Emerson Wealth Management LLC Invests $2.14 Million in Whirlpool Co. (WHR)

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Emerson Wealth Management LLC purchased a new position in Whirlpool Co. (NYSE:WHR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the company’s stock, valued at approximately $2,137,000. Whirlpool comprises 2.1% of Emerson Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position.

Other hedge funds have also bought and sold shares of the company. Pinnacle Associates Ltd. grew its holdings in shares of Whirlpool by 5.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,900 shares of the company’s stock worth $203,000 after acquiring an additional 100 shares during the period. Newport Trust Co grew its holdings in shares of Whirlpool by 1.6% in the fourth quarter. Newport Trust Co now owns 1,448,167 shares of the company’s stock worth $154,766,000 after acquiring an additional 23,148 shares during the period. High Pointe Capital Management LLC grew its holdings in shares of Whirlpool by 33.1% in the fourth quarter. High Pointe Capital Management LLC now owns 9,490 shares of the company’s stock worth $1,014,000 after acquiring an additional 2,360 shares during the period. BB&T Securities LLC grew its holdings in shares of Whirlpool by 50.2% in the fourth quarter. BB&T Securities LLC now owns 21,725 shares of the company’s stock worth $2,321,000 after acquiring an additional 7,265 shares during the period. Finally, Asset Management Advisors LLC grew its holdings in shares of Whirlpool by 63.2% in the fourth quarter. Asset Management Advisors LLC now owns 45,190 shares of the company’s stock worth $4,829,000 after acquiring an additional 17,500 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $133.54, for a total transaction of $379,921.30. Following the completion of the sale, the director now owns 6,550 shares of the company’s stock, valued at $874,687. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.83% of the company’s stock.

NYSE:WHR opened at $133.29 on Monday. Whirlpool Co. has a 52-week low of $99.40 and a 52-week high of $180.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.55. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 1.88 and a beta of 1.63.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the previous year, the company posted $4.10 earnings per share. Whirlpool’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts predict that Whirlpool Co. will post 14.66 EPS for the current year.

Several brokerages recently commented on WHR. Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective for the company. in a report on Wednesday, January 30th. Raymond James lowered Whirlpool from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Buckingham Research began coverage on Whirlpool in a report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Whirlpool in a report on Wednesday, November 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Whirlpool has an average rating of “Hold” and an average price target of $146.40.

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Whirlpool Company Profile

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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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