Whirlpool Corporation $WHR Position Boosted by Newport Trust Company LLC

Newport Trust Company LLC boosted its holdings in Whirlpool Corporation (NYSE:WHR) by 5.5% during the 3rd quarter, Holdings Channel reports. The fund owned 2,169,688 shares of the company’s stock after acquiring an additional 112,579 shares during the quarter. Newport Trust Company LLC’s holdings in Whirlpool were worth $170,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after purchasing an additional 208 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Whirlpool by 80.6% during the second quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock valued at $52,000 after purchasing an additional 228 shares in the last quarter. Cheviot Value Management LLC lifted its holdings in Whirlpool by 50.0% in the second quarter. Cheviot Value Management LLC now owns 600 shares of the company’s stock worth $61,000 after purchasing an additional 200 shares during the period. Hantz Financial Services Inc. grew its position in Whirlpool by 253.4% in the 2nd quarter. Hantz Financial Services Inc. now owns 735 shares of the company’s stock valued at $75,000 after buying an additional 527 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Whirlpool by 22.9% during the 2nd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $80,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Trading Down 4.8%

Whirlpool stock opened at $85.33 on Friday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of -25.40 and a beta of 1.24. Whirlpool Corporation has a 1 year low of $65.35 and a 1 year high of $135.49. The firm’s 50 day moving average price is $77.62 and its two-hundred day moving average price is $81.88. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.47 and a current ratio of 0.86.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, October 27th. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.68. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.43 EPS. On average, research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WHR shares. Zacks Research raised shares of Whirlpool from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Wall Street Zen raised Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Stifel Nicolaus decreased their price target on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.43.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.