Teacher Retirement System of Texas cut its stake in Whirlpool Corporation (NYSE:WHR) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 315,278 shares of the company’s stock after selling 26 shares during the period. Teacher Retirement System of Texas owned about 0.43% of Whirlpool Corporation worth $60,414,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Global X Management Co. LLC boosted its stake in Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after buying an additional 246 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Whirlpool Corporation during the first quarter valued at about $196,000. LLBH Private Wealth Management LLC boosted its stake in Whirlpool Corporation by 0.4% in the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after buying an additional 5 shares during the last quarter. IBM Retirement Fund purchased a new stake in Whirlpool Corporation during the second quarter valued at about $205,000. Finally, Scout Investments Inc. purchased a new stake in Whirlpool Corporation during the first quarter valued at about $206,000. Institutional investors own 94.84% of the company’s stock.
Whirlpool Corporation (NYSE WHR) opened at 171.74 on Friday. The stock has a market capitalization of $12.53 billion, a price-to-earnings ratio of 17.19 and a beta of 1.79. The firm has a 50-day moving average of $187.02 and a 200-day moving average of $181.07. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by $0.19. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. Equities research analysts anticipate that Whirlpool Corporation will post $14.63 EPS for the current year.
Whirlpool Corporation announced that its board has approved a stock repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated a “top pick” rating and issued a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. BidaskClub cut Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group assumed coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective on the stock. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.69% of the stock is owned by corporate insiders.
Whirlpool Corporation Company Profile
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.
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