Capstone Investment Advisors LLC acquired a new stake in shares of Whirlpool Corporation (NYSE:WHR – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 32,318 shares of the company’s stock, valued at approximately $1,274,000.
Several other institutional investors have also added to or reduced their stakes in WHR. EverSource Wealth Advisors LLC lifted its position in shares of Whirlpool by 129.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after purchasing an additional 208 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Whirlpool by 172.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after buying an additional 246 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Whirlpool in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. raised its stake in Whirlpool by 113.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after buying an additional 280 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Whirlpool by 1,444.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 556 shares of the company’s stock worth $44,000 after buying an additional 520 shares during the period. 90.78% of the stock is currently owned by institutional investors.
Whirlpool Price Performance
Shares of WHR opened at $39.89 on Friday. Whirlpool Corporation has a fifty-two week low of $35.45 and a fifty-two week high of $96.57. The firm’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $49.89. The stock has a market cap of $2.60 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 17.84 and a beta of 1.16. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15.
Wall Street Analyst Weigh In
Several analysts have weighed in on WHR shares. Royal Bank Of Canada lifted their price objective on Whirlpool from $30.00 to $32.00 and gave the company an “underperform” rating in a research report on Wednesday, August 5th. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a research report on Wednesday, August 19th. Citigroup reaffirmed a “neutral” rating on shares of Whirlpool in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, August 5th. Finally, Mizuho lowered their price objective on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $46.33.
View Our Latest Research Report on Whirlpool
Whirlpool 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.
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