Nuveen LLC Takes Position in Whirlpool Corporation (NYSE:WHR)

Key Points

• Nuveen LLC has acquired a new position in Whirlpool Corporation, purchasing 914,915 shares valued at approximately $82.46 million, representing about 1.65% of the company's stock.
• Whirlpool's recent earnings report showed earnings per share of $1.34, falling short of analysts' estimates of $1.54, alongside a 5.4% decline in quarterly revenue compared to the previous year.
• Wall Street analysts have mixed views on Whirlpool, with recent ratings ranging from a buy to a sell, and a consensus target price of $98.83 for the stock.

Nuveen LLC bought a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 914,915 shares of the company's stock, valued at approximately $82,461,000. Nuveen LLC owned about 1.65% of Whirlpool at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WHR. Invesco Ltd. boosted its holdings in shares of Whirlpool by 1.9% in the 4th quarter. Invesco Ltd. now owns 214,704 shares of the company's stock valued at $24,579,000 after buying an additional 3,930 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Whirlpool by 367.0% during the fourth quarter. Renaissance Technologies LLC now owns 72,657 shares of the company's stock worth $8,318,000 after buying an additional 57,100 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Whirlpool during the fourth quarter worth $34,719,000. Treasurer of the State of North Carolina lifted its stake in Whirlpool by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company's stock valued at $2,663,000 after acquiring an additional 140 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Whirlpool by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,161 shares of the company's stock worth $362,000 after purchasing an additional 1,144 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

WHR opened at $90.23 on Thursday. 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 business has a fifty day simple moving average of $94.14 and a 200 day simple moving average of $91.37. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a market capitalization of $5.04 billion, a PE ratio of -34.05 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the prior year, the business posted $2.39 EPS. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. Research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WHR. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. JPMorgan Chase & Co. reduced their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Bank of America reaffirmed an "underperform" rating and set a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, Loop Capital reaffirmed a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Whirlpool presently has a consensus rating of "Hold" and a consensus target price of $98.83.

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.

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