Illinois Municipal Retirement Fund Reduces Stake in Whirlpool Co. (NYSE:WHR)

Illinois Municipal Retirement Fund lessened its position in Whirlpool Co. (NYSE:WHRGet Rating) by 85.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,787 shares of the company’s stock after selling 27,477 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Whirlpool were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WHR. Tobam purchased a new position in shares of Whirlpool in the 3rd quarter valued at approximately $30,000. Jones Financial Companies Lllp bought a new position in Whirlpool during the 2nd quarter valued at approximately $31,000. Total Clarity Wealth Management Inc. bought a new position in Whirlpool during the 2nd quarter valued at approximately $33,000. Cambridge Trust Co. increased its position in Whirlpool by 119.6% during the 2nd quarter. Cambridge Trust Co. now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on WHR shares. StockNews.com started coverage on Whirlpool in a report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $160.00 target price on shares of Whirlpool in a report on Thursday, November 17th. JPMorgan Chase & Co. reduced their target price on Whirlpool from $145.00 to $137.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. Bank of America downgraded Whirlpool from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $155.00 to $119.00 in a research note on Wednesday, October 26th. Finally, Credit Suisse Group dropped their price target on Whirlpool to $157.00 in a research note on Thursday, October 20th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $158.00.

Whirlpool Price Performance

NYSE WHR opened at $152.73 on Wednesday. The company has a market capitalization of $8.32 billion, a PE ratio of 24.59 and a beta of 1.50. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.74 and a current ratio of 1.16. The business’s fifty day moving average is $146.52 and its 200 day moving average is $150.39. Whirlpool Co. has a fifty-two week low of $124.43 and a fifty-two week high of $214.10.

Whirlpool Profile

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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 and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

See Also

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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