Utah Retirement Systems cut its holdings in Whirlpool Co. (NYSE:WHR) by 9.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,659 shares of the company’s stock after selling 1,200 shares during the period. Utah Retirement Systems’ holdings in Whirlpool were worth $1,385,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in shares of Whirlpool by 6.5% in the second quarter. Advisors Asset Management Inc. now owns 6,859 shares of the company’s stock worth $1,003,000 after purchasing an additional 416 shares during the period. Tyers Asset Management LLC increased its stake in shares of Whirlpool by 1.8% in the second quarter. Tyers Asset Management LLC now owns 24,046 shares of the company’s stock worth $3,516,000 after purchasing an additional 418 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Whirlpool by 3.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 11,824 shares of the company’s stock worth $1,729,000 after purchasing an additional 419 shares during the period. Atlantic Trust LLC increased its stake in shares of Whirlpool by 46.5% in the second quarter. Atlantic Trust LLC now owns 1,465 shares of the company’s stock worth $214,000 after purchasing an additional 465 shares during the period. Finally, Global X Management Co LLC increased its stake in Whirlpool by 38.3% during the second quarter. Global X Management Co LLC now owns 1,823 shares of the company’s stock valued at $267,000 after acquiring an additional 505 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.
Shares of 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 stock has a market cap of $7.76 billion, a P/E ratio of 8.76, a PEG ratio of 0.82 and a beta of 1.53.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.79. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 earnings per share. Analysts anticipate that Whirlpool Co. will post 14.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s payout ratio is 33.48%.
Several equities analysts recently issued reports on WHR shares. Credit Suisse Group set a $125.00 price target on Whirlpool and gave the company a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Royal Bank of Canada set a $111.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 26th. 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. Finally, Cleveland Research restated a “hold” rating on shares of Whirlpool in a research note on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $144.88.
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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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