Perigon Wealth Management LLC purchased a new position in Whirlpool Co. (NYSE:WHR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,777 shares of the company’s stock, valued at approximately $230,000.
A number of other hedge funds and other institutional investors have also modified their holdings of WHR. ACR Alpine Capital Research LLC acquired a new stake in shares of Whirlpool during the first quarter worth about $82,574,000. Norges Bank acquired a new stake in shares of Whirlpool during the fourth quarter worth about $97,260,000. Oppenheimer Asset Management Inc. lifted its holdings in Whirlpool by 5,674.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 287,242 shares of the company’s stock valued at $24,645,000 after acquiring an additional 282,268 shares during the period. Ziegler Capital Management LLC acquired a new position in Whirlpool in the first quarter valued at approximately $19,989,000. Finally, Nuveen Asset Management LLC increased its position in shares of Whirlpool by 34.6% in the first quarter. Nuveen Asset Management LLC now owns 500,366 shares of the company’s stock valued at $42,931,000 after buying an additional 128,645 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Credit Suisse Group boosted their price objective on Whirlpool from $103.00 to $128.00 and gave the company an “underperform” rating in a research report on Friday, July 24th. Bank of America boosted their price objective on Whirlpool from $115.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Longbow Research boosted their price objective on Whirlpool from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “strong-buy” rating and set a $191.00 price target for the company in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on Whirlpool from $158.00 to $192.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Two 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $157.67.
Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $1.15. Whirlpool had a return on equity of 22.08% and a net margin of 4.42%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the company posted $4.01 EPS. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.5 EPS for the current 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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