FineMark National Bank & Trust cut its position in Whirlpool Corporation (NYSE:WHR) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,203 shares of the company’s stock after selling 62 shares during the period. FineMark National Bank & Trust’s holdings in Whirlpool Corporation were worth $231,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares during the period. Levin Capital Strategies L.P. acquired a new position in Whirlpool Corporation during the first quarter valued at $113,386,000. Findlay Park Partners LLP increased its position in Whirlpool Corporation by 333.3% in the first quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock valued at $111,365,000 after buying an additional 500,000 shares during the last quarter. SG Americas Securities LLC increased its position in Whirlpool Corporation by 105.1% in the first quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock valued at $3,864,000 after buying an additional 464,224 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Whirlpool Corporation by 17.2% in the first quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock valued at $306,280,000 after buying an additional 262,246 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.
Whirlpool Corporation (NYSE WHR) opened at 171.24 on Friday. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The firm has a 50 day moving average of $186.34 and a 200-day moving average of $180.96. The stock has a market capitalization of $12.50 billion, a PE ratio of 17.14 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Zacks’ 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%. Whirlpool Corporation’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $3.50 earnings per share. On average, equities analysts predict that Whirlpool Corporation will post $14.63 EPS for the current year.
Whirlpool Corporation announced that its Board of Directors has approved a share buyback plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
WHR has been the topic of several recent research reports. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six 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. The stock presently has an average rating of “Hold” and a consensus price target of $194.71.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of Whirlpool Corporation stock in a transaction dated Monday, July 31st. The stock was 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 can be accessed through this hyperlink. 2.69% of the stock is owned by corporate insiders.
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.
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.