Sky Investment Group LLC Increases Stake in Whirlpool Co. (WHR)
Sky Investment Group LLC boosted its position in Whirlpool Co. (NYSE:WHR) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,984 shares of the company’s stock after acquiring an additional 794 shares during the period. Sky Investment Group LLC’s holdings in Whirlpool were worth $1,515,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Creative Planning boosted its holdings in Whirlpool by 32.5% in the fourth quarter. Creative Planning now owns 4,326 shares of the company’s stock valued at $729,000 after acquiring an additional 1,062 shares during the last quarter. National Pension Service boosted its holdings in Whirlpool by 3.4% in the fourth quarter. National Pension Service now owns 87,008 shares of the company’s stock valued at $14,673,000 after acquiring an additional 2,874 shares during the last quarter. Trinity Street Asset Management LLP boosted its holdings in Whirlpool by 11.8% in the fourth quarter. Trinity Street Asset Management LLP now owns 301,750 shares of the company’s stock valued at $50,887,000 after acquiring an additional 31,773 shares during the last quarter. Benson Investment Management Company Inc. bought a new position in Whirlpool in the fourth quarter valued at about $2,186,000. Finally, Greenhaven Associates Inc. boosted its holdings in Whirlpool by 4.2% in the fourth quarter. Greenhaven Associates Inc. now owns 2,875,555 shares of the company’s stock valued at $484,934,000 after acquiring an additional 115,880 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.
Shares of Whirlpool Co. (WHR) traded up $1.03 on Wednesday, reaching $169.98. The company’s stock had a trading volume of 260,784 shares, compared to its average volume of 753,918. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90. Whirlpool Co. has a 12-month low of $158.80 and a 12-month high of $202.99. The company has a market capitalization of $12,220.00, a PE ratio of 16.04, a P/E/G ratio of 1.55 and a beta of 1.87.
Whirlpool (NYSE:WHR) last issued its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the business posted $3.66 EPS. Whirlpool’s quarterly revenue was up 3.2% on a year-over-year basis. equities analysts expect that Whirlpool Co. will post 13.68 earnings per share for the current fiscal year.
WHR has been the topic of a number of recent analyst reports. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research cut Whirlpool from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Credit Suisse Group set a $187.00 target price on Whirlpool and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Royal Bank of Canada cut Whirlpool from a “top pick” rating to a “sector perform” rating and reduced their target price for the stock from $209.00 to $184.00 in a report on Tuesday, October 24th. Finally, Bank of America cut Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $183.60.
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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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