Palouse Capital Management Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Palouse Capital Management reduced its stake in Whirlpool Corporation by 3.73% during the most recent quarter end. The investment management company now holds a total of 25,643 shares of Whirlpool Corporation which is valued at $4,888,069 after selling 994 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Whirlpool Corporation makes up approximately 1.90% of Palouse Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in WHR in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 4,952 shares of Whirlpool Corporation which is valued at $943,950.Meeder Asset Management Inc reduced its stake in WHR by selling 401 shares or 7.34% in the most recent quarter. The Hedge Fund company now holds 5,061 shares of WHR which is valued at $949,494. Whirlpool Corporation makes up approx 0.09% of Meeder Asset Management Inc’s portfolio. Burt Wealth Advisors sold out all of its stake in WHR during the most recent quarter. The investment firm sold 9 shares of WHR which is valued $1,688.British Columbia Investment Management Corp reduced its stake in WHR by selling 5,005 shares or 8.54% in the most recent quarter. The Hedge Fund company now holds 53,629 shares of WHR which is valued at $9,190,938. Whirlpool Corporation makes up approx 0.08% of British Columbia Investment Management Corp’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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