Edinburgh Partners Ltd buys $100,618,624 stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Edinburgh Partners Ltd scooped up 69,742 additional shares in Whirlpool Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 537,177 shares of Whirlpool Corporation which is valued at $100,618,624.Whirlpool Corporation makes up approximately 11.04% of Edinburgh Partners Ltd’s portfolio.

Whirlpool Corporation closed down -0.14 points or -0.07% at $187.31 with 8,78,948 shares getting traded on Friday. Post opening the session at $187.45, the shares hit an intraday low of $186.28 and an intraday high of $188.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Murphy Capital Management Inc reduced its stake in WHR by selling 3,924 shares or 14.53% in the most recent quarter. The Hedge Fund company now holds 23,087 shares of WHR which is valued at $4,324,426. Whirlpool Corporation makes up approx 0.67% of Murphy Capital Management Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in WHR in the latest quarter, The investment management firm added 2,565 additional shares and now holds a total of 65,885 shares of Whirlpool Corporation which is valued at $12,091,215. Whirlpool Corporation makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.New England Research Management reduced its stake in WHR by selling 200 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 2,725 shares of WHR which is valued at $500,092. Whirlpool Corporation makes up approx 0.43% of New England Research Management’s portfolio.

On the company’s financial health, Whirlpool Corporation reported $4.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $3.88. The company had revenue of $5560.00 million for the quarter, compared to analysts expectations of $5735.93 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.52 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 was Upgraded by Goldman to ” Buy” on Feb 4, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Top Pick”, Firm has raised the Price Target to $ 169 from a previous price target of $163 .

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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