New Potomac Partners LLC Sells 400 Shares of Whirlpool Co. (NYSE:WHR)

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New Potomac Partners LLC lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,340 shares of the company’s stock after selling 400 shares during the period. Whirlpool makes up about 1.8% of New Potomac Partners LLC’s investment portfolio, making the stock its 25th largest holding. New Potomac Partners LLC’s holdings in Whirlpool were worth $1,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Whirlpool by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 857,618 shares of the company’s stock worth $91,496,000 after purchasing an additional 57,356 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Whirlpool in the 4th quarter valued at about $1,614,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Whirlpool in the 4th quarter valued at about $202,000. FMR LLC increased its stake in shares of Whirlpool by 487.1% in the 4th quarter. FMR LLC now owns 307,712 shares of the company’s stock valued at $32,885,000 after acquiring an additional 255,304 shares during the last quarter. Finally, Financial Advocates Investment Management increased its stake in shares of Whirlpool by 217.4% in the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

Shares of WHR traded up $1.95 on Tuesday, hitting $135.11. The company’s stock had a trading volume of 20,649 shares, compared to its average volume of 913,001. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The business has a fifty day moving average of $143.90. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $152.50. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 1.65 and a beta of 1.83.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the firm earned $3.20 EPS. Whirlpool’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that Whirlpool Co. will post 15.15 EPS for the current year.

In related news, CFO James W. Peters sold 650 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total value of $95,231.50. Following the completion of the transaction, the chief financial officer now directly owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

A number of analysts have recently commented on WHR shares. Buckingham Research upped their price target on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. ValuEngine cut Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. TheStreet raised Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. Finally, Zacks Investment Research cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Whirlpool presently has a consensus rating of “Hold” and a consensus target price of $140.09.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

Further Reading: Cost of Goods Sold (COGS)

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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