Manitou Investment Management Ltd. trimmed its holdings in Whirlpool Co. (NYSE:WHR) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 226,151 shares of the company’s stock after selling 12,058 shares during the quarter. Whirlpool makes up about 8.7% of Manitou Investment Management Ltd.’s portfolio, making the stock its 2nd biggest position. Manitou Investment Management Ltd. owned 0.36% of Whirlpool worth $35,813,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of WHR. Benjamin F. Edwards & Company Inc. raised its stake in Whirlpool by 12.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 7,901 shares of the company’s stock worth $1,251,000 after acquiring an additional 882 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Whirlpool in the third quarter valued at approximately $928,000. Daiwa Securities Group Inc. increased its stake in shares of Whirlpool by 26.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,954 shares of the company’s stock valued at $468,000 after purchasing an additional 625 shares during the period. Keybank National Association OH increased its stake in shares of Whirlpool by 1.7% in the third quarter. Keybank National Association OH now owns 8,600 shares of the company’s stock valued at $1,362,000 after purchasing an additional 143 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Whirlpool by 6.6% in the third quarter. Cullen Frost Bankers Inc. now owns 5,120 shares of the company’s stock valued at $811,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.
WHR has been the topic of several analyst reports. TheStreet upgraded shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Longbow Research set a $178.00 price target on shares of Whirlpool and gave the company a “buy” rating in a research note on Friday, August 2nd. Bank of America raised their price target on shares of Whirlpool from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Peel Hunt restated a “buy” rating on shares of Whirlpool in a research note on Tuesday, October 22nd. Finally, ValuEngine upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $153.94.
NYSE:WHR traded down $1.54 during trading hours on Friday, reaching $154.77. 542,788 shares of the company’s stock were exchanged, compared to its average volume of 791,267. The company has a market capitalization of $9.97 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 2.44 and a beta of 1.78. Whirlpool Co. has a 12 month low of $99.40 and a 12 month high of $163.64. 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 business’s 50-day simple moving average is $155.85 and its two-hundred day simple moving average is $142.41.
Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.07. Whirlpool had a net margin of 5.15% and a return on equity of 28.06%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business posted $4.55 EPS. The company’s revenue was down 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Whirlpool Co. will post 15.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a $1.20 dividend. The ex-dividend date is Thursday, November 14th. This represents a $4.80 dividend on an annualized basis and a yield of 3.10%. Whirlpool’s payout ratio is 31.66%.
In other Whirlpool news, Director Gary T. Dicamillo sold 833 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,022,784.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by corporate 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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