Tower Bridge Advisors increased its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 26.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,880 shares of the company’s stock after buying an additional 12,447 shares during the period. Whirlpool Corporation accounts for about 1.2% of Tower Bridge Advisors’ investment portfolio, making the stock its 29th biggest holding. Tower Bridge Advisors owned approximately 0.08% of Whirlpool Corporation worth $10,860,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WHR. Dupont Capital Management Corp bought a new stake in Whirlpool Corporation in the second quarter valued at approximately $100,000. Sun Life Financial INC increased its stake in Whirlpool Corporation by 7,628.6% in the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after purchasing an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Whirlpool Corporation by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after purchasing an additional 135 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Whirlpool Corporation in the second quarter valued at approximately $153,000. Finally, WESPAC Advisors SoCal LLC bought a new stake in Whirlpool Corporation in the second quarter valued at approximately $191,000. 93.39% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on WHR shares. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. MKM Partners set a $177.00 price target on shares of Whirlpool Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Credit Suisse Group set a $187.00 price target on shares of Whirlpool Corporation and gave the company a “neutral” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Whirlpool Corporation presently has a consensus rating of “Hold” and a consensus price target of $184.67.
Shares of Whirlpool Corporation (NYSE:WHR) traded down $0.12 on Monday, reaching $161.93. 127,482 shares of the company traded hands, compared to its average volume of 849,805. Whirlpool Corporation has a fifty-two week low of $159.71 and a fifty-two week high of $202.99. The firm has a market capitalization of $11,650.00, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.90 and a quick ratio of 0.55.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the company posted $3.66 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts predict that Whirlpool Corporation will post 13.7 EPS for the current year.
Whirlpool Corporation declared that its Board of Directors has approved a stock buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to reacquire up to 16.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s payout ratio is 41.51%.
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About Whirlpool Corporation
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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