Whirlpool Corporation (WHR) Stepping On Toes As It Makes Play For AGA Rangemaster Group

Delving deeper into how professional money managers are treating Whirlpool Corporation (NYSE:WHR), a total of 37 funds had aggregate investments of $1.66 billion in the company at the end of June compared to 36 firms with $1.78 billion in holdings at the end of March. Edgar Wachenheim‘s Greenhaven Associates and Ric Dillon‘s Diamond Hill Capital are the two largest stockholders of Whirlpool Corporation (NYSE:WHR) among those, with respective holdings of 2.52 million shares valued at $437.21 million and 1.94 million shares valued at $336.19 million.

RBC Markets recently reiterated its ‘Outperform’ rating for Whirlpool Corporation (NYSE:WHR) while increasing its price target to $213 from $210, which offers an upside of nearly 30% to the current stock price. Moreover, with a forward earnings multiple of about 11, the stock has an attractive valuation, especially considering the insider purchases and the hedge fund sentiment. We would recommend a long position in the company given the current downswing in the market. The payoff could be considerable in the long run.

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