Whirlpool Corporation (NYSE:WHR) Position Cut by Barnett & Company Inc.
Barnett & Company Inc. lowered its position in shares of Whirlpool Corporation (NYSE:WHR) by 12.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 700 shares of the company’s stock after selling 100 shares during the period. Barnett & Company Inc.’s holdings in Whirlpool Corporation were worth $134,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of WHR. Global X Management Co. LLC boosted its position in Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after buying an additional 246 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Whirlpool Corporation during the first quarter worth about $196,000. LLBH Private Wealth Management LLC boosted its position 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 worth $202,000 after buying an additional 5 shares during the last quarter. IBM Retirement Fund acquired a new position in Whirlpool Corporation during the second quarter worth about $205,000. Finally, Scout Investments Inc. acquired a new position in Whirlpool Corporation during the first quarter worth about $206,000. Institutional investors own 94.84% of the company’s stock.
Whirlpool Corporation (WHR) opened at 177.82 on Monday. The stock has a 50 day moving average price of $190.84 and a 200 day moving average price of $181.45. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 17.80 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last released its earnings results 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. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $3.50 earnings per share. On average, equities analysts expect that Whirlpool Corporation will post $14.63 earnings per share for the current year.
Whirlpool Corporation declared that its board has initiated a share buyback plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes 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 management believes its stock is undervalued.
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Several equities research analysts have weighed in 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 target price (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 target price for the company. Six investment 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 company has an average rating of “Hold” and a consensus price target of $194.71.
In related news, Director William D. Perez bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the acquisition, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc R. Bitzer sold 19,314 shares of Whirlpool Corporation stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total value of $3,550,685.76. The disclosure for this sale can be found here. Company insiders own 2.69% of the company’s stock.
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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