Diamond Hill Capital Management Inc Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Diamond Hill Capital Management Inc reduced its stake in Whirlpool Corporation by 2.96% during the most recent quarter end. The investment management company now holds a total of 2,004,788 shares of Whirlpool Corporation which is valued at $338.2 Million after selling 61,175 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Whirlpool Corporation makes up approximately 2.17% of Diamond Hill Capital Management Inc’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in WHR in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,644 shares of Whirlpool Corporation which is valued at $1.5 Million. Whirlpool Corporation makes up approx 0.07% of New Mexico Educational Retirement Board’s portfolio.Profund Advisors boosted its stake in WHR in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 2,500 shares of Whirlpool Corporation which is valued at $441,750. Whirlpool Corporation makes up approx 0.02% of Profund Advisors’s portfolio. North Star Asset Management Inc added WHR to its portfolio by purchasing 1,231 company shares during the most recent quarter which is valued at $217,518. Whirlpool Corporation makes up approx 0.03% of North Star Asset Management Inc’s portfolio.Tocqueville Asset Management reduced its stake in WHR by selling 2,000 shares or 60.61% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of WHR which is valued at $226,382.

Whirlpool Corporation opened for trading at $168.54 and hit $169.27 on the upside on Friday, eventually ending the session at $168.1, with a gain of 0.26% or 0.43 points. The heightened volatility saw the trading volume jump to 8,88,890 shares. Company has a market cap of $12,770 M.

On the company’s financial health, Whirlpool Corporation reported $2.63 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $2.69. The company had revenue of $4616.00 million for the quarter, compared to analysts expectations of $4687.13 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.02 EPS.

Many Wall Street Analysts have commented on Whirlpool Corporation. Company shares were Reiterated by MKM Partners on Apr 1, 2016 to “Buy”, Firm has raised the Price Target to $ 204 from a previous price target of $175 .

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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