American International Group Inc. raised its holdings in Whirlpool Co. (NYSE:WHR) by 36.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,951 shares of the company’s stock after acquiring an additional 9,878 shares during the quarter. American International Group Inc. owned approximately 0.06% of Whirlpool worth $4,388,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC grew its position in Whirlpool by 47.0% in the 2nd quarter. Private Advisor Group LLC now owns 3,029 shares of the company’s stock valued at $445,000 after acquiring an additional 968 shares during the last quarter. Fairpointe Capital LLC grew its position in Whirlpool by 8.5% in the 2nd quarter. Fairpointe Capital LLC now owns 673,541 shares of the company’s stock valued at $98,492,000 after acquiring an additional 52,684 shares during the last quarter. Toronto Dominion Bank grew its position in Whirlpool by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 46,685 shares of the company’s stock valued at $6,826,000 after acquiring an additional 7,466 shares during the last quarter. Brandes Investment Partners LP grew its position in Whirlpool by 59.7% in the 2nd quarter. Brandes Investment Partners LP now owns 18,339 shares of the company’s stock valued at $2,682,000 after acquiring an additional 6,858 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new position in Whirlpool in the 2nd quarter valued at $4,285,000. 92.73% of the stock is currently owned by institutional investors.
WHR opened at $120.37 on Friday. Whirlpool Co. has a 12-month low of $102.13 and a 12-month high of $187.47. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87. The firm has a market cap of $7.72 billion, a PE ratio of 8.76, a PEG ratio of 0.81 and a beta of 1.53.
Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.79. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The business had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the company earned $3.83 EPS. The business’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts expect that Whirlpool Co. will post 14.59 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Friday, November 16th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s payout ratio is 33.48%.
WHR has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on Whirlpool in a research report on Tuesday, October 2nd. They issued a “sell” rating and a $107.00 price objective on the stock. JPMorgan Chase & Co. downgraded Whirlpool from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 9th. Royal Bank of Canada set a $111.00 price objective on Whirlpool and gave the company a “hold” rating in a research report on Friday, October 26th. Cleveland Research reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Finally, Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $144.88.
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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