Whirlpool Corp. (WHR) Sees Strong Trading Volume
Shares of Whirlpool Corp. (NYSE:WHR) saw unusually-strong trading volume on Monday . Approximately 1,310,153 shares were traded during trading, an increase of 35% from the previous session’s volume of 968,403 shares.The stock last traded at $178.02 and had previously closed at $175.51.
A number of research analysts have recently issued reports on WHR shares. Royal Bank Of Canada upped their price target on Whirlpool Corp. from $169.00 to $209.00 in a report on Tuesday, April 12th. Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. Zacks Investment Research upgraded Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price objective for the company in a research report on Wednesday, June 29th. Finally, MKM Partners upped their price objective on Whirlpool Corp. from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 1st. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $199.13.
The company has a market capitalization of $13.52 billion and a price-to-earnings ratio of 18.98. The company has a 50 day moving average price of $172.69 and a 200 day moving average price of $163.76.
Whirlpool Corp. (NYSE:WHR) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $2.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.68 by $0.05. During the same quarter in the previous year, the company earned $2.02 EPS. The firm earned $4.60 billion during the quarter, compared to analyst estimates of $4.69 billion. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that Whirlpool Corp. will post $14.70 EPS for the current year.
In other news, COO Marc R. Bitzer sold 4,257 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $175.00, for a total value of $744,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael D. White acquired 2,700 shares of the stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of $172.78 per share, with a total value of $466,506.00. The disclosure for this purchase can be found here.
Several hedge funds have bought and sold shares of WHR. Advantus Capital Management Inc boosted its stake in Whirlpool Corp. by 1.9% in the fourth quarter. Advantus Capital Management Inc now owns 7,518 shares of the company’s stock worth $1,104,000 after buying an additional 142 shares during the last quarter. Toronto Dominion Bank boosted its stake in Whirlpool Corp. by 9.1% in the fourth quarter. Toronto Dominion Bank now owns 8,117 shares of the company’s stock worth $1,195,000 after buying an additional 679 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Whirlpool Corp. by 95.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 9,075 shares of the company’s stock worth $1,333,000 after buying an additional 4,433 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Whirlpool Corp. by 5.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,390 shares of the company’s stock worth $1,526,000 after buying an additional 537 shares during the last quarter. Finally, Condor Capital Management boosted its stake in Whirlpool Corp. by 0.9% in the fourth quarter. Condor Capital Management now owns 11,074 shares of the company’s stock worth $1,626,000 after buying an additional 97 shares during the last quarter.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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