First Republic Investment Management Inc. increased its position in shares of Whirlpool Co. (NYSE:WHR) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,868 shares of the company’s stock after purchasing an additional 15,690 shares during the quarter. First Republic Investment Management Inc. owned 0.14% of Whirlpool worth $13,434,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Assetmark Inc. increased its position in Whirlpool by 88.1% during the first quarter. Assetmark Inc. now owns 713 shares of the company’s stock worth $109,000 after buying an additional 334 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Whirlpool during the second quarter worth $111,000. Clearwater Capital Advisors LLC purchased a new position in Whirlpool during the first quarter worth $126,000. FNY Investment Advisers LLC purchased a new position in Whirlpool during the second quarter worth $123,000. Finally, Norway Savings Bank purchased a new position in Whirlpool during the second quarter worth $132,000. 93.16% of the stock is owned by hedge funds and other institutional investors.
WHR has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on Whirlpool from $210.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, June 1st. ValuEngine downgraded Whirlpool from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Credit Suisse Group raised Whirlpool from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research report on Monday, June 4th. Zacks Investment Research downgraded Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 7th. Finally, Standpoint Research initiated coverage on Whirlpool in a research report on Tuesday, July 10th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Whirlpool currently has a consensus rating of “Hold” and an average target price of $174.75.
Shares of NYSE:WHR opened at $125.67 on Monday. The firm has a market capitalization of $8.11 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.58. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 1.43. Whirlpool Co. has a 52 week low of $122.20 and a 52 week high of $190.73.
Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, July 23rd. The company reported $3.20 EPS for the quarter, missing the Zacks’ consensus estimate of $3.63 by ($0.43). The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. Whirlpool’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.35 EPS. research analysts anticipate that Whirlpool Co. will post 14.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 15th. Stockholders of record on Friday, August 31st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Thursday, August 30th. Whirlpool’s dividend payout ratio is currently 33.48%.
In other Whirlpool news, Director Diane M. Dietz acquired 1,600 shares of the stock in a transaction dated Thursday, July 26th. The stock was acquired at an average price of $124.26 per share, with a total value of $198,816.00. Following the completion of the transaction, the director now directly owns 8,339 shares in the company, valued at $1,036,204.14. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.83% of the stock is owned by insiders.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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