Canada Pension Plan Investment Board decreased its position in shares of Whirlpool Corporation (NYSE:WHR) by 22.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,810 shares of the company’s stock after selling 28,900 shares during the period. Canada Pension Plan Investment Board owned approximately 0.14% of Whirlpool Corporation worth $19,126,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Bollard Group LLC raised its stake in Whirlpool Corporation 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. Granite Investment Advisors LLC raised its stake in Whirlpool Corporation by 15.9% in the first quarter. Granite Investment Advisors LLC now owns 29,947 shares of the company’s stock worth $5,131,000 after buying an additional 4,109 shares in the last quarter. Quantitative Systematic Strategies LLC raised its stake in Whirlpool Corporation by 28.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 12,309 shares of the company’s stock worth $2,109,000 after buying an additional 2,729 shares in the last quarter. Patten & Patten Inc. TN purchased a new stake in Whirlpool Corporation during the first quarter worth approximately $2,498,000. Finally, Telemus Capital LLC raised its stake in Whirlpool Corporation by 46.1% in the first quarter. Telemus Capital LLC now owns 4,792 shares of the company’s stock worth $821,000 after buying an additional 1,512 shares in the last quarter. 94.26% of the stock is owned by institutional investors.
Whirlpool Corporation (NYSE WHR) opened at 173.65 on Tuesday. The firm has a market cap of $12.67 billion, a P/E ratio of 17.38 and a beta of 1.79. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The stock has a 50 day moving average price of $185.91 and a 200-day moving average price of $180.83.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the firm earned $3.50 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts predict that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
Whirlpool Corporation declared that its board has authorized a stock buyback plan on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 16.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of research firms have commented on WHR. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $194.71.
In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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