Friedenthal Financial Makes New $50,000 Investment in Whirlpool Co. (NYSE:WHR)

Friedenthal Financial purchased a new stake in Whirlpool Co. (NYSE:WHR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 438 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA lifted its stake in Whirlpool by 1.8% in the 2nd quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock valued at $496,513,000 after purchasing an additional 84,574 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Whirlpool by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after buying an additional 258,871 shares during the period. State Street Corp boosted its stake in shares of Whirlpool by 1.0% during the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company’s stock worth $176,591,000 after acquiring an additional 15,752 shares during the period. Newport Trust Company LLC increased its holdings in shares of Whirlpool by 23.8% during the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after acquiring an additional 269,976 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Whirlpool by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company’s stock valued at $110,567,000 after acquiring an additional 18,936 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Up 2.3 %

Shares of NYSE:WHR opened at $120.71 on Tuesday. The business’s 50 day simple moving average is $114.43 and its 200 day simple moving average is $106.10. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $126.30. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. The company has a market capitalization of $6.66 billion, a P/E ratio of 11.90 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. Whirlpool’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $5.45 EPS. On average, research analysts anticipate that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Insider Buying and Selling at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares in the company, valued at approximately $4,343,233.60. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Royal Bank of Canada cut their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com downgraded Whirlpool from a “hold” rating to a “sell” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.50.

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.