Whirlpool Co. (NYSE:WHR) Stake Lessened by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,057 shares of the company’s stock after selling 6,155 shares during the period. Whirlpool comprises approximately 1.5% of Gilman Hill Asset Management LLC’s holdings, making the stock its 13th biggest position. Gilman Hill Asset Management LLC owned 0.14% of Whirlpool worth $8,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its stake in Whirlpool by 1.4% during the third quarter. Stifel Financial Corp now owns 440,175 shares of the company’s stock worth $47,099,000 after purchasing an additional 6,049 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Whirlpool by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company’s stock valued at $110,567,000 after buying an additional 18,936 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Whirlpool by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after buying an additional 258,871 shares during the period. State Street Corp raised its stake in Whirlpool by 1.0% during the third quarter. State Street Corp now owns 1,650,386 shares of the company’s stock worth $176,591,000 after acquiring an additional 15,752 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in Whirlpool by 41.5% in the second quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company’s stock worth $4,421,000 after acquiring an additional 12,697 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

WHR has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Bank of America lifted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. StockNews.com cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their target price on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and an average price target of $112.80.

Insider Activity at Whirlpool

In other news, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares in the company, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.05% of the stock is currently owned by insiders.

Whirlpool Trading Up 0.9 %

Shares of NYSE:WHR opened at $130.07 on Monday. The stock’s 50-day moving average is $116.05 and its 200-day moving average is $106.86. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $130.85. The company has a market cap of $7.17 billion, a P/E ratio of 12.83 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business posted $5.45 EPS. The business’s quarterly revenue was down 18.9% on a year-over-year basis. Equities research analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current year.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.