Groesbeck Investment Management Corp NJ lowered its stake in Whirlpool Co. (NYSE:WHR) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,718 shares of the company’s stock after selling 118 shares during the quarter. Whirlpool comprises about 2.0% of Groesbeck Investment Management Corp NJ’s portfolio, making the stock its 16th biggest holding. Groesbeck Investment Management Corp NJ’s holdings in Whirlpool were worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Financial Advocates Investment Management lifted its holdings in Whirlpool by 217.4% in the fourth quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. SevenBridge Financial Group LLC lifted its holdings in Whirlpool by 248.1% in the second quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock worth $27,000 after purchasing an additional 134 shares during the period. Truvestments Capital LLC acquired a new stake in Whirlpool in the first quarter worth about $28,000. Penserra Capital Management LLC acquired a new stake in Whirlpool in the first quarter worth about $27,000. Finally, Trustcore Financial Services LLC lifted its holdings in Whirlpool by 45.9% in the second quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock worth $38,000 after purchasing an additional 83 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the stock. Buckingham Research upped their price objective on shares of Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price target for the company in a report on Friday, May 10th. ValuEngine downgraded shares of Whirlpool from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. TheStreet raised shares of Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. Finally, Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $140.09.
In other news, CFO James W. Peters sold 650 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.51, for a total value of $95,231.50. Following the transaction, the chief financial officer now owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.
NYSE WHR traded up $2.18 on Tuesday, hitting $135.34. 295,059 shares of the company were exchanged, compared to its average volume of 913,001. The company’s 50 day moving average price is $143.90. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.65 and a beta of 1.83. Whirlpool Co. has a twelve month low of $99.40 and a twelve month high of $152.50.
Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.21. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.20 EPS. Equities research analysts expect that Whirlpool Co. will post 15.15 earnings per share for the current fiscal year.
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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