Whirlpool Corporation (NYSE:WHR) Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Whirlpool Corporation by 12.2%, acquiring a total of 254,259 shares valued at approximately $22.9 million.
• Whirlpool reported a loss in earnings per share of $1.34 for the last quarter, missing expectations of $1.54, with a revenue decrease of 5.4% year-over-year.
• Analysts have varied opinions on Whirlpool's stock, with target prices ranging from $63 to $145, reflecting a mix of underperform and buy ratings.

Russell Investments Group Ltd. lifted its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 12.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,259 shares of the company's stock after buying an additional 27,606 shares during the period. Russell Investments Group Ltd. owned approximately 0.46% of Whirlpool worth $22,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its stake in shares of Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after buying an additional 175 shares during the period. Cheviot Value Management LLC acquired a new stake in shares of Whirlpool during the first quarter worth $36,000. UMB Bank n.a. lifted its stake in shares of Whirlpool by 40.4% during the first 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. Anderson Financial Strategies LLC purchased a new position in shares of Whirlpool during the fourth quarter worth $54,000. Finally, GeoWealth Management LLC raised its holdings in shares of Whirlpool by 49.1% during the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company's stock worth $57,000 after purchasing an additional 163 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 0.8%

WHR opened at $88.32 on Friday. 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 company has a fifty day moving average of $94.38 and a two-hundred day moving average of $90.77. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of -33.33 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data 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 negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. During the same period in the previous year, the firm posted $2.39 EPS. The firm's quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Wall Street Analyst Weigh In

WHR has been the subject of several recent research reports. Bank of America reissued an "underperform" rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada reduced their target price on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a report on Monday, June 30th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Whirlpool currently has an average rating of "Hold" and a consensus price target of $98.83.

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.

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