Brandywine Global Investment Management LLC lowered its holdings in Whirlpool Corporation (NYSE:WHR – Free Report) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 380,676 shares of the company’s stock after selling 95,108 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Whirlpool were worth $27,462,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of Whirlpool by 96.0% in the 4th quarter. SG Americas Securities LLC now owns 101,907 shares of the company’s stock valued at $7,352,000 after buying an additional 49,903 shares in the last quarter. Causeway Capital Management LLC increased its position in Whirlpool by 42.3% during the 3rd quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock worth $48,499,000 after purchasing an additional 183,496 shares in the last quarter. M&T Bank Corp increased its position in Whirlpool by 973.9% during the 4th quarter. M&T Bank Corp now owns 29,962 shares of the company’s stock worth $2,161,000 after purchasing an additional 27,172 shares in the last quarter. Russell Investments Group Ltd. increased its position in Whirlpool by 34.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 401,640 shares of the company’s stock worth $31,569,000 after purchasing an additional 101,962 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Whirlpool during the 3rd quarter worth approximately $894,000. Institutional investors own 90.78% of the company’s stock.
Whirlpool Trading Up 0.3%
WHR opened at $39.59 on Tuesday. Whirlpool Corporation has a fifty-two week low of $38.38 and a fifty-two week high of $111.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.48. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 15.58 and a beta of 1.15. The company’s 50 day moving average price is $49.17 and its two-hundred day moving average price is $65.95.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on WHR. Stifel Nicolaus set a $55.00 price objective on shares of Whirlpool in a research report on Monday, May 4th. Royal Bank Of Canada lowered their price objective on shares of Whirlpool from $37.00 to $32.00 and set an “underperform” rating for the company in a research report on Friday, May 8th. Zacks Research cut shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 10th. Bank of America lowered their price objective on shares of Whirlpool from $60.00 to $50.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Finally, BNP Paribas Exane upgraded shares of Whirlpool to a “neutral” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Whirlpool presently has an average rating of “Reduce” and a consensus target price of $68.89.
View Our Latest Stock Report on Whirlpool
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.
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