Trinity Street Asset Management Llp Lowers stake in Whirlpool Corporation (WHR)

Whirlpool Corporation (WHR) : Trinity Street Asset Management Llp reduced its stake in Whirlpool Corporation by 20.34% during the most recent quarter end. The investment management company now holds a total of 353,720 shares of Whirlpool Corporation which is valued at $65,933,408 after selling 90,324 shares in Whirlpool Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Whirlpool Corporation makes up approximately 13.36% of Trinity Street Asset Management Llp’s portfolio.

Whirlpool Corporation opened for trading at $186.6 and hit $190.68 on the upside on Monday, eventually ending the session at $190, with a gain of 1.93% or 3.6 points. The heightened volatility saw the trading volume jump to 8,96,807 shares. Company has a market cap of $14,674 M.

Other Hedge Funds, Including , Acadian Asset Management added WHR to its portfolio by purchasing 3,122 company shares during the most recent quarter which is valued at $581,941. Santa Fe Partners sold out all of its stake in WHR during the most recent quarter. The investment firm sold 14,028 shares of WHR which is valued $2,614,819.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WHR in the latest quarter, The investment management firm added 2,558 additional shares and now holds a total of 18,168 shares of Whirlpool Corporation which is valued at $3,386,515. Whirlpool Corporation makes up approx 0.08% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Foundry Partners added WHR to its portfolio by purchasing 32,318 company shares during the most recent quarter which is valued at $5,930,999. Whirlpool Corporation makes up approx 0.60% of Foundry Partners’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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