Ontario Teachers Pension Plan Board reduced its position in shares of Whirlpool Co. (NYSE:WHR) by 49.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,149 shares of the company’s stock after selling 6,982 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Whirlpool were worth $613,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC bought a new stake in Whirlpool during the 1st quarter valued at about $82,574,000. Foundry Partners LLC increased its stake in Whirlpool by 0.6% during the 1st quarter. Foundry Partners LLC now owns 90,619 shares of the company’s stock valued at $7,775,000 after purchasing an additional 524 shares in the last quarter. Swiss National Bank increased its stake in Whirlpool by 22.4% during the 1st quarter. Swiss National Bank now owns 245,211 shares of the company’s stock valued at $21,039,000 after purchasing an additional 44,900 shares in the last quarter. BRYN MAWR TRUST Co bought a new stake in shares of Whirlpool in the first quarter worth approximately $403,000. Finally, First Allied Advisory Services Inc. grew its stake in shares of Whirlpool by 525.8% in the first quarter. First Allied Advisory Services Inc. now owns 14,092 shares of the company’s stock worth $1,209,000 after acquiring an additional 11,840 shares during the period. Institutional investors and hedge funds own 99.00% of the company’s stock.
Shares of NYSE WHR opened at $119.70 on Friday. The firm has a 50 day moving average of $104.51 and a 200 day moving average of $129.97. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.73 and a beta of 1.98. Whirlpool Co. has a 12-month low of $64.00 and a 12-month high of $163.64.
Whirlpool (NYSE:WHR) last announced its earnings results on Thursday, April 30th. The company reported $2.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.82. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.30 billion. Whirlpool had a net margin of 4.33% and a return on equity of 25.56%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.11 earnings per share. Sell-side analysts predict that Whirlpool Co. will post 9.85 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, May 14th. Whirlpool’s dividend payout ratio is currently 30.00%.
In other news, EVP Shengpo Wu purchased 500 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $113.00 per share, with a total value of $56,500.00. Following the completion of the acquisition, the executive vice president now directly owns 6,648 shares of the company’s stock, valued at $751,224. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.
WHR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Whirlpool from $100.00 to $124.00 and gave the stock an “average” rating in a research note on Tuesday, May 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Monday, March 30th. Longbow Research reduced their price target on shares of Whirlpool from $178.00 to $112.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Royal Bank of Canada lifted their price target on shares of Whirlpool from $71.00 to $80.00 and gave the stock an “underperform” rating in a research note on Monday, May 4th. Finally, Deutsche Bank lifted their price target on shares of Whirlpool from $94.00 to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $129.13.
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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