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 Whirlpool Corporation (NYSE:WHR - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,047,645 shares of the company's stock after buying an additional 13,038 shares during the quarter. HighTower Advisors LLC owned approximately 1.88% of Whirlpool worth $94,424,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Whirlpool by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after purchasing an additional 117,964 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Whirlpool by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock worth $4,022,000 after purchasing an additional 5,202 shares during the last quarter. CCM Investment Group LLC bought a new position in shares of Whirlpool in the first quarter worth about $628,000. Raymond James Financial Inc. bought a new position in shares of Whirlpool in the fourth quarter worth about $34,719,000. Finally, MADDEN SECURITIES Corp grew its holdings in Whirlpool by 44.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 11,665 shares of the company's stock worth $1,051,000 after acquiring an additional 3,595 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WHR shares. Loop Capital reiterated a "hold" rating and set a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Royal Bank Of Canada decreased their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Bank of America reissued an "underperform" rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $98.83.

Whirlpool Price Performance

Whirlpool stock traded down $0.69 during trading on Friday, reaching $88.32. The company had a trading volume of 983,481 shares, compared to its average volume of 2,305,055. The firm's 50-day simple moving average is $94.38 and its 200 day simple moving average is $90.50. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The firm has a market capitalization of $4.94 billion, a PE ratio of -33.33 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85.

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

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.