AMF Pensionsforsakring AB held its position in Whirlpool Co. (NYSE:WHR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,995 shares of the company’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned 0.32% of Whirlpool worth $40,433,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in WHR. Manning & Napier Advisors LLC acquired a new stake in Whirlpool during the second quarter worth approximately $2,776,000. Trinity Street Asset Management LLP increased its position in Whirlpool by 4.7% in the second quarter. Trinity Street Asset Management LLP now owns 235,721 shares of the company’s stock worth $45,168,000 after buying an additional 10,667 shares during the last quarter. BB&T Corp increased its position in Whirlpool by 1.6% in the second quarter. BB&T Corp now owns 6,467 shares of the company’s stock worth $1,239,000 after buying an additional 100 shares during the last quarter. Bollard Group LLC increased its position in Whirlpool by 0.6% in the second quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after buying an additional 12 shares during the last quarter. Finally, Round Table Services LLC purchased a new position in Whirlpool during the second quarter worth about $268,000. 94.84% of the stock is currently owned by institutional investors.
Whirlpool Co. (NYSE:WHR) opened at 171.24 on Friday. The stock has a 50 day moving average price of $186.34 and a 200-day moving average price of $180.96. The firm has a market capitalization of $12.50 billion, a P/E ratio of 17.14 and a beta of 1.79. Whirlpool Co. has a 52 week low of $145.91 and a 52 week high of $202.99.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.54 by $0.19. Whirlpool had a net margin of 3.35% and a return on equity of 15.88%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the prior year, the business posted $3.50 earnings per share. Whirlpool’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts anticipate that Whirlpool Co. will post $14.63 EPS for the current fiscal year.
Whirlpool announced that its Board of Directors has authorized a stock buyback plan on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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A number of research analysts have weighed in on WHR shares. Zacks Investment Research downgraded Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Credit Suisse Group started coverage on Whirlpool in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and set a $216.00 price target on shares of Whirlpool in a report on Friday, June 2nd. Finally, BidaskClub cut Whirlpool from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $194.71.
In other news, Director William D. Perez bought 1,000 shares of the stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.69% of the stock is currently owned by company insiders.
Whirlpool 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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