New York State Common Retirement Fund Sells 8,312 Shares of Whirlpool Co. (NYSE:WHR)

New York State Common Retirement Fund trimmed its position in Whirlpool Co. (NYSE:WHRFree Report) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,506 shares of the company’s stock after selling 8,312 shares during the quarter. New York State Common Retirement Fund’s holdings in Whirlpool were worth $11,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WHR. BlackRock Inc. grew its position in shares of Whirlpool by 2.3% during the 2nd quarter. BlackRock Inc. now owns 6,139,973 shares of the company’s stock worth $913,567,000 after buying an additional 138,322 shares during the period. State Street Corp grew its position in shares of Whirlpool by 2.4% during the 2nd quarter. State Street Corp now owns 3,140,080 shares of the company’s stock worth $467,213,000 after buying an additional 72,732 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Whirlpool by 4.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,364,006 shares of the company’s stock valued at $202,950,000 after purchasing an additional 60,704 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Whirlpool by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,194,724 shares of the company’s stock valued at $177,546,000 after purchasing an additional 58,936 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Whirlpool by 21.6% during the 1st quarter. Invesco Ltd. now owns 754,474 shares of the company’s stock valued at $130,358,000 after purchasing an additional 134,251 shares in the last quarter. 90.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Royal Bank of Canada cut their price objective on Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Longbow Research cut Whirlpool from a “buy” rating to a “neutral” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Whirlpool has a consensus rating of “Hold” and a consensus target price of $118.60.

View Our Latest Stock Report on Whirlpool

Whirlpool Trading Down 0.2 %

NYSE WHR opened at $109.05 on Thursday. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 12.52 and a beta of 1.49. The stock’s 50 day moving average price is $115.32 and its two-hundred day moving average price is $123.69. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. Whirlpool Co. has a 52 week low of $98.40 and a 52 week high of $160.62.

Whirlpool (NYSE:WHRGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.53 by $0.32. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.89 EPS. As a group, analysts anticipate that Whirlpool Co. will post 14.02 earnings per share for the current fiscal year.

Whirlpool Company Profile

(Free Report)

Whirlpool Corporation manufactures and markets home appliances and related products and services in North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

Further Reading

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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