Whirlpool Co. (NYSE:WHR) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in Whirlpool Co. (NYSE:WHR) by 138.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,261 shares of the company’s stock after acquiring an additional 23,399 shares during the period. Advisors Asset Management Inc. owned approximately 0.07% of Whirlpool worth $4,816,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. IFG Advisory LLC grew its position in Whirlpool by 5.6% in the 4th quarter. IFG Advisory LLC now owns 2,737 shares of the company’s stock valued at $333,000 after buying an additional 146 shares in the last quarter. Courier Capital LLC grew its position in Whirlpool by 8.2% in the 4th quarter. Courier Capital LLC now owns 13,400 shares of the company’s stock valued at $1,632,000 after buying an additional 1,018 shares in the last quarter. Global Retirement Partners LLC grew its position in Whirlpool by 195.5% in the 4th quarter. Global Retirement Partners LLC now owns 653 shares of the company’s stock valued at $74,000 after buying an additional 432 shares in the last quarter. Westhampton Capital LLC grew its position in Whirlpool by 226.6% in the 4th quarter. Westhampton Capital LLC now owns 5,275 shares of the company’s stock valued at $642,000 after buying an additional 3,660 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Whirlpool by 37.3% in the 4th quarter. Fifth Third Bancorp now owns 1,826 shares of the company’s stock valued at $222,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WHR shares. StockNews.com lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Royal Bank of Canada reduced their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday. Finally, Bank of America raised their price objective on shares of Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $100.50.

Whirlpool Trading Down 2.0 %

Shares of WHR traded down $2.04 during midday trading on Friday, hitting $99.53. The stock had a trading volume of 1,072,848 shares, compared to its average volume of 1,104,422. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $148.50. The business has a 50-day simple moving average of $96.07 and a two-hundred day simple moving average of $103.74. The firm has a market cap of $5.44 billion, a P/E ratio of 13.71 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period last year, the company posted $4.21 earnings per share. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. As a group, equities analysts forecast that Whirlpool Co. will post 12 EPS for the current year.

Whirlpool Company 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.