BlackRock Inc. cut its holdings in Whirlpool Co. (NYSE:WHR) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,434,214 shares of the company’s stock after selling 306,096 shares during the quarter. BlackRock Inc. owned about 0.07% of Whirlpool worth $526,562,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC raised its position in shares of Whirlpool by 47.0% in the second quarter. Private Advisor Group LLC now owns 3,029 shares of the company’s stock valued at $445,000 after purchasing an additional 968 shares during the period. Fairpointe Capital LLC raised its position in shares of Whirlpool by 8.5% in the second quarter. Fairpointe Capital LLC now owns 673,541 shares of the company’s stock valued at $98,492,000 after purchasing an additional 52,684 shares during the period. Toronto Dominion Bank raised its position in shares of Whirlpool by 19.0% in the second quarter. Toronto Dominion Bank now owns 46,685 shares of the company’s stock valued at $6,826,000 after purchasing an additional 7,466 shares during the period. Brandes Investment Partners LP raised its position in shares of Whirlpool by 59.7% in the second quarter. Brandes Investment Partners LP now owns 18,339 shares of the company’s stock valued at $2,682,000 after purchasing an additional 6,858 shares during the period. Finally, First Manhattan Co. raised its position in shares of Whirlpool by 7,147.5% in the third quarter. First Manhattan Co. now owns 14,495 shares of the company’s stock valued at $1,721,000 after purchasing an additional 14,295 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.
A number of equities analysts have recently commented on the stock. MKM Partners set a $146.00 price target on shares of Whirlpool and gave the company a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Credit Suisse Group reissued a “neutral” rating and issued a $125.00 price target on shares of Whirlpool in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Cleveland Research reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada set a $111.00 target price on shares of Whirlpool and gave the stock a “hold” rating in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $144.88.
Shares of WHR stock opened at $120.37 on Friday. Whirlpool Co. has a 1 year low of $102.13 and a 1 year high of $187.47. The firm has a market cap of $7.72 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.81 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.76 by $0.79. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the firm posted $3.83 earnings per share. Whirlpool’s revenue was down 1.7% compared to the same quarter last year. Analysts predict that Whirlpool Co. will post 14.59 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 16th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio (DPR) is currently 33.48%.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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