NN Investment Partners Holdings N.V. Has $442,000 Position in Whirlpool Corporation (NYSE:WHR)
NN Investment Partners Holdings N.V. decreased its stake in Whirlpool Corporation (NYSE:WHR) by 48.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,309 shares of the company’s stock after selling 2,176 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Whirlpool Corporation were worth $442,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Kentucky Retirement Systems bought a new position in shares of Whirlpool Corporation during the fourth quarter valued at $991,000. Capstone Asset Management Co. increased its position in shares of Whirlpool Corporation by 8.0% in the first quarter. Capstone Asset Management Co. now owns 9,164 shares of the company’s stock valued at $1,570,000 after buying an additional 678 shares during the period. National Pension Service increased its position in shares of Whirlpool Corporation by 11.0% in the first quarter. National Pension Service now owns 73,548 shares of the company’s stock valued at $12,514,000 after buying an additional 7,307 shares during the period. KCG Holdings Inc. acquired a new stake in Whirlpool Corporation during the first quarter worth $1,312,000. Finally, Canada Pension Plan Investment Board increased its stake in Whirlpool Corporation by 2.4% in the first quarter. Canada Pension Plan Investment Board now owns 128,710 shares of the company’s stock worth $22,052,000 after buying an additional 3,010 shares during the period. 94.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whirlpool Corporation (NYSE:WHR) traded up 0.29% during midday trading on Monday, reaching $178.34. The company’s stock had a trading volume of 822,368 shares. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The stock has a market capitalization of $13.02 billion, a PE ratio of 17.85 and a beta of 1.79. The stock has a 50-day moving average price of $190.84 and a 200 day moving average price of $181.45.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current year.
Whirlpool Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts recently weighed in on WHR shares. Royal Bank Of Canada restated a “buy” rating and issued a $216.00 price target on shares of Whirlpool Corporation in a research note on Friday, June 2nd. BidaskClub downgraded Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group initiated coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corporation presently has a consensus rating of “Hold” and a consensus target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marc R. Bitzer sold 19,314 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The disclosure for this sale can be found here. Corporate insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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