Foothills Asset Management Ltd. acquired a new position in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, Holdings Channel reports. The institutional investor acquired 13,315 shares of the company’s stock, valued at approximately $2,551,000. Whirlpool Corporation comprises approximately 2.0% of Foothills Asset Management Ltd.’s holdings, making the stock its 16th largest position.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kentucky Retirement Systems purchased a new position in Whirlpool Corporation during the fourth quarter worth about $991,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Whirlpool Corporation during the fourth quarter worth about $442,000. Macquarie Group Ltd. increased its position in Whirlpool Corporation by 72.0% in the fourth quarter. Macquarie Group Ltd. now owns 4,300 shares of the company’s stock worth $782,000 after buying an additional 1,800 shares in the last quarter. Lau Associates LLC purchased a new position in Whirlpool Corporation during the first quarter worth about $899,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in Whirlpool Corporation by 2.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 65,116 shares of the company’s stock worth $11,157,000 after buying an additional 1,631 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Whirlpool Corporation (NYSE:WHR) traded up 1.68% during mid-day trading on Monday, hitting $195.52. The stock had a trading volume of 1,125,581 shares. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company has a 50-day moving average of $187.92 and a 200-day moving average of $180.07. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 16.83 and a beta of 1.81.
Whirlpool Corporation (NYSE:WHR) last posted its earnings results on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.65 by $0.15. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.74 billion. Whirlpool Corporation had a net margin of 4.27% and a return on equity of 18.37%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $2.63 earnings per share. On average, analysts anticipate that Whirlpool Corporation will post $15.10 earnings per share for the current fiscal year.
A number of research firms recently issued reports on WHR. Royal Bank Of Canada restated a “top pick” rating and set a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Credit Suisse Group began coverage on Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. Finally, Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Whirlpool Corporation currently has a consensus rating of “Hold” and a consensus price target of $193.50.
In related news, insider Marc R. Bitzer sold 19,314 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total value of $3,550,685.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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).
What are top analysts saying about Whirlpool Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Whirlpool Corporation and related companies.