Barclays PLC increased its stake in Whirlpool Co. (NYSE:WHR – Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 163,941 shares of the company’s stock after buying an additional 14,662 shares during the period. Barclays PLC owned 0.30% of Whirlpool worth $21,643,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Whirlpool by 3.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock valued at $266,000 after buying an additional 60 shares during the period. Itau Unibanco Holding S.A. grew its position in Whirlpool by 1.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 4,735 shares of the company’s stock worth $678,000 after acquiring an additional 75 shares in the last quarter. New York Life Investment Management LLC grew its position in Whirlpool by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 8,973 shares of the company’s stock worth $1,269,000 after acquiring an additional 76 shares in the last quarter. Convergence Investment Partners LLC lifted its stake in Whirlpool by 1.5% in the fourth quarter. Convergence Investment Partners LLC now owns 5,774 shares of the company’s stock worth $817,000 after purchasing an additional 84 shares during the last quarter. Finally, Empirical Finance LLC lifted its stake in Whirlpool by 6.2% in the first quarter. Empirical Finance LLC now owns 1,569 shares of the company’s stock worth $207,000 after purchasing an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.
Insider Activity at Whirlpool
In other Whirlpool news, CEO Marc R. Bitzer sold 20,000 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $143.18, for a total transaction of $2,863,600.00. Following the transaction, the chief executive officer now directly owns 138,583 shares in the company, valued at approximately $19,842,313.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Juan Carlos Puente sold 420 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $134.16, for a total transaction of $56,347.20. Following the completion of the sale, the executive vice president now directly owns 17,699 shares in the company, valued at $2,374,497.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Marc R. Bitzer sold 20,000 shares of Whirlpool stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $143.18, for a total transaction of $2,863,600.00. Following the completion of the sale, the chief executive officer now owns 138,583 shares of the company’s stock, valued at $19,842,313.94. The disclosure for this sale can be found here. In the last three months, insiders sold 26,420 shares of company stock valued at $3,778,667. Corporate insiders own 1.85% of the company’s stock.
Analysts Set New Price Targets
Whirlpool Price Performance
Shares of WHR opened at $141.50 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.52 and a current ratio of 0.87. The firm’s 50-day moving average is $145.60 and its two-hundred day moving average is $140.60. Whirlpool Co. has a twelve month low of $124.10 and a twelve month high of $178.05.
Whirlpool (NYSE:WHR – Get Free Report) last announced its quarterly earnings data on Monday, July 24th. The company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.45. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.81 billion. Whirlpool had a negative net margin of 8.13% and a positive return on equity of 29.70%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.97 earnings per share. As a group, sell-side analysts expect that Whirlpool Co. will post 16.43 earnings per share for the current fiscal year.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products and services in 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.
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