Victory Capital Management Inc. Boosts Stock Position in Whirlpool Co. (NYSE:WHR)

Victory Capital Management Inc. boosted its holdings in shares of Whirlpool Co. (NYSE:WHRGet Rating) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,297 shares of the company’s stock after acquiring an additional 38,046 shares during the quarter. Victory Capital Management Inc. owned 0.34% of Whirlpool worth $34,724,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WHR. BlackRock Inc. grew its position in shares of Whirlpool by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,065,502 shares of the company’s stock worth $1,188,671,000 after buying an additional 106,185 shares in the last quarter. State Street Corp grew its position in shares of Whirlpool by 4.5% during the 4th quarter. State Street Corp now owns 3,074,763 shares of the company’s stock worth $721,524,000 after buying an additional 132,954 shares in the last quarter. Capital International Investors grew its position in shares of Whirlpool by 10.4% during the 4th quarter. Capital International Investors now owns 2,144,170 shares of the company’s stock worth $503,151,000 after buying an additional 202,346 shares in the last quarter. Boston Partners grew its position in shares of Whirlpool by 17.0% during the 4th quarter. Boston Partners now owns 1,759,577 shares of the company’s stock worth $412,897,000 after buying an additional 255,063 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Whirlpool by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,380,849 shares of the company’s stock worth $324,008,000 after buying an additional 11,866 shares in the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Analyst Ratings Changes

WHR has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price target on Whirlpool from $235.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Cfra downgraded Whirlpool to a “sell” rating and set a $180.00 price objective on the stock. in a research report on Friday, April 8th. Credit Suisse Group began coverage on Whirlpool in a research report on Tuesday, April 5th. They set a “neutral” rating and a $180.00 price objective on the stock. TheStreet downgraded Whirlpool from a “b” rating to a “c+” rating in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Whirlpool from $227.00 to $191.00 in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $198.00.

Whirlpool Trading Down 4.5 %

Whirlpool stock opened at $167.69 on Wednesday. The stock has a 50-day moving average of $165.50 and a two-hundred day moving average of $181.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.69 and a current ratio of 1.11. Whirlpool Co. has a one year low of $145.93 and a one year high of $245.44. The stock has a market cap of $9.14 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.56.

Whirlpool (NYSE:WHRGet Rating) last released its quarterly earnings results on Monday, July 25th. The company reported $5.97 EPS for the quarter, beating analysts’ consensus estimates of $5.23 by $0.74. Whirlpool had a return on equity of 30.13% and a net margin of 3.33%. The company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same period last year, the business posted $6.64 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, research analysts anticipate that Whirlpool Co. will post 22.89 EPS for the current fiscal year.

Whirlpool Company Profile

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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 and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

See Also

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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