King Luther Capital Management Corp lessened its holdings in Whirlpool Co. (NYSE:WHR) by 73.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,640 shares of the company’s stock after selling 112,906 shares during the quarter. King Luther Capital Management Corp owned 0.06% of Whirlpool worth $4,826,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bridgewater Associates LP lifted its stake in shares of Whirlpool by 881.4% in the 3rd quarter. Bridgewater Associates LP now owns 132,246 shares of the company’s stock valued at $15,704,000 after acquiring an additional 118,771 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Whirlpool by 36.1% in the 3rd quarter. Primecap Management Co. CA now owns 7,650,140 shares of the company’s stock valued at $908,454,000 after acquiring an additional 2,030,902 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of Whirlpool by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 28,960 shares of the company’s stock valued at $3,439,000 after acquiring an additional 661 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Whirlpool in the 3rd quarter valued at $271,000. Finally, Stevens Capital Management LP bought a new position in shares of Whirlpool in the 3rd quarter valued at $3,534,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on WHR. Credit Suisse Group reiterated a “neutral” rating and issued a $125.00 price target on shares of Whirlpool in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Goldman Sachs Group began coverage on Whirlpool in a research note on Tuesday, October 2nd. They issued a “sell” rating and a $107.00 price target for the company. JPMorgan Chase & Co. cut Whirlpool from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 9th. Finally, MKM Partners set a $146.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Whirlpool presently has an average rating of “Hold” and an average target price of $144.88.
Shares of WHR opened at $120.37 on Friday. The firm has a market capitalization of $7.76 billion, a PE ratio of 8.29, a PEG ratio of 0.82 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.58. Whirlpool Co. has a 52 week low of $102.13 and a 52 week high of $187.47.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.76 by $0.79. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. Whirlpool’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $3.83 EPS. As a group, analysts expect that Whirlpool Co. will post 14.59 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 16th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio is currently 33.48%.
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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