Foothills Asset Management Ltd. purchased a new stake in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,315 shares of the company’s stock, valued at approximately $2,551,000. Whirlpool Corporation comprises 2.0% of Foothills Asset Management Ltd.’s holdings, making the stock its 16th largest position.
A number of other large investors have also recently bought and sold shares of the company. Kentucky Retirement Systems purchased a new stake in Whirlpool Corporation during the fourth quarter valued at approximately $991,000. Capstone Asset Management Co. raised its stake in Whirlpool Corporation by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock valued at $1,570,000 after buying an additional 678 shares during the period. National Pension Service raised its stake in Whirlpool Corporation by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock valued at $12,514,000 after buying an additional 7,307 shares during the period. KCG Holdings Inc. purchased a new stake in Whirlpool Corporation during the first quarter valued at approximately $1,312,000. Finally, Canada Pension Plan Investment Board raised its stake in Whirlpool Corporation by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock valued at $22,052,000 after buying an additional 3,010 shares during the period. Institutional investors own 94.84% of the company’s stock.
Shares of Whirlpool Corporation (WHR) opened at 171.24 on Friday. The stock’s 50 day moving average is $186.34 and its 200-day moving average is $180.96. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The firm has a market capitalization of $12.50 billion, a P/E ratio of 17.14 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Whirlpool Corporation’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has initiated 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 reacquire up to 16.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
A number of research analysts recently commented on the company. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price objective (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Whirlpool Corporation has an average rating of “Hold” and an average 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 bought at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.
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