Pillar Pacific Capital Management LLC boosted its position in shares of Whirlpool Co. (NYSE:WHR) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 were worth $3,927,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LLBH Private Wealth Management LLC raised its stake in shares of Whirlpool by 0.4% in the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock worth $202,000 after buying an additional 5 shares in the last quarter. Bollard Group LLC raised its stake in shares of Whirlpool by 0.6% in the first quarter. Bollard Group LLC now owns 2,158 shares of the company’s stock worth $370,000 after buying an additional 12 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Whirlpool by 0.5% in the second quarter. Orrstown Financial Services Inc. now owns 4,580 shares of the company’s stock worth $878,000 after buying an additional 24 shares in the last quarter. Amalgamated Bank increased its stake in Whirlpool by 0.6% in the first quarter. Amalgamated Bank now owns 5,267 shares of the company’s stock worth $902,000 after buying an additional 32 shares during the last quarter. Finally, Smith Moore & CO. increased its stake in Whirlpool by 1.0% in the first quarter. Smith Moore & CO. now owns 3,332 shares of the company’s stock worth $571,000 after buying an additional 34 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Co. (NYSE:WHR) traded down 0.29% during midday trading on Friday, hitting $171.24. 611,032 shares of the stock were exchanged. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 17.14 and a beta of 1.79. Whirlpool Co. has a one year low of $145.91 and a one year high of $202.99. The company has a 50 day moving average price of $186.34 and a 200 day moving average price of $180.96.
Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.54 by $0.19. Whirlpool had a net margin of 3.35% and a return on equity of 15.88%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business posted $3.50 earnings per share. Whirlpool’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Whirlpool Co. will post $14.63 EPS for the current year.
Whirlpool declared that its board has approved a share buyback program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in shares. This buyback authorization authorizes the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of research firms recently commented on WHR. Royal Bank Of Canada reiterated a “top pick” rating and issued a $216.00 target price (down from $226.00) on shares of Whirlpool in a report on Tuesday, June 20th. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. BidaskClub downgraded shares of Whirlpool from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on shares of Whirlpool in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price on the stock. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of Whirlpool stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.69% of the company’s stock.
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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