Edinburgh Partners Ltd Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Edinburgh Partners Ltd reduced its stake in Whirlpool Corporation by 17.43% during the most recent quarter end. The investment management company now holds a total of 334,762 shares of Whirlpool Corporation which is valued at $54,084,149 after selling 70,677 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Whirlpool Corporation makes up approximately 10.13% of Edinburgh Partners Ltd’s portfolio.

Other Hedge Funds, Including , Trinity Street Asset Management Llp boosted its stake in WHR in the latest quarter, The investment management firm added 2,793 additional shares and now holds a total of 265,440 shares of Whirlpool Corporation which is valued at $42,884,486. Whirlpool Corporation makes up approx 7.42% of Trinity Street Asset Management Llp’s portfolio.First Mercantile Trust Co reduced its stake in WHR by selling 100 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 2,200 shares of WHR which is valued at $359,678. Whirlpool Corporation makes up approx 0.05% of First Mercantile Trust Co’s portfolio.New England Research Management reduced its stake in WHR by selling 250 shares or 10.75% in the most recent quarter. The Hedge Fund company now holds 2,075 shares of WHR which is valued at $340,508. Whirlpool Corporation makes up approx 0.29% of New England Research Management’s portfolio.Washington Trust Bank reduced its stake in WHR by selling 135 shares or 30.61% in the most recent quarter. The Hedge Fund company now holds 306 shares of WHR which is valued at $50,215. Whirlpool Corporation makes up approx 0.01% of Washington Trust Bank’s portfolio.Lvm Capital Management Ltdmi boosted its stake in WHR in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,725 shares of Whirlpool Corporation which is valued at $283,073. Whirlpool Corporation makes up approx 0.09% of Lvm Capital Management Ltdmi’s portfolio.

Whirlpool Corporation closed down -0.53 points or -0.33% at $161.03 with 9,61,700 shares getting traded on Tuesday. Post opening the session at $161.69, the shares hit an intraday low of $159.13 and an intraday high of $161.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Downgraded by Gabelli & Co to ” Hold” on Sep 12, 2016. 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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