Whirlpool Corporation (NYSE:WHR) Shares Bought by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC has increased its stake in Whirlpool Corporation by 1.3%, now owning approximately 1.88% of the company, valued at $94.4 million.
• Whirlpool reported $1.34 earnings per share (EPS) for the last quarter, missing analyst expectations of $1.54, with a year-over-year revenue decline of 5.4%.
• Recent analyst ratings show a mix of outlooks for Whirlpool, with three sell ratings, two holds, and two buy ratings, alongside a consensus target price of $98.83.

HighTower Advisors LLC lifted its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,047,645 shares of the company's stock after acquiring an additional 13,038 shares during the period. HighTower Advisors LLC owned 1.88% of Whirlpool worth $94,424,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WHR. Cheviot Value Management LLC acquired a new stake in shares of Whirlpool during the first quarter valued at $36,000. TD Waterhouse Canada Inc. boosted its stake in Whirlpool by 120.7% in the 4th 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 last quarter. UMB Bank n.a. boosted its stake 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 last quarter. Manitou Investment Management Ltd. acquired a new stake in Whirlpool in the 1st quarter worth about $50,000. Finally, HHM Wealth Advisors LLC boosted its stake in Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock worth $50,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Analysts Set New Price Targets

WHR has been the topic of a number of research analyst reports. Loop Capital reissued a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a research note on Monday, August 4th. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. JPMorgan Chase & Co. dropped their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Royal Bank Of Canada dropped their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Three equities research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $98.83.

Whirlpool Stock Down 1.1%

WHR stock traded down $0.99 during midday trading on Thursday, hitting $89.22. 809,547 shares of the company's stock were exchanged, compared to its average volume of 2,342,703. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The firm has a 50 day moving average price of $94.28 and a 200-day moving average price of $91.07. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of -33.67 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last issued its 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). The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%. Whirlpool's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS. On average, analysts anticipate that Whirlpool Corporation will post 9.52 EPS 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.