Baker Avenue Asset Management Lp adds Whirlpool Corporation (WHR) to its portfolio

Whirlpool Corporation (WHR) : Baker Avenue Asset Management Lp added new position in Whirlpool Corporation during the most recent quarter end. The investment management firm now holds 21,124 shares of Whirlpool Corporation which is valued at $3,928,430 , the company said in a statement filed on Aug 15, 2016 with the SEC.Whirlpool Corporation makes up approximately 0.57% of Baker Avenue Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Donaldson Capital Management boosted its stake in WHR in the latest quarter, The investment management firm added 2,981 additional shares and now holds a total of 13,947 shares of Whirlpool Corporation which is valued at $2,593,724. Whirlpool Corporation makes up approx 0.35% of Donaldson Capital Management’s portfolio.Loomis Sayles Co L P boosted its stake in WHR in the latest quarter, The investment management firm added 117,689 additional shares and now holds a total of 137,689 shares of Whirlpool Corporation which is valued at $25,606,023. Whirlpool Corporation makes up approx 0.07% of Loomis Sayles Co L P’s portfolio.Robecosam Ag boosted its stake in WHR in the latest quarter, The investment management firm added 330 additional shares and now holds a total of 3,500 shares of Whirlpool Corporation which is valued at $650,895. Whirlpool Corporation makes up approx 0.06% of Robecosam Ag’s portfolio.Trinity Street Asset Management Llp reduced its stake in WHR by selling 91,073 shares or 25.75% in the most recent quarter. The Hedge Fund company now holds 262,647 shares of WHR which is valued at $50,065,771. Whirlpool Corporation makes up approx 10.82% of Trinity Street Asset Management Llp’s portfolio.

Whirlpool Corporation closed down -0.99 points or -0.55% at $177.65 with 6,30,387 shares getting traded on Thursday. Post opening the session at $178.59, the shares hit an intraday low of $176.34 and an intraday high of $178.9 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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