South Dakota Investment Council Decreases Position in Whirlpool Corporation (NYSE:WHR)

South Dakota Investment Council lowered its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,600 shares of the company's stock after selling 9,946 shares during the period. South Dakota Investment Council owned 0.18% of Whirlpool worth $9,067,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WHR. Nemes Rush Group LLC boosted its holdings in Whirlpool by 79.1% in the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after buying an additional 121 shares during the period. Bessemer Group Inc. boosted its holdings in Whirlpool by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 32,674 shares of the company's stock worth $3,740,000 after buying an additional 121 shares during the period. UMB Bank n.a. boosted its holdings in Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after buying an additional 129 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Whirlpool by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company's stock worth $2,663,000 after buying an additional 140 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Whirlpool by 3.7% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock worth $377,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America raised shares of Whirlpool from an "underperform" rating to a "neutral" rating and raised their price target for the company from $68.00 to $94.00 in a report on Friday, June 13th. JPMorgan Chase & Co. cut their price target 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. 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. Wall Street Zen raised shares of Whirlpool from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating for the company in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Whirlpool has a consensus rating of "Hold" and a consensus target price of $108.40.

Whirlpool Price Performance

WHR stock opened at $93.00 on Friday. The firm's 50-day moving average price is $91.19 and its two-hundred day moving average price is $95.50. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 664.29 and a beta of 1.25. The company has a current ratio of 0.72, a quick ratio of 0.40 and a debt-to-equity ratio of 1.71.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.03. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The company's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 EPS. As a group, equities analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current year.

About Whirlpool

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.

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.