First Washington CORP continued to hold its position in Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,796 shares of the company’s stock at the end of the 2nd quarter. First Washington CORP’s holdings in Whirlpool Corporation were worth $2,835,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new stake in shares of Whirlpool Corporation in the 2nd quarter worth about $100,000. Northwestern Mutual Wealth Management Co. increased its stake in Whirlpool Corporation by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares during the period. Global X Management Co. LLC increased its stake in Whirlpool Corporation by 33.1% during the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after buying an additional 246 shares during the period. LLBH Private Wealth Management LLC increased its stake in Whirlpool Corporation by 0.4% during the 1st quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after buying an additional 5 shares during the period. Finally, IBM Retirement Fund acquired a new position in Whirlpool Corporation during the 2nd quarter valued at about $205,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.
WHR has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $216.00 target price on shares of Whirlpool Corporation in a research note on Friday, June 2nd. Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.69% of the stock is currently owned by insiders.
Shares of Whirlpool Corporation (WHR) traded up 0.45% on Tuesday, hitting $174.38. 101,818 shares of the company’s stock traded hands. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 17.45 and a beta of 1.77. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The firm’s 50-day moving average price is $174.24 and its 200 day moving average price is $180.20.
Whirlpool Corporation (NYSE:WHR) last posted its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. Whirlpool Corporation’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. On average, equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current year.
Whirlpool Corporation declared that its board has authorized a share repurchase program on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $1.10 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.53%. Whirlpool Corporation’s dividend payout ratio is presently 44.04%.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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