Crossmark Global Holdings Inc. decreased its position in Whirlpool Co. (NYSE:WHR – Get Rating) by 85.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,805 shares of the company’s stock after selling 27,344 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Whirlpool were worth $648,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Whirlpool in the second quarter valued at $31,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Whirlpool during the second quarter worth $33,000. Cambridge Trust Co. raised its position in shares of Whirlpool by 119.6% during the second quarter. Cambridge Trust Co. now owns 224 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Whirlpool by 96.2% during the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in shares of Whirlpool by 526.3% during the first quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 92.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on WHR shares. StockNews.com started coverage on Whirlpool in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Bank of America lowered Whirlpool from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $155.00 to $119.00 in a research report on Wednesday, October 26th. JPMorgan Chase & Co. dropped their price target on Whirlpool from $145.00 to $137.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $160.00 price target on shares of Whirlpool in a research report on Thursday, November 17th. Finally, Credit Suisse Group dropped their price target on Whirlpool to $157.00 in a research report on Thursday, October 20th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Whirlpool presently has an average rating of “Hold” and a consensus price target of $158.00.
Whirlpool Stock Performance
Whirlpool (NYSE:WHR – Get Rating) last issued its earnings results on Thursday, October 20th. The company reported $4.49 earnings per share for the quarter, missing the consensus estimate of $5.59 by ($1.10). Whirlpool had a return on equity of 27.65% and a net margin of 1.86%. The firm had revenue of $4.78 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the company earned $6.68 earnings per share. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. Analysts predict that Whirlpool Co. will post 19.25 earnings per share for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on Whirlpool (WHR)
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