Wellington Shields Capital Management LLC boosted its position in shares of Whirlpool Co. (NYSE:WHR) by 43.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,874 shares of the company’s stock after acquiring an additional 3,924 shares during the period. Wellington Shields Capital Management LLC’s holdings in Whirlpool were worth $1,529,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of WHR. Adviser Investments LLC raised its holdings in Whirlpool by 1.7% during the 2nd quarter. Adviser Investments LLC now owns 24,084 shares of the company’s stock valued at $3,522,000 after buying an additional 404 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Whirlpool by 6.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,859 shares of the company’s stock worth $1,003,000 after buying an additional 416 shares during the period. Tyers Asset Management LLC grew its position in shares of Whirlpool by 1.8% in the 2nd quarter. Tyers Asset Management LLC now owns 24,046 shares of the company’s stock worth $3,516,000 after buying an additional 418 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Whirlpool by 3.7% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 11,824 shares of the company’s stock worth $1,729,000 after buying an additional 419 shares during the period. Finally, Atlantic Trust LLC grew its position in shares of Whirlpool by 46.5% in the 2nd quarter. Atlantic Trust LLC now owns 1,465 shares of the company’s stock worth $214,000 after buying an additional 465 shares during the period. 92.67% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. MKM Partners set a $146.00 target price on shares of Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Royal Bank of Canada downgraded shares of Whirlpool from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 25th. Credit Suisse Group set a $175.00 target price on shares of Whirlpool and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Finally, Longbow Research downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 target price on the stock. in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $144.88.
Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the firm posted $3.83 EPS. Whirlpool’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts predict that Whirlpool Co. will post 14.59 earnings per share for the current fiscal year.
The company also recently disclosed 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 3.94%. The ex-dividend date is Thursday, November 15th. Whirlpool’s dividend payout ratio (DPR) is 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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