Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,128 shares of the company’s stock after selling 4,274 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.32% of Whirlpool worth $42,998,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WHR. Vanguard Group Inc. increased its position in Whirlpool by 0.3% during the second quarter. Vanguard Group Inc. now owns 7,314,502 shares of the company’s stock worth $1,401,605,000 after buying an additional 23,724 shares during the last quarter. Greenhaven Associates Inc. increased its position in Whirlpool by 0.8% during the third quarter. Greenhaven Associates Inc. now owns 2,759,675 shares of the company’s stock worth $508,994,000 after buying an additional 22,525 shares during the last quarter. Harris Associates L P increased its position in Whirlpool by 12.5% during the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after buying an additional 241,659 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Whirlpool by 7.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock worth $338,912,000 after buying an additional 122,189 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Whirlpool by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,141,492 shares of the company’s stock worth $218,713,000 after buying an additional 79,088 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine raised Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Credit Suisse Group set a $187.00 target price on Whirlpool and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada downgraded Whirlpool from a “top pick” rating to a “sector perform” rating and decreased their target price for the company from $209.00 to $184.00 in a research report on Tuesday, October 24th. Finally, Bank of America downgraded Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Whirlpool currently has a consensus rating of “Hold” and an average target price of $183.60.
Whirlpool Co. (NYSE WHR) traded down $0.01 during trading on Wednesday, hitting $169.11. The stock had a trading volume of 463,255 shares, compared to its average volume of 850,553. Whirlpool Co. has a 52 week low of $158.80 and a 52 week high of $202.99. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $12,190.08, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. Whirlpool’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.66 EPS. sell-side analysts predict that Whirlpool Co. will post 13.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s dividend payout ratio is currently 41.47%.
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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