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March Appliance Data Sinks Whirlpool Corporation (WHR)

Shares of Whirlpool Corporation (NYSE:WHR) are in the red today despite the broader market rally after initial reports showed softer-than-expected March appliance data. For the month, the Association of Home Appliance Manufacturers via Bloomberg believes shipments of large home appliances inched up to 7.84 million units. That’s up 0.3% year-over-year. Shipments of ranges, ovens, dishwashers, washers, dryers, and freezers increased 0.6% year-over-year to around 4.46 million units.

Given the strong economy, market expectations for the March data may have been higher than today’s print. With that said, shares of Whirlpool Corporation (NYSE:WHR) haven’t performed too badly, falling 6.26% year-to-date. Shares are still up substantially from November when Donald Trump was elected President.

What Does The Smart Money Sentiment Say?

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

Smart money sentiment around Whirlpool has been relatively stable. Of the 742 elite funds we track, 30 funds owned $1.55 billion of Whirlpool Corporation (NYSE:WHR) and accounted for 11.40% of the float on December 31, versus 34 funds and $1.47 billion respectively on September 30. In terms of individual activity in Q4, Edgar Wachenheim‘s Greenhaven Associates inched up its holdings by 3% to 2.66 million shares while David Tepper‘s Appaloosa Management Lp cut its stake by 52% to 566,936 shares.

The Bottom Line

Whirlpool Corporation (NYSE:WHR) shares are down after March appliance data came in under some market expectations. For more reading, check out ‘11 Most Expensive Appliances‘.


Whirlpool Corporation (NYSE:WHR)

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