Cerity Partners LLC Sells 9,103 Shares of Whirlpool Corporation (NYSE:WHR)

Cerity Partners LLC reduced its holdings in Whirlpool Corporation (NYSE:WHR) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,646 shares of the company’s stock after selling 9,103 shares during the period. Cerity Partners LLC’s holdings in Whirlpool were worth $2,492,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC lifted its stake in shares of Whirlpool by 79.1% in the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Bessemer Group Inc. increased its holdings in Whirlpool by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 32,674 shares of the company’s stock worth $3,740,000 after purchasing an additional 121 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company’s stock valued at $40,000 after acquiring an additional 129 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Whirlpool by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,260 shares of the company’s stock valued at $2,663,000 after acquiring an additional 140 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in Whirlpool by 3.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company’s stock worth $377,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WHR. Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Monday, June 30th. JPMorgan Chase & Co. decreased their target price on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Wall Street Zen raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Bank of America upgraded shares of Whirlpool from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $68.00 to $94.00 in a report on Friday, June 13th. Finally, Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $81.00 to $65.00 and set an “underperform” rating on the stock in a report on Friday, April 25th. One equities research analyst has 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.40.

Whirlpool Trading Down 3.7%

WHR stock opened at $93.00 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.72 and a quick ratio of 0.40. The company has a market capitalization of $5.17 billion, a PE ratio of 664.29 and a beta of 1.25. The firm’s 50-day moving average is $91.19 and its 200 day moving average is $95.50. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.67 by $0.03. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the business posted $1.78 EPS. The business’s quarterly revenue was down 19.4% compared to the same quarter last year. On average, research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool 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.