Envestnet Asset Management Inc. Grows Stock Holdings in Whirlpool Corporation (NYSE:WHR)

Envestnet Asset Management Inc. raised its stake in Whirlpool Corporation (NYSE:WHR) by 28.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,580 shares of the company’s stock after buying an additional 11,557 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Whirlpool worth $4,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC boosted its position in 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 buying an additional 121 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Whirlpool by 120.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company’s stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. raised 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 purchasing an additional 129 shares in the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Whirlpool in the 4th quarter valued at about $54,000. Finally, GeoWealth Management LLC raised its holdings in shares of Whirlpool by 49.1% in the 4th quarter. GeoWealth Management LLC now owns 495 shares of the company’s stock valued at $57,000 after purchasing an additional 163 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Up 1.1%

NYSE WHR opened at $99.71 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.72 and a debt-to-equity ratio of 1.71. The firm has a market cap of $5.54 billion, a PE ratio of 712.20 and a beta of 1.25. The company has a 50 day moving average price of $92.58 and a 200 day moving average price of $95.04. Whirlpool Corporation has a 52 week low of $73.72 and a 52 week high of $135.49.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the prior year, the business posted $1.78 EPS. Whirlpool’s revenue for the quarter was down 19.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WHR shares. 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 report on Monday, June 30th. Royal Bank Of Canada dropped their price objective on Whirlpool from $81.00 to $65.00 and set an “underperform” rating on the stock in a research report on Friday, April 25th. Wall Street Zen downgraded Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price objective on Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Finally, Bank of America upgraded shares of Whirlpool from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Whirlpool has an average rating of “Hold” and an average target price of $108.40.

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.