London Co. of Virginia increased its position in shares of Whirlpool Co. (NYSE:WHR) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,168 shares of the company’s stock after purchasing an additional 4,521 shares during the period. London Co. of Virginia owned 0.24% of Whirlpool worth $16,155,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WHR. Pacer Advisors Inc. increased its holdings in Whirlpool by 29.3% in the 3rd quarter. Pacer Advisors Inc. now owns 4,072 shares of the company’s stock valued at $484,000 after acquiring an additional 922 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Whirlpool by 19.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 33,972 shares of the company’s stock worth $3,631,000 after buying an additional 5,500 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Whirlpool by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,780,498 shares of the company’s stock worth $805,183,000 after buying an additional 62,275 shares during the last quarter. Strs Ohio increased its holdings in shares of Whirlpool by 8.4% in the 4th quarter. Strs Ohio now owns 6,981 shares of the company’s stock worth $746,000 after buying an additional 542 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Whirlpool by 13.5% during the 3rd quarter. Verition Fund Management LLC now owns 8,401 shares of the company’s stock worth $998,000 after purchasing an additional 999 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.
A number of equities analysts recently commented on the stock. Royal Bank of Canada cut shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target for the company. in a research note on Wednesday, January 30th. Raymond James cut shares of Whirlpool from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Buckingham Research assumed coverage on shares of Whirlpool in a research note on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price target for the company. Zacks Investment Research cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $125.00 price target on shares of Whirlpool in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $146.40.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $0.45. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $4.10 EPS. As a group, research analysts expect that Whirlpool Co. will post 14.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $1.15 dividend. The ex-dividend date is Thursday, February 28th. This represents a $4.60 annualized dividend and a yield of 3.47%. Whirlpool’s dividend payout ratio (DPR) is 30.34%.
In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $133.54, for a total value of $379,921.30. Following the completion of the sale, the director now directly owns 6,550 shares of the company’s stock, valued at approximately $874,687. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.
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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