Principal Financial Group Inc. cut its position in shares of Whirlpool Corp. (NYSE:WHR) by 6.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 116,457 shares of the company’s stock after selling 8,595 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Whirlpool Corp. worth $19,407,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. FineMark National Bank & Trust boosted its stake in shares of Whirlpool Corp. by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock worth $117,000 after buying an additional 76 shares during the last quarter. Barnett & Company Inc. purchased a new stake in shares of Whirlpool Corp. during the first quarter worth about $126,000. Finally, First Manhattan Co. boosted its stake in shares of Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock worth $134,000 after buying an additional 360 shares during the last quarter. 89.59% of the stock is currently owned by institutional investors.
Whirlpool Corp. (NYSE:WHR) opened at 162.16 on Friday. The firm’s 50 day moving average is $173.21 and its 200-day moving average is $176.75. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 14.37 and a beta of 1.71. Whirlpool Corp. has a 12 month low of $123.60 and a 12 month high of $194.10.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings data on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.13. The firm earned $5.21 billion during the quarter, compared to analysts’ expectations of $5.13 billion. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $2.70 earnings per share. On average, equities analysts forecast that Whirlpool Corp. will post $14.69 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.47%. The ex-dividend date was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio (DPR) is presently 35.40%.
WHR has been the topic of a number of research analyst reports. Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price on the stock in a report on Wednesday, June 29th. MKM Partners upped their target price on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 25th. Raymond James Financial Inc. cut shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Gabelli cut shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Whirlpool Corp. has a consensus rating of “Buy” and an average target price of $198.50.
In related news, insider David T. Szczupak sold 10,307 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were 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 in the company, valued at $871,653.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Jeff M. Fettig sold 91,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $189.42, for a total transaction of $17,237,220.00. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.
About Whirlpool Corp.
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.
Receive News & Ratings for Whirlpool Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Corp. and related companies with MarketBeat.com's FREE daily email newsletter.