Shell Asset Management Co. lessened its holdings in shares of Whirlpool Co. (NYSE:WHR) by 18.4% in the 3rd quarter, Holdings Channel reports. The firm owned 4,384 shares of the company’s stock after selling 989 shares during the quarter. Shell Asset Management Co.’s holdings in Whirlpool were worth $521,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of WHR. NuWave Investment Management LLC bought a new position in Whirlpool during the third quarter valued at about $107,000. Piedmont Investment Advisors LLC bought a new position in Whirlpool during the second quarter valued at about $111,000. Stratos Wealth Partners LTD. bought a new position in Whirlpool during the third quarter valued at about $116,000. KHP Capital LLC increased its stake in Whirlpool by 243.3% during the third quarter. KHP Capital LLC now owns 1,030 shares of the company’s stock valued at $122,000 after acquiring an additional 730 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Whirlpool by 735.5% during the third quarter. Meeder Asset Management Inc. now owns 1,036 shares of the company’s stock valued at $123,000 after acquiring an additional 912 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. MKM Partners set a $146.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, October 16th. Raymond James lowered their price target on Whirlpool from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Credit Suisse Group set a $125.00 price target on Whirlpool and gave the company a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Royal Bank of Canada set a $111.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $144.88.
WHR stock opened at $120.37 on Friday. The company has a market capitalization of $7.76 billion, a PE ratio of 8.76, a P/E/G ratio of 0.82 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 Co. has a 1-year low of $102.13 and a 1-year high of $187.47.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.76 by $0.79. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. Whirlpool’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.83 EPS. Analysts forecast that Whirlpool Co. will post 14.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Friday, November 16th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s payout ratio is currently 33.48%.
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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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