Regent Investment Management LLC Trims Stock Position in Whirlpool Co. (NYSE:WHR)

Regent Investment Management LLC lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 12.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,380 shares of the company’s stock after selling 500 shares during the quarter. Regent Investment Management LLC’s holdings in Whirlpool were worth $438,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. raised its position in Whirlpool by 0.4% in the 1st quarter. BlackRock Inc. now owns 4,612,060 shares of the company’s stock valued at $395,715,000 after purchasing an additional 16,445 shares during the last quarter. Bank of New York Mellon Corp raised its position in Whirlpool by 7.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,035,188 shares of the company’s stock valued at $88,818,000 after purchasing an additional 72,542 shares during the last quarter. Geode Capital Management LLC raised its position in Whirlpool by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 1,022,677 shares of the company’s stock valued at $87,580,000 after purchasing an additional 25,003 shares during the last quarter. ACR Alpine Capital Research LLC purchased a new stake in Whirlpool in the 1st quarter valued at $82,574,000. Finally, Massachusetts Financial Services Co. MA raised its position in Whirlpool by 3.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 687,684 shares of the company’s stock valued at $59,004,000 after purchasing an additional 23,911 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

WHR has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Whirlpool from $158.00 to $192.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “strong-buy” rating and set a $191.00 price objective on the stock in a research note on Tuesday. Bank of America boosted their price objective on shares of Whirlpool from $115.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Royal Bank of Canada reissued a “sell” rating and issued a $110.00 price objective on shares of Whirlpool in a research note on Monday, July 20th. Finally, Deutsche Bank upped their price target on shares of Whirlpool from $109.00 to $148.00 in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $157.67.

NYSE:WHR opened at $163.12 on Friday. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.98. The company has a current ratio of 0.98, a quick ratio of 0.71 and a debt-to-equity ratio of 1.43. The company’s 50-day moving average is $135.63 and its two-hundred day moving average is $125.10. Whirlpool Co. has a 12-month low of $64.00 and a 12-month high of $166.06.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 22nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $1.15. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.57 billion. Whirlpool had a net margin of 4.42% and a return on equity of 22.08%. During the same period in the prior year, the firm earned $4.01 EPS. On average, equities research analysts forecast that Whirlpool Co. will post 12.5 earnings per share for the current fiscal 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.

Featured Story: Differences Between Momentum Investing and Long Term Investing

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.