PSI Advisors LLC Buys New Position in Whirlpool Co. (NYSE:WHR)

PSI Advisors LLC bought a new stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,258 shares of the company's stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Whirlpool by 323.1% during the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company's stock worth $31,000 after purchasing an additional 210 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Whirlpool during the 2nd quarter worth $32,000. Ashton Thomas Private Wealth LLC acquired a new position in Whirlpool in the 2nd quarter valued at $32,000. Legend Financial Advisors Inc. bought a new position in Whirlpool in the 4th quarter worth $34,000. Finally, True Wealth Design LLC boosted its holdings in Whirlpool by 545.5% during the third quarter. True Wealth Design LLC now owns 355 shares of the company's stock valued at $38,000 after acquiring an additional 300 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Price Performance

Whirlpool stock traded up $5.57 during mid-day trading on Tuesday, hitting $126.24. 1,972,068 shares of the company were exchanged, compared to its average volume of 933,577. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $127.69. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The business has a fifty day moving average of $114.43 and a 200 day moving average of $106.10. The company has a market capitalization of $6.96 billion, a PE ratio of 12.45 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business posted $5.45 earnings per share. The company's revenue was down 18.9% on a year-over-year basis. As a group, sell-side analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current year.

Insiders Place Their Bets

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 value of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.05% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on WHR. Bank of America boosted their price objective on 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. boosted their price target on Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research report on Tuesday. StockNews.com lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating on the stock in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Whirlpool presently has an average rating of "Hold" and a consensus price target of $112.80.

About Whirlpool

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.