Tred Avon Family Wealth LLC Invests $530,000 in Whirlpool Corporation $WHR

Tred Avon Family Wealth LLC acquired a new stake in shares of Whirlpool Corporation (NYSE:WHR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,747 shares of the company’s stock, valued at approximately $530,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of Whirlpool by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock worth $1,338,000 after purchasing an additional 109 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Whirlpool by 22.9% in the 2nd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $80,000 after buying an additional 146 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Whirlpool by 3.0% in the second quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock worth $522,000 after buying an additional 150 shares during the last quarter. Creative Planning raised its position in Whirlpool by 1.6% during the second quarter. Creative Planning now owns 9,776 shares of the company’s stock valued at $992,000 after acquiring an additional 157 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in Whirlpool by 6.3% in the third quarter. Fulton Bank N.A. now owns 2,800 shares of the company’s stock valued at $220,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WHR. Stifel Nicolaus dropped their price target on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th. Zacks Research raised Whirlpool from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group decreased their price target on Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.43.

Whirlpool Stock Performance

Shares of WHR opened at $87.17 on Monday. The company has a market capitalization of $4.89 billion, a PE ratio of -25.94 and a beta of 1.24. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.47. Whirlpool Corporation has a one year low of $65.35 and a one year high of $135.49. The company’s fifty day moving average price is $75.58 and its 200 day moving average price is $82.45.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.68. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.43 earnings per share. As a group, analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.