Teacher Retirement System of Texas Sells 2,105 Shares of Whirlpool Corporation (NYSE:WHR)

Teacher Retirement System of Texas reduced its stake in Whirlpool Corporation (NYSE:WHR) by 20.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,059 shares of the company’s stock after selling 2,105 shares during the period. Teacher Retirement System of Texas’ holdings in Whirlpool were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WHR. Mirae Asset Global Investments Co. Ltd. grew its position in Whirlpool by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company’s stock valued at $4,022,000 after acquiring an additional 5,202 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Whirlpool during the fourth quarter worth approximately $34,719,000. MADDEN SECURITIES Corp raised its stake in shares of Whirlpool by 44.5% in the first quarter. MADDEN SECURITIES Corp now owns 11,665 shares of the company’s stock valued at $1,051,000 after acquiring an additional 3,595 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Whirlpool in the 4th quarter worth approximately $1,953,000. Finally, Tang Capital Management LLC bought a new stake in Whirlpool during the 4th quarter worth approximately $974,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Bank of America upgraded shares of Whirlpool from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $68.00 to $94.00 in a research report on Friday, June 13th. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada decreased their price target on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating on the stock in a research note on Friday, April 25th. Finally, Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.40.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $100.92 on Wednesday. The firm has a fifty day moving average of $90.20 and a two-hundred day moving average of $95.90. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 720.86 and a beta of 1.25. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72. Whirlpool Corporation has a 52 week low of $73.72 and a 52 week high of $135.49.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was down 19.4% compared to the same quarter last year. As a group, equities research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the 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.