Sumitomo Mitsui Trust Holdings Inc. Cuts Stake in Whirlpool Co. (WHR)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Whirlpool Co. (NYSE:WHR) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,617 shares of the company’s stock after selling 25,113 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Whirlpool were worth $26,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WHR. NuWave Investment Management LLC bought a new stake in Whirlpool during the third quarter worth $107,000. Piedmont Investment Advisors LLC bought a new stake in Whirlpool during the second quarter worth $111,000. Stratos Wealth Partners LTD. bought a new stake in Whirlpool during the third quarter worth $116,000. Meeder Asset Management Inc. raised its position in Whirlpool by 735.5% during the third quarter. Meeder Asset Management Inc. now owns 1,036 shares of the company’s stock worth $123,000 after acquiring an additional 912 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in Whirlpool during the third quarter worth $160,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on WHR. MKM Partners set a $146.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Cleveland Research reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Royal Bank of Canada set a $111.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, JPMorgan Chase & Co. lowered shares of Whirlpool from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Whirlpool has a consensus rating of “Hold” and an average target price of $144.88.

NYSE:WHR opened at $121.04 on Friday. Whirlpool Co. has a one year low of $102.13 and a one year high of $187.47. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 0.81 and a beta of 1.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87.

Whirlpool (NYSE:WHR) last released 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 firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the company earned $3.83 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that Whirlpool Co. will post 14.59 earnings per share 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 $1.15 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.60 annualized dividend and a dividend yield of 3.80%. Whirlpool’s dividend payout ratio is currently 33.48%.

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Whirlpool 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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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