What’s Propelling Whirlpool Corporation to Increase So Much?

 What's Propelling Whirlpool Corporation to Increase So Much?

In today’s session Whirlpool Corporation (WHR) registered an unusually high (770) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious WHR increase. With 770 contracts traded and 704 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: WHR161021C00162500 closed last at: $2.24 or 16.7% up. About 107,335 shares traded hands. Whirlpool Corporation (NYSE:WHR) has declined 6.85% since March 16, 2016 and is downtrending. It has underperformed by 12.39% the S&P500.

Analysts await Whirlpool Corporation (NYSE:WHR) to report earnings on October, 28. They expect $3.91 earnings per share, up 13.33% or $0.46 from last year’s $3.45 per share. WHR’s profit will be $293.74M for 10.49 P/E if the $3.91 EPS becomes a reality. After $3.50 actual earnings per share reported by Whirlpool Corporation for the previous quarter, Wall Street now forecasts 11.71% EPS growth.

Whirlpool Corporation (NYSE:WHR) Ratings Coverage

Out of 6 analysts covering Whirlpool (NYSE:WHR), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $213 is the highest target while $171 is the lowest. The $190 average target is 15.86% above today’s ($163.99) stock price. Whirlpool has been the topic of 12 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, October 6. RBC Capital Markets upgraded the shares of WHR in a report on Tuesday, September 15 to “Top Pick” rating. The company was maintained on Thursday, August 13 by RBC Capital Markets. The firm has “Strong Buy” rating by Raymond James given on Monday, October 26. The stock has “Buy” rating given by M Partners on Monday, December 7. The stock of Whirlpool Corporation (NYSE:WHR) has “Neutral” rating given on Monday, October 17 by M Partners. RBC Capital Markets maintained the stock with “Top Pick” rating in Monday, October 26 report. On Monday, September 12 the stock rating was downgraded by Gabelli to “Hold”. The rating was maintained by M Partners with “Buy” on Friday, April 1. Gabelli initiated the stock with “Buy” rating in Tuesday, October 27 report.

According to Zacks Investment Research, “Whirlpool Corp. manufactures and markets a full line of major appliances and related products, primarily for home use. The company’s principal products are home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, room air-conditioning equipment, and mixers and other small household appliances. The company also produces hermetic compressors and plastic components, primarily for the home appliance and electronics industries.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.08, from 1.19 in 2016Q1. The ratio dived, as 50 funds sold all Whirlpool Corporation shares owned while 189 reduced positions. 76 funds bought stakes while 189 increased positions. They now own 65.34 million shares or 4.77% less from 68.61 million shares in 2016Q1.
New Mexico Educational Retirement Board holds 0.07% of its portfolio in Whirlpool Corporation (NYSE:WHR) for 8,844 shares. Sphinx Trading Limited Partnership owns 2,090 shares or 0.69% of their US portfolio. Tower Bridge Advisors has 0% invested in the company for 36,281 shares. Profund Advisors Llc has 0.02% invested in the company for 2,175 shares. First Midwest Bancorp Division has 1,215 shares for 0.02% of their US portfolio. Principal Grp reported 116,457 shares or 0.03% of all its holdings. Meiji Yasuda Asset Mngmt reported 2,734 shares or 0.07% of all its holdings. Pnc Financial Grp Incorporated last reported 150,466 shares in the company. Moreover, Tyvor Capital Ltd Llc has 1.81% invested in Whirlpool Corporation (NYSE:WHR) for 34,067 shares. Moreover, Goldman Sachs Grp Incorporated has 0.02% invested in Whirlpool Corporation (NYSE:WHR) for 352,480 shares. Aberdeen Asset Mngmt Pcl Uk holds 19,719 shares or 0.01% of its portfolio. Cooke Bieler Ltd Partnership last reported 330,200 shares in the company. Bartlett And Co Limited Liability Com reported 101 shares or 0% of all its holdings. Hancock Holdg has 16,580 shares for 0.12% of their US portfolio. Mycio Wealth Prns Llc owns 1,215 shares or 0.03% of their US portfolio.

Insider Transactions: Since May 2, 2016, the stock had 1 insider buy, and 7 selling transactions for $27.72 million net activity. $192,280 worth of Whirlpool Corporation (NYSE:WHR) was sold by Bitzer Marc R. $17.24 million worth of shares were sold by FETTIG JEFF M on Friday, August 5. $1.87 million worth of Whirlpool Corporation (NYSE:WHR) was sold by SZCZUPAK DAVID T. WHITE MICHAEL D also bought $466,494 worth of Whirlpool Corporation (NYSE:WHR) shares. 20,428 shares were sold by Venturelli Larry M, worth $3.60M on Tuesday, May 10. Another trade for 14,166 shares valued at $2.74 million was sold by Brega Joao Carlos.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The company has a market cap of $12.32 billion. The Firm makes products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. It has a 14.52 P/E ratio. The Company’s divisions include North America, Latin America, EMEA and Asia.

WHR Company Profile

Whirlpool Corporation, incorporated on August 10, 1955, is a maker and marketer of home appliances. The Firm makes products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s divisions include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. The Firm makes and markets a line of home appliances and related products. The Company’s 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.

More important recent Whirlpool Corporation (NYSE:WHR) news were published by: Prnewswire.com which released: “Whirlpool Corporation Declares Quarterly Dividend” on October 18, 2016, also Prnewswire.com published article titled: “Whirlpool Corporation Partners with How2Recycle to Help Consumers Recycle …”, Prnewswire.com published: “Whirlpool Corporation and Drees Homes Announce Continuation of Longtime …” on September 29, 2016. More interesting news about Whirlpool Corporation (NYSE:WHR) was released by: Finance.Yahoo.com and their article: “Whirlpool Corporation Changes the Meaning of Manufacturing with Innovation …” with publication date: October 05, 2016.

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