of America reissued an "underperform" rating and set a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Whirlpool currently has an average rating of "Hold" and a consensus target price of $101.00.

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.