IFM Investors Pty Ltd increased its stake in Whirlpool Co. (NYSE:WHR) by 35.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,602 shares of the company’s stock after purchasing an additional 1,735 shares during the period. IFM Investors Pty Ltd’s holdings in Whirlpool were worth $1,045,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. ARP Americas LP raised its position in Whirlpool by 82.3% during the 3rd quarter. ARP Americas LP now owns 11,300 shares of the company’s stock worth $1,789,000 after buying an additional 5,100 shares during the last quarter. Russell Investments Group Ltd. raised its position in Whirlpool by 14.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 70,605 shares of the company’s stock worth $11,157,000 after buying an additional 8,740 shares during the last quarter. Hudock Capital Group LLC raised its position in Whirlpool by 254.7% during the 3rd quarter. Hudock Capital Group LLC now owns 454 shares of the company’s stock worth $71,000 after buying an additional 326 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Whirlpool by 64.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,734 shares of the company’s stock worth $750,000 after buying an additional 1,860 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Whirlpool by 22.3% during the 3rd quarter. California Public Employees Retirement System now owns 165,540 shares of the company’s stock worth $26,215,000 after buying an additional 30,210 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.
A number of equities analysts have issued reports on WHR shares. Bank of America raised their price target on shares of Whirlpool from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Peel Hunt reaffirmed a “buy” rating on shares of Whirlpool in a report on Tuesday, October 22nd. Longbow Research set a $178.00 target price on shares of Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Whirlpool from $172.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Buckingham Research set a $150.00 target price on shares of Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $153.94.
Shares of NYSE:WHR traded down $1.54 during trading on Friday, hitting $154.77. 542,788 shares of the stock traded hands, compared to its average volume of 791,267. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 2.44 and a beta of 1.78. The company has a fifty day moving average price of $155.85 and a two-hundred day moving average price of $142.41. Whirlpool Co. has a 52-week low of $99.40 and a 52-week high of $163.64.
Whirlpool (NYSE:WHR) last posted its earnings results on Tuesday, October 22nd. The company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.14 billion. Whirlpool had a net margin of 5.15% and a return on equity of 28.06%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.55 EPS. On average, equities research analysts predict that Whirlpool Co. will post 15.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, November 14th. Whirlpool’s payout ratio is presently 31.66%.
In related news, Director Gary T. Dicamillo sold 833 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $153.41, for a total value of $127,790.53. Following the completion of the sale, the director now owns 6,667 shares of the company’s stock, valued at approximately $1,022,784.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.
Whirlpool Company Profile
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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