Whirlpool Co. (NYSE:WHR) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. lifted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the company’s stock after acquiring an additional 271 shares during the quarter. Fulton Bank N.A.’s holdings in Whirlpool were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WHR. Primecap Management Co. CA increased its stake in Whirlpool by 0.6% during the 4th quarter. Primecap Management Co. CA now owns 4,729,936 shares of the company’s stock worth $575,964,000 after buying an additional 26,630 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Whirlpool by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,425,552 shares of the company’s stock worth $173,589,000 after buying an additional 14,826 shares during the period. Newport Trust Company LLC increased its stake in Whirlpool by 9.8% during the 4th quarter. Newport Trust Company LLC now owns 1,169,039 shares of the company’s stock worth $142,354,000 after buying an additional 103,909 shares during the period. Cooke & Bieler LP increased its stake in Whirlpool by 11.3% during the 4th quarter. Cooke & Bieler LP now owns 780,840 shares of the company’s stock worth $95,083,000 after buying an additional 79,212 shares during the period. Finally, FIFTHDELTA Ltd purchased a new stake in Whirlpool during the 1st quarter worth $50,986,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Bank of America assumed coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 target price for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.75.

Whirlpool Price Performance

Shares of NYSE:WHR traded down $0.93 during trading on Tuesday, reaching $92.30. The company had a trading volume of 878,451 shares, compared to its average volume of 1,377,357. The firm’s fifty day moving average is $97.35 and its 200 day moving average is $102.85. The firm has a market capitalization of $5.04 billion, a PE ratio of 12.76 and a beta of 1.44. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $144.40. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm earned $4.21 EPS. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Co. will post 11.31 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.