Washington Trust Company Has Lowered Position in Whirlpool Corp (WHR) by $3.69 Million

September 30, 2018 - By Margaret Guttierez

Whirlpool Corporation (NYSE:WHR) LogoInvestors sentiment decreased to 0.72 in Q2 2018. Its down 0.16, from 0.88 in 2018Q1. It fall, as 60 investors sold WHR shares while 200 reduced holdings. 55 funds opened positions while 132 raised stakes. 57.10 million shares or 4.53% less from 59.81 million shares in 2018Q1 were reported. Northwestern Mutual Wealth, a Wisconsin-based fund reported 1,556 shares. State Of Alaska Department Of Revenue reported 0.04% of its portfolio in Whirlpool Corporation (NYSE:WHR). Farmers Merchants Invests Inc reported 0% in Whirlpool Corporation (NYSE:WHR). First In has 0% invested in Whirlpool Corporation (NYSE:WHR) for 16 shares. Pennsylvania Tru owns 3,327 shares. Bollard Group Limited Liability Co invested 0.01% in Whirlpool Corporation (NYSE:WHR). Cleararc Capital has invested 0.03% in Whirlpool Corporation (NYSE:WHR). British Columbia Mngmt Corp holds 0.03% in Whirlpool Corporation (NYSE:WHR) or 27,074 shares. Pennsylvania-based Stoneridge Investment Prns Ltd Liability Corporation has invested 1.24% in Whirlpool Corporation (NYSE:WHR). Css Limited Liability Corp Il holds 0.1% or 14,613 shares. 118,987 were accumulated by Asset Mgmt One Communications. 8,655 were reported by Baker Ellis Asset Management Limited Co. Bessemer Gp reported 571,803 shares stake. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Whirlpool Corporation (NYSE:WHR). Commonwealth Retail Bank Of has invested 0.02% in Whirlpool Corporation (NYSE:WHR).

Since April 30, 2018, it had 1 buying transaction, and 1 insider sale for $105,091 activity. 1,950 shares were sold by Liotine Joseph T., worth $303,908.

Washington Trust Company decreased its stake in Whirlpool Corp (WHR) by 81.99% based on its latest 2018Q2 regulatory filing with the SEC. Washington Trust Company sold 25,295 shares as the company’s stock declined 17.58% while stock markets rallied. The institutional investor held 5,556 shares of the consumer electronics and appliances company at the end of 2018Q2, valued at $813,000, down from 30,851 at the end of the previous reported quarter. Washington Trust Company who had been investing in Whirlpool Corp for a number of months, seems to be less bullish one the $7.67B market cap company. The stock decreased 0.16% or $0.19 during the last trading session, reaching $118.75. About 577,939 shares traded. Whirlpool Corporation (NYSE:WHR) has declined 29.39% since September 30, 2017 and is downtrending. It has underperformed by 45.01% the S&P500.

Washington Trust Company, which manages about $1.87 billion US Long portfolio, upped its stake in Washington Trust Bancorp Inc (NASDAQ:WASH) by 399,111 shares to 862,023 shares, valued at $50.08M in 2018Q2, according to the filing.

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on October, 22. They expect $4.20 earnings per share, up 9.66 % or $0.37 from last year’s $3.83 per share. WHR’s profit will be $271.17 million for 7.07 P/E if the $4.20 EPS becomes a reality. After $3.20 actual earnings per share reported by Whirlpool Corporation for the previous quarter, Wall Street now forecasts 31.25 % EPS growth.

Another recent and important Whirlpool Corporation (NYSE:WHR) news was published by Gurufocus.com which published an article titled: “Stocks That Fell to 3-Year Lows in the Week of Sept. 21” on September 22, 2018.

Whirlpool Corporation (NYSE:WHR) Ratings Coverage

Among 7 analysts covering Whirlpool (NYSE:WHR), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Whirlpool had 10 analyst reports since April 4, 2018 according to SRatingsIntel. The rating was maintained by Bank of America on Monday, April 9 with “Hold”. The firm has “Neutral” rating given on Tuesday, July 24 by Longbow. RBC Capital Markets downgraded the shares of WHR in report on Wednesday, July 25 to “Sector Perform” rating. The stock of Whirlpool Corporation (NYSE:WHR) has “Neutral” rating given on Tuesday, April 24 by Credit Suisse. The firm has “Overweight” rating by JP Morgan given on Friday, June 1. The rating was upgraded by Credit Suisse to “Outperform” on Monday, June 4. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, July 24. The stock of Whirlpool Corporation (NYSE:WHR) earned “Sell” rating by Goldman Sachs on Wednesday, April 4. The stock of Whirlpool Corporation (NYSE:WHR) has “Hold” rating given on Monday, April 23 by RBC Capital Markets.

Whirlpool Corporation (NYSE:WHR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: