Cooke & Bieler LP Acquires 34,940 Shares of Whirlpool Corp. (WHR)
Cooke & Bieler LP raised its position in Whirlpool Corp. (NYSE:WHR) by 11.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 330,200 shares of the company’s stock after buying an additional 34,940 shares during the period. Cooke & Bieler LP owned 0.44% of Whirlpool Corp. worth $55,025,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Capital Growth Management LP boosted its position in shares of Whirlpool Corp. by 28.7% in the first quarter. Capital Growth Management LP now owns 785,000 shares of the company’s stock worth $141,567,000 after buying an additional 175,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Whirlpool Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 629,731 shares of the company’s stock worth $113,334,000 after buying an additional 6,113 shares in the last quarter. Fairpointe Capital LLC acquired a new position in shares of Whirlpool Corp. during the first quarter worth about $88,525,000. Legal & General Group Plc boosted its position in shares of Whirlpool Corp. by 1.7% in the first quarter. Legal & General Group Plc now owns 362,272 shares of the company’s stock worth $65,324,000 after buying an additional 6,037 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Whirlpool Corp. by 288.9% in the first quarter. Pictet Asset Management Ltd. now owns 195,827 shares of the company’s stock worth $30,416,000 after buying an additional 145,474 shares in the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
Whirlpool Corp. (NYSE:WHR) traded up 1.41% on Monday, hitting $163.01. 1,447,427 shares of the company were exchanged. The stock has a 50 day moving average price of $167.14 and a 200 day moving average price of $175.80. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 14.45 and a beta of 1.61.
Whirlpool Corp. (NYSE:WHR) last posted its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.37 by $0.13. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. On average, equities research analysts forecast that Whirlpool Corp. will post $14.69 EPS for the current fiscal year.
A number of equities analysts have issued reports on WHR shares. MKM Partners raised their target price on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Raymond James Financial Inc. raised Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a report on Monday, July 25th. Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Zacks Investment Research cut Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $193.63.
In related news, insider Joao Carlos Brega sold 14,166 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the sale, the insider now owns 29,043 shares of the company’s stock, valued at $5,617,787.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the completion of the sale, the insider now directly owns 4,807 shares in the company, valued at approximately $871,653.31. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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