Retirement Systems of Alabama trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR) by 1.7% in the third quarter, HoldingsChannel.com reports. The fund owned 29,773 shares of the company’s stock after selling 503 shares during the quarter. Retirement Systems of Alabama’s holdings in Whirlpool were worth $3,536,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in WHR. Iridian Asset Management LLC CT bought a new position in shares of Whirlpool during the 2nd quarter worth about $125,557,000. Hexavest Inc. bought a new position in Whirlpool during the 2nd quarter valued at about $34,408,000. LSV Asset Management lifted its holdings in Whirlpool by 12.1% during the 2nd quarter. LSV Asset Management now owns 1,899,080 shares of the company’s stock valued at $277,702,000 after purchasing an additional 205,203 shares during the last quarter. South Texas Money Management Ltd. bought a new position in Whirlpool during the 2nd quarter valued at about $18,437,000. Finally, ING Groep NV lifted its holdings in Whirlpool by 3,273.6% during the 2nd quarter. ING Groep NV now owns 111,125 shares of the company’s stock valued at $16,250,000 after purchasing an additional 107,831 shares during the last quarter. 92.67% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the stock. MKM Partners set a $146.00 price target on shares of Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 16th. Zacks Investment Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 25th. Credit Suisse Group set a $175.00 price target on shares of Whirlpool and gave the company a “buy” rating in a report on Tuesday, July 24th. Longbow Research downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price target for the company. in a report on Tuesday, July 24th. Finally, Royal Bank of Canada downgraded shares of Whirlpool from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Whirlpool presently has a consensus rating of “Hold” and an average target price of $144.88.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.76 by $0.79. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the firm posted $3.83 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities research analysts expect that Whirlpool Co. will post 14.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio is presently 33.48%.
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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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