Trinity Street Asset Management Llp Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Trinity Street Asset Management Llp reduced its stake in Whirlpool Corporation by 25.75% during the most recent quarter end. The investment management company now holds a total of 262,647 shares of Whirlpool Corporation which is valued at $50,065,771 after selling 91,073 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Whirlpool Corporation makes up approximately 10.82% of Trinity Street Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Chesley Taft Associates reduced its stake in WHR by selling 50 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 4,900 shares of WHR which is valued at $919,289. Whirlpool Corporation makes up approx 0.09% of Chesley Taft Associates’s portfolio.Firstmerit Bank N A Trustee reduced its stake in WHR by selling 50 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 8,015 shares of WHR which is valued at $1,392,927. Whirlpool Corporation makes up approx 0.11% of Firstmerit Bank N A Trustee’s portfolio.

Whirlpool Corporation closed down -0.02 points or -0.01% at $192.36 with 9,62,250 shares getting traded on Friday. Post opening the session at $192.9, the shares hit an intraday low of $191.29 and an intraday high of $193.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Whirlpool Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $3.37. The company had revenue of $5198.00 million for the quarter, compared to analysts expectations of $5130.20 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.70 EPS.

Many Wall Street Analysts have commented on Whirlpool Corporation. Whirlpool Corporation was Upgraded by Raymond James to ” Strong Buy” on Jul 25, 2016. Company shares were Reiterated by MKM Partners on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $204 .

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in 14 countries and markets products in nearly every country around the world under brand names such as Whirlpool KitchenAid Maytag Consul Brastemp Amana Bauknecht Jenn-Air and Indesit. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

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