Private Portfolio Partners LLC Makes New $331,000 Investment in Whirlpool Co. (NYSE:WHR)

Private Portfolio Partners LLC purchased a new position in shares of Whirlpool Co. (NYSE:WHR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,766 shares of the company’s stock, valued at approximately $331,000.

Several other hedge funds have also made changes to their positions in WHR. Vanguard Group Inc. raised its holdings in Whirlpool by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company’s stock valued at $873,919,000 after acquiring an additional 25,740 shares in the last quarter. Kwmg LLC grew its position in Whirlpool by 6.9% in the 4th quarter. Kwmg LLC now owns 31,687 shares of the company’s stock valued at $3,859,000 after buying an additional 2,053 shares during the last quarter. Rockland Trust Co. grew its position in Whirlpool by 23.2% in the 4th quarter. Rockland Trust Co. now owns 7,166 shares of the company’s stock valued at $873,000 after buying an additional 1,351 shares during the last quarter. HBW Advisory Services LLC lifted its holdings in Whirlpool by 4.5% in the fourth quarter. HBW Advisory Services LLC now owns 15,032 shares of the company’s stock valued at $1,831,000 after acquiring an additional 642 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Whirlpool by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 162,623 shares of the company’s stock valued at $19,803,000 after acquiring an additional 641 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Trading Up 0.5 %

WHR traded up $0.51 during midday trading on Friday, hitting $105.71. The company’s stock had a trading volume of 743,726 shares, compared to its average volume of 1,387,152. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. The firm has a market cap of $5.78 billion, a P/E ratio of 14.49 and a beta of 1.44. The firm has a 50-day moving average price of $95.10 and a two-hundred day moving average price of $104.51. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $153.15.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.61 by $0.17. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 EPS. On average, research analysts anticipate that Whirlpool Co. will post 12.37 earnings per share for the current year.

Analysts Set New Price Targets

WHR has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their target price on Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a report on Friday, April 26th. Bank of America lifted their price target on Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Finally, StockNews.com downgraded Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $111.00.

Whirlpool Profile

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.