2,900 Shares in Whirlpool Co. (NYSE:WHR) Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new position in Whirlpool Co. (NYSE:WHR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,900 shares of the company’s stock, valued at approximately $331,000.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Whirlpool by 323.1% during the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Whirlpool in the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool in the second quarter worth $32,000. Legend Financial Advisors Inc. acquired a new position in Whirlpool during the fourth quarter valued at approximately $34,000. Finally, True Wealth Design LLC lifted its stake in Whirlpool by 545.5% in 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 last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insider Activity

In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on WHR shares. Royal Bank of Canada reduced their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Bank of America boosted their price target on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $106.50.

Whirlpool Trading Up 2.3 %

Shares of WHR stock opened at $120.71 on Tuesday. The company has a 50-day simple moving average of $114.43 and a two-hundred day simple moving average of $106.10. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 11.90 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $126.30. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

Whirlpool (NYSE:WHR) last announced 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. The company had revenue of $3.99 billion during 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%. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.45 EPS. Research analysts anticipate that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

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.