Strs Ohio lessened its holdings in Whirlpool Co. (NYSE:WHR) by 7.3% during the second quarter, HoldingsChannel reports. The fund owned 12,716 shares of the company’s stock after selling 1,004 shares during the quarter. Strs Ohio’s holdings in Whirlpool were worth $1,647,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in Whirlpool in the 4th quarter worth about $4,500,000. Total Clarity Wealth Management Inc. bought a new stake in Whirlpool in the 4th quarter worth about $30,000. Patriot Financial Group Insurance Agency LLC grew its position in Whirlpool by 44.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 243 shares of the company’s stock worth $31,000 after purchasing an additional 75 shares in the last quarter. Cordasco Financial Network bought a new stake in Whirlpool in the 2nd quarter worth about $40,000. Finally, Synovus Financial Corp grew its position in shares of Whirlpool by 262.9% during the 1st quarter. Synovus Financial Corp now owns 508 shares of the company’s stock valued at $44,000 after acquiring an additional 368 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

WHR opened at $163.12 on Friday. The company has a 50 day moving average of $135.63 and a 200 day moving average of $125.10. The company has a market cap of $10.14 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.98. Whirlpool Co. has a 12 month low of $64.00 and a 12 month high of $166.06. The company has a current ratio of 0.98, a quick ratio of 0.71 and a debt-to-equity ratio of 1.43.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, July 22nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $1.15. Whirlpool had a net margin of 4.42% and a return on equity of 22.08%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company posted $4.01 EPS. Research analysts forecast that Whirlpool Co. will post 12.5 earnings per share for the current fiscal year.

Several equities analysts recently commented on the company. Deutsche Bank upped their price objective on Whirlpool from $109.00 to $148.00 in a research note on Friday, July 24th. Royal Bank of Canada reissued a “sell” rating and issued a $110.00 price objective on shares of Whirlpool in a report on Monday, July 20th. Longbow Research boosted their price objective on Whirlpool from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Bank of America increased their target price on shares of Whirlpool from $115.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Finally, Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “strong-buy” rating and set a $191.00 price target on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Whirlpool has a consensus rating of “Hold” and an average price target of $157.67.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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