Tyers Asset Management LLC boosted its position in Whirlpool Co. (NYSE:WHR) by 17.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,246 shares of the company’s stock after buying an additional 638 shares during the quarter. Tyers Asset Management LLC’s holdings in Whirlpool were worth $604,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the business. Hartline Investment Corp boosted its stake in Whirlpool by 1.9% in the 2nd quarter. Hartline Investment Corp now owns 4,053 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the period. Huntington National Bank lifted its position in shares of Whirlpool by 1.1% during the 2nd quarter. Huntington National Bank now owns 7,044 shares of the company’s stock valued at $1,004,000 after acquiring an additional 77 shares during the period. Mason Street Advisors LLC lifted its position in shares of Whirlpool by 0.9% during the 1st quarter. Mason Street Advisors LLC now owns 9,076 shares of the company’s stock valued at $1,206,000 after acquiring an additional 80 shares during the period. Trustcore Financial Services LLC lifted its position in shares of Whirlpool by 45.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock valued at $38,000 after acquiring an additional 83 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Whirlpool by 1.5% during the 2nd quarter. M&T Bank Corp now owns 6,651 shares of the company’s stock valued at $947,000 after acquiring an additional 99 shares during the period. 94.47% of the stock is currently owned by hedge funds and other institutional investors.
In other Whirlpool news, CFO James W. Peters sold 650 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.51, for a total value of $95,231.50. Following the completion of the transaction, the chief financial officer now owns 18,569 shares of the company’s stock, valued at approximately $2,720,544.19. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.
WHR traded down $0.51 on Friday, reaching $150.32. The stock had a trading volume of 13,539 shares, compared to its average volume of 578,985. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $153.22. The firm has a 50-day moving average of $139.54 and a 200-day moving average of $137.21. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.90 and a beta of 1.82.
Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Whirlpool Co. will post 15.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $4.80 dividend on an annualized basis and a yield of 3.19%. Whirlpool’s payout ratio is presently 31.66%.
A number of analysts have recently weighed in on the company. Buckingham Research upped their target price on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research report on Thursday, August 22nd. TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. ValuEngine upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, Longbow Research set a $178.00 price objective on Whirlpool and gave the stock a “buy” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $140.95.
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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