37,937 Shares in Whirlpool Corporation $WHR Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new stake in Whirlpool Corporation (NYSE:WHR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 37,937 shares of the company’s stock, valued at approximately $1,164,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WHR. Primecap Management Co. CA purchased a new stake in shares of Whirlpool in the second quarter valued at approximately $141,801,000. RWWM Inc. lifted its position in shares of Whirlpool by 191.6% during the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock valued at $130,628,000 after buying an additional 1,591,849 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Whirlpool during the 2nd quarter valued at approximately $61,003,000. Nykredit A S acquired a new stake in Whirlpool in the 2nd quarter valued at $51,953,000. Finally, Commonwealth Equity Services LLC grew its stake in Whirlpool by 63.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 624,881 shares of the company’s stock valued at $19,171,000 after acquiring an additional 242,520 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

NYSE WHR opened at $30.12 on Thursday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.14 and a quick ratio of 0.69. The stock’s 50 day simple moving average is $31.20 and its 200-day simple moving average is $46.66. The company has a market cap of $1.98 billion, a PE ratio of -13.88 and a beta of 1.21. Whirlpool Corporation has a 1-year low of $25.50 and a 1-year high of $94.82.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 26th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.93 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Whirlpool Corporation will post -1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WHR shares. Zacks Research lowered shares of Whirlpool from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Stifel Nicolaus lowered shares of Whirlpool from a “hold” rating to a “sell” rating and dropped their target price for the company from $30.00 to $20.00 in a research report on Wednesday, October 28th. Bank of America cut their target price on shares of Whirlpool from $38.00 to $31.00 and set an “underperform” rating for the company in a research note on Friday, September 11th. Mizuho reduced their price target on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada decreased their price target on shares of Whirlpool from $22.00 to $15.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 28th. Eight investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Whirlpool presently has an average rating of “Reduce” and a consensus price target of $32.22.

Whirlpool Company Profile

Whirlpool Corporation is a home-appliance manufacturer headquartered in Benton Harbor, Michigan. Its products include refrigerators and freezers, ranges and ovens, dishwashers, washing machines and dryers, as well as related parts and accessories. The company sells products under brands including Whirlpool, KitchenAid, Maytag, JennAir and Amana. Its offerings serve residential customers, with products distributed across multiple international markets. Founded in 1911 as the Upton Machine Company, Whirlpool adopted its current name in 1949.