State Street Corp Lowers Stake in Whirlpool Corporation (WHR)

State Street Corp reduced its stake in shares of Whirlpool Corporation (NYSE:WHR) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,506,169 shares of the company’s stock after selling 105,345 shares during the period. State Street Corp owned approximately 4.80% of Whirlpool Corporation worth $671,844,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WHR. Victory Capital Management Inc. lifted its stake in shares of Whirlpool Corporation by 15.7% during the first quarter. Victory Capital Management Inc. now owns 7,030 shares of the company’s stock worth $1,204,000 after buying an additional 953 shares during the period. Credit Agricole S A lifted its stake in shares of Whirlpool Corporation by 7.9% during the first quarter. Credit Agricole S A now owns 33,840 shares of the company’s stock worth $5,799,000 after buying an additional 2,479 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Whirlpool Corporation by 0.7% during the first quarter. Principal Financial Group Inc. now owns 113,483 shares of the company’s stock worth $19,443,000 after buying an additional 803 shares during the period. Probity Advisors Inc. lifted its stake in shares of Whirlpool Corporation by 22.6% during the first quarter. Probity Advisors Inc. now owns 5,396 shares of the company’s stock worth $924,000 after buying an additional 994 shares during the period. Finally, Taylor Asset Management Inc. lifted its stake in shares of Whirlpool Corporation by 22.8% during the first quarter. Taylor Asset Management Inc. now owns 196,700 shares of the company’s stock worth $33,700,000 after buying an additional 36,500 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.

Several research firms have recently commented on WHR. Royal Bank Of Canada reiterated a “top pick” rating and set a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. BidaskClub downgraded shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, ValuEngine upgraded shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Whirlpool Corporation has a consensus rating of “Hold” and a consensus price target of $192.17.

In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.69% of the company’s stock.

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Whirlpool Corporation (NYSE:WHR) opened at 177.51 on Wednesday. The company’s 50-day moving average is $175.01 and its 200-day moving average is $180.57. The firm has a market capitalization of $12.95 billion, a P/E ratio of 17.77 and a beta of 1.76. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.

Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data 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). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Whirlpool Corporation will post $14.64 EPS for the current year.

Whirlpool Corporation declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization al

Several other large investors also recently bought and sold shares of WHR. Victory Capital Management Inc. lifted its stake in shares of Whirlpool Corporation by 15.7% during the first quarter. Victory Capital Management Inc. now owns 7,030 shares of the company’s stock worth $1,204,000 after buying an additional 953 shares during the period. Credit Agricole S A lifted its stake in shares of Whirlpool Corporation by 7.9% during the first quarter. Credit Agricole S A now owns 33,840 shares of the company’s stock worth $5,799,000 after buying an additional 2,479 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Whirlpool Corporation by 0.7% during the first quarter. Principal Financial Group Inc. now owns 113,483 shares of the company’s stock worth $19,443,000 after buying an additional 803 shares during the period. Probity Advisors Inc. lifted its stake in shares of Whirlpool Corporation by 22.6% during the first quarter. Probity Advisors Inc. now owns 5,396 shares of the company’s stock worth $924,000 after buying an additional 994 shares during the period. Finally, Taylor Asset Management Inc. lifted its stake in shares of Whirlpool Corporation by 22.8% during the first quarter. Taylor Asset Management Inc. now owns 196,700 shares of the company’s stock worth $33,700,000 after buying an additional 36,500 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.

Several research firms have recently commented on WHR. Royal Bank Of Canada reiterated a “top pick” rating and set a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. BidaskClub downgraded shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, ValuEngine upgraded shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Whirlpool Corporation has a consensus rating of “Hold” and a consensus price target of $192.17.

In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/state-street-corp-lowers-stake-in-whirlpool-corporation-whr.html.

Whirlpool Corporation (NYSE:WHR) opened at 177.51 on Wednesday. The company’s 50-day moving average is $175.01 and its 200-day moving average is $180.57. The firm has a market capitalization of $12.95 billion, a P/E ratio of 17.77 and a beta of 1.76. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.

Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data 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). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Whirlpool Corporation will post $14.64 EPS for the current year.

Whirlpool Corporation declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 16.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is currently 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.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

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