BB&T Securities LLC grew its stake in shares of Whirlpool Co. (NYSE:WHR) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,725 shares of the company’s stock after acquiring an additional 7,265 shares during the period. BB&T Securities LLC’s holdings in Whirlpool were worth $2,321,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Primecap Management Co. CA lifted its holdings in shares of Whirlpool by 36.1% during the third quarter. Primecap Management Co. CA now owns 7,650,140 shares of the company’s stock worth $908,454,000 after purchasing an additional 2,030,902 shares during the period. LSV Asset Management lifted its stake in Whirlpool by 15.2% in the 3rd quarter. LSV Asset Management now owns 2,187,560 shares of the company’s stock worth $259,772,000 after purchasing an additional 288,480 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in Whirlpool in the 3rd quarter worth approximately $28,922,000. Manitou Investment Management Ltd. bought a new position in shares of Whirlpool in the 3rd quarter worth $25,515,000. Finally, Morgan Stanley increased its holdings in shares of Whirlpool by 83.7% in the 3rd quarter. Morgan Stanley now owns 408,751 shares of the company’s stock worth $48,540,000 after buying an additional 186,273 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.
In related news, Director Michael F. Johnston sold 2,845 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $133.54, for a total value of $379,921.30. Following the completion of the sale, the director now directly owns 6,550 shares in the company, valued at $874,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.83% of the company’s stock.
Several equities research analysts have recently commented on the stock. Credit Suisse Group set a $125.00 target price on shares of Whirlpool and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Royal Bank of Canada set a $111.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research report on Friday, October 26th. Raymond James downgraded shares of Whirlpool from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Finally, Buckingham Research began coverage on shares of Whirlpool in a research report on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $146.40.
Shares of WHR stock opened at $137.95 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.55. The company has a market capitalization of $8.71 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.88 and a beta of 1.63. Whirlpool Co. has a 1 year low of $99.40 and a 1 year high of $180.00.
Whirlpool (NYSE:WHR) last announced its earnings results on Monday, January 28th. The company reported $4.75 EPS for the quarter, beating the Zacks’ consensus estimate of $4.30 by $0.45. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. The firm’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $4.10 earnings per share. As a group, analysts predict that Whirlpool Co. will post 14.66 earnings per share for the current year.
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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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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