Public Employees Retirement System of Ohio purchased a new stake in shares of Whirlpool Corporation (NYSE:WHR – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,895 shares of the company’s stock, valued at approximately $705,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kelleher Financial Advisors purchased a new position in shares of Whirlpool during the second quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. raised its position in Whirlpool by 172.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after buying an additional 246 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in Whirlpool in the 2nd quarter valued at $29,000. Garton & Associates Financial Advisors LLC bought a new position in Whirlpool during the 4th quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after acquiring an additional 208 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Price Performance
WHR opened at $36.77 on Thursday. The firm has a market cap of $2.40 billion, a P/E ratio of 12.59, a PEG ratio of 16.72 and a beta of 1.18. The firm has a 50-day moving average of $39.50 and a 200 day moving average of $46.74. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. Whirlpool Corporation has a fifty-two week low of $35.45 and a fifty-two week high of $95.28.
Wall Street Analysts Forecast Growth
WHR has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research note on Monday, June 22nd. Citigroup reissued a “neutral” rating on shares of Whirlpool in a research report on Thursday, August 6th. Stifel Nicolaus cut their price target on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company assumed coverage on shares of Whirlpool in a research note on Monday, August 24th. They issued an “equal weight” rating and a $42.00 price objective for the company. Finally, Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $46.33.
Check Out Our Latest Stock Report on Whirlpool
Whirlpool Company Profile
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.
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