Pinebridge Investments L.P. Raises Position in Whirlpool Co. (NYSE:WHR)

Pinebridge Investments L.P. raised its holdings in shares of Whirlpool Co. (NYSE:WHR) by 38.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,681 shares of the company’s stock after acquiring an additional 7,102 shares during the period. Pinebridge Investments L.P.’s holdings in Whirlpool were worth $2,940,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Savant Capital LLC grew its holdings in shares of Whirlpool by 3.8% during the fourth quarter. Savant Capital LLC now owns 2,406 shares of the company’s stock worth $275,000 after purchasing an additional 89 shares in the last quarter. Allworth Financial LP grew its stake in Whirlpool by 17.3% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $76,000 after buying an additional 98 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Whirlpool by 4.5% in the 3rd quarter. Westside Investment Management Inc. now owns 2,345 shares of the company’s stock worth $251,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Whirlpool by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company’s stock worth $1,752,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in shares of Whirlpool by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 13,100 shares of the company’s stock valued at $1,500,000 after buying an additional 100 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Price Performance

WHR stock opened at $77.42 on Friday. The firm has a market cap of $4.29 billion, a P/E ratio of -13.21 and a beta of 1.31. The firm’s fifty day moving average is $89.83 and its 200 day moving average is $104.80. Whirlpool Co. has a 52 week low of $75.03 and a 52 week high of $135.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.06). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter in the prior year, the firm posted $1.78 EPS. Research analysts predict that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.04%. The ex-dividend date is Friday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 5,000.00%.

Wall Street Analyst Weigh In

WHR has been the subject of several research reports. The Goldman Sachs Group upped their target price on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com cut Whirlpool from a “hold” rating to a “sell” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.00.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.