Whirlpool Corporation $WHR Shares Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC increased its position in shares of Whirlpool Corporation (NYSE:WHR) by 30.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,155 shares of the company’s stock after acquiring an additional 30,220 shares during the quarter. IPG Investment Advisors LLC’s holdings in Whirlpool were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kelleher Financial Advisors purchased a new position in Whirlpool during the second quarter worth about $28,000. Silvant Capital Management LLC acquired a new position in Whirlpool in the 2nd quarter valued at about $29,000. Fortitude Family Office LLC acquired a new position in Whirlpool in the 3rd quarter valued at about $29,000. Root Financial Partners LLC purchased a new stake in shares of Whirlpool in the 3rd quarter valued at approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Whirlpool in the 1st quarter valued at approximately $46,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 5.0%

Shares of NYSE WHR opened at $30.05 on Wednesday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 263.50 and a beta of 1.21. The company has a quick ratio of 0.69, a current ratio of 1.14 and a debt-to-equity ratio of 1.84. Whirlpool Corporation has a 52-week low of $25.50 and a 52-week high of $94.82. The business’s 50 day moving average is $32.28 and its two-hundred day moving average is $48.33.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, October 26th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.94). Whirlpool had a positive return on equity of 0.47% and a negative net margin of 0.93%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the company earned $2.09 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts predict that Whirlpool Corporation will post -1.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WHR. Citigroup reduced their price target on shares of Whirlpool from $32.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Bank of America reduced their price objective on shares of Whirlpool from $38.00 to $31.00 and set an “underperform” rating on the stock in a report on Friday, September 11th. Royal Bank Of Canada decreased their target price on shares of Whirlpool from $22.00 to $15.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 28th. BNP Paribas Exane assumed coverage on shares of Whirlpool in a research note on Monday, July 13th. They set a “neutral” rating and a $43.00 target price for the company. Finally, Wall Street Zen cut shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 24th. Eight research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool has an average rating of “Reduce” and a consensus price target of $32.22.

Whirlpool Profile

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.