Pillar Pacific Capital Management LLC raised its stake in shares of Whirlpool Corporation (NYSE:WHR) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,491 shares of the company’s stock after buying an additional 870 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Whirlpool Corporation were worth $3,927,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Kentucky Retirement Systems acquired a new stake in shares of Whirlpool Corporation during the fourth quarter valued at $991,000. Capstone Asset Management Co. raised its stake in shares of Whirlpool Corporation by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock valued at $1,570,000 after buying an additional 678 shares during the period. National Pension Service raised its stake in shares of Whirlpool Corporation by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock valued at $12,514,000 after buying an additional 7,307 shares during the period. KCG Holdings Inc. acquired a new stake in shares of Whirlpool Corporation during the first quarter valued at $1,312,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Whirlpool Corporation by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock valued at $22,052,000 after buying an additional 3,010 shares during the period. Institutional investors and hedge funds own 93.82% of the company’s stock.
Whirlpool Corporation (NYSE WHR) opened at 176.48 on Wednesday. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 17.66 and a beta of 1.79. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The firm has a 50-day moving average of $190.84 and a 200-day moving average of $181.45.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. On average, equities research analysts forecast that Whirlpool Corporation will post $15.01 EPS for the current fiscal year.
Whirlpool Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that permits the company to buyback $2.35 billion in outstanding shares. This buyback authorization permits the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
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Several analysts have recently weighed in on WHR shares. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $216.00 target price on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $194.71.
In other Whirlpool Corporation news, insider Marc R. Bitzer sold 19,314 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total transaction of $3,550,685.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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