Nissay Asset Management Corp Japan ADV boosted its position in Whirlpool Co. (NYSE:WHR) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,240 shares of the company’s stock after buying an additional 994 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Whirlpool were worth $938,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its position in Whirlpool by 44.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 243 shares of the company’s stock worth $31,000 after purchasing an additional 75 shares during the last quarter. Cordasco Financial Network bought a new position in Whirlpool during the 2nd quarter valued at about $40,000. Synovus Financial Corp lifted its holdings in Whirlpool by 262.9% during the 1st quarter. Synovus Financial Corp now owns 508 shares of the company’s stock valued at $44,000 after purchasing an additional 368 shares during the last quarter. Capital Square LLC bought a new position in Whirlpool during the 1st quarter valued at about $51,000. Finally, Pearl River Capital LLC bought a new position in Whirlpool during the 1st quarter valued at about $62,000. Institutional investors and hedge funds own 97.70% of the company’s stock.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “strong-buy” rating and set a $191.00 price target for the company in a report on Tuesday, July 28th. Credit Suisse Group boosted their target price on shares of Whirlpool from $103.00 to $128.00 and gave the stock an “underperform” rating in a research note on Friday, July 24th. Deutsche Bank boosted their target price on shares of Whirlpool from $109.00 to $148.00 in a research note on Friday, July 24th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $110.00 target price on shares of Whirlpool in a research note on Monday, July 20th. Finally, Bank of America boosted their target price on shares of Whirlpool from $115.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $157.67.
Shares of NYSE:WHR opened at $163.12 on Friday. Whirlpool Co. has a one year low of $64.00 and a one year high of $166.06. The company has a 50 day moving average of $135.63 and a 200-day moving average of $125.10. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.98 and a quick ratio of 0.71. The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.78 and a beta of 1.98.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.00 by $1.15. Whirlpool had a net margin of 4.42% and a return on equity of 22.08%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the company earned $4.01 EPS. Equities research analysts anticipate that Whirlpool Co. will post 12.5 earnings per share for the current year.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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