UMB Bank N A MO purchased a new position in Whirlpool Corp. (NYSE:WHR) during the second quarter, Holdings Channel reports. The firm purchased 1,236 shares of the company’s stock, valued at approximately $206,000.
Several other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Whirlpool Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 629,731 shares of the company’s stock worth $113,334,000 after buying an additional 6,113 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in Whirlpool Corp. during the first quarter worth $889,000. Baker Ellis Asset Management LLC raised its position in Whirlpool Corp. by 3.5% in the first quarter. Baker Ellis Asset Management LLC now owns 5,970 shares of the company’s stock worth $1,077,000 after buying an additional 200 shares during the last quarter. Kennedy Capital Management Inc. raised its position in Whirlpool Corp. by 13.3% in the first quarter. Kennedy Capital Management Inc. now owns 54,354 shares of the company’s stock worth $9,802,000 after buying an additional 6,384 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Whirlpool Corp. during the first quarter worth $182,000. Institutional investors and hedge funds own 89.59% of the company’s stock.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 1.13% during trading on Friday, hitting $162.16. 628,249 shares of the company were exchanged. The firm’s 50-day moving average price is $173.21 and its 200 day moving average price is $176.75. Whirlpool Corp. has a 12 month low of $123.60 and a 12 month high of $194.10. The firm has a market capitalization of $12.23 billion, a PE ratio of 14.37 and a beta of 1.71.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings results on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The company earned $5.21 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same period last year, the firm posted $2.70 EPS. Whirlpool Corp.’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio is presently 35.40%.
WHR has been the subject of a number of recent analyst reports. Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research lowered shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. Bank of America Corp. reiterated a “buy” rating and issued a $230.00 price target on shares of Whirlpool Corp. in a research report on Wednesday, June 8th. MKM Partners upped their price target on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Finally, Raymond James Financial Inc. upgraded shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target for the company in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $198.50.
In other Whirlpool Corp. news, Chairman Jeff M. Fettig sold 91,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $189.42, for a total transaction of $17,237,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David T. Szczupak sold 10,307 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the transaction, the insider now directly owns 4,807 shares of the company’s stock, valued at $871,653.31. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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