Oppenheimer Asset Management Inc. increased its stake in Whirlpool Co. (NYSE:WHR) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,874 shares of the company’s stock after buying an additional 409 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Whirlpool were worth $409,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in WHR. LLBH Private Wealth Management LLC bought a new position in shares of Whirlpool during the second quarter valued at approximately $177,000. FMR LLC grew its holdings in shares of Whirlpool by 74.6% during the first quarter. FMR LLC now owns 537,349 shares of the company’s stock valued at $71,408,000 after buying an additional 229,637 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Whirlpool by 184.1% during the second quarter. JPMorgan Chase & Co. now owns 332,628 shares of the company’s stock valued at $47,337,000 after buying an additional 215,541 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of Whirlpool by 43.2% during the second quarter. Miller Howard Investments Inc. NY now owns 500,849 shares of the company’s stock valued at $71,301,000 after buying an additional 151,021 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Whirlpool by 6.6% during the first quarter. LSV Asset Management now owns 2,336,988 shares of the company’s stock valued at $310,562,000 after buying an additional 145,582 shares during the last quarter. 94.47% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on WHR shares. ValuEngine upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Tuesday. Gabelli restated a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. Longbow Research set a $178.00 target price on shares of Whirlpool and gave the stock a “buy” rating in a report on Friday, August 2nd. Buckingham Research raised their target price on shares of Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Finally, Zacks Investment Research upgraded shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Whirlpool has an average rating of “Hold” and an average price target of $140.95.
In other news, CFO James W. Peters sold 650 shares of Whirlpool stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.51, for a total transaction of $95,231.50. Following the transaction, the chief financial officer now owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.
Shares of Whirlpool stock traded down $1.38 on Thursday, hitting $151.40. 40,449 shares of the company’s stock were exchanged, compared to its average volume of 807,152. The company has a 50-day simple moving average of $139.54 and a 200-day simple moving average of $137.21. The stock has a market capitalization of $9.64 billion, a PE ratio of 10.00, a PEG ratio of 1.86 and a beta of 1.82. Whirlpool Co. has a 1 year low of $99.40 and a 1 year high of $153.22. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.84.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, July 22nd. The company reported $4.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.21. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.20 EPS. On average, analysts expect that Whirlpool Co. will post 15.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, August 29th. Whirlpool’s dividend payout ratio is presently 31.66%.
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 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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