Whirlpool Corp. (WHR) to Issue $1.00 Quarterly Dividend
Whirlpool Corp. (NYSE:WHR) announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Friday, November 18th will be paid a dividend of 1.00 per share on Thursday, December 15th. This represents a $4.00 dividend on an annualized basis and a yield of 2.45%.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.12% during mid-day trading on Tuesday, reaching $162.82. 183,916 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $166.63 and a 200 day moving average price of $175.66. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 14.43 and a beta of 1.61.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings results on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same period last year, the company earned $2.70 EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts predict that Whirlpool Corp. will post $14.69 EPS for the current year.
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In related news, insider Joao Carlos Brega sold 14,166 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $193.43, for a total transaction of $2,740,129.38. Following the sale, the insider now directly owns 29,043 shares in the company, valued at approximately $5,617,787.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David T. Szczupak sold 10,307 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the sale, the insider now owns 4,807 shares in the company, valued at $871,653.31. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Whirlpool Corp. by 17.7% in the second quarter. BlackRock Inc. now owns 166,596 shares of the company’s stock worth $27,761,000 after buying an additional 25,031 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Whirlpool Corp. during the second quarter worth $2,272,000. BlackRock Japan Co. Ltd raised its stake in shares of Whirlpool Corp. by 6.5% in the second quarter. BlackRock Japan Co. Ltd now owns 104,919 shares of the company’s stock worth $17,484,000 after buying an additional 6,407 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Whirlpool Corp. during the second quarter worth $537,000. Finally, Reliance Trust Co. of Delaware raised its stake in shares of Whirlpool Corp. by 14.0% in the second quarter. Reliance Trust Co. of Delaware now owns 3,148 shares of the company’s stock worth $525,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 89.55% of the company’s stock.
A number of analysts have issued reports on WHR shares. Zacks Investment Research lowered Whirlpool Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Gabelli lowered Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Raymond James Financial Inc. lowered Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 25th. MKM Partners lowered Whirlpool Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $215.00 to $176.00 in a research note on Monday. Finally, Bank of America Corp. reissued a “buy” rating on shares of Whirlpool Corp. in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $193.63.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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