Emerald Mutual Fund Advisers Trust decreased its position in shares of Whirlpool Corp. (NYSE:WHR) by 27.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,234 shares of the company’s stock after selling 460 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Whirlpool Corp. were worth $206,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairpointe Capital LLC bought a new stake in Whirlpool Corp. during the first quarter worth about $88,525,000. Capital Growth Management LP raised its stake in Whirlpool Corp. by 28.7% in the first quarter. Capital Growth Management LP now owns 785,000 shares of the company’s stock worth $141,567,000 after buying an additional 175,000 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Whirlpool Corp. by 288.9% in the first quarter. Pictet Asset Management Ltd. now owns 195,827 shares of the company’s stock worth $30,416,000 after buying an additional 145,474 shares during the last quarter. Anchor Bolt Capital LP bought a new stake in Whirlpool Corp. during the first quarter worth about $23,093,000. Finally, Bank of Montreal Can bought a new stake in Whirlpool Corp. during the second quarter worth about $11,260,000. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.37% during trading on Tuesday, reaching $160.97. The company’s stock had a trading volume of 893,478 shares. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The company has a 50 day moving average of $169.68 and a 200 day moving average of $176.25. The company has a market cap of $12.14 billion, a PE ratio of 14.27 and a beta of 1.61.
Whirlpool Corp. (NYSE:WHR) last released its quarterly earnings results on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.37 by $0.13. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business posted $2.70 EPS. On average, analysts anticipate that Whirlpool Corp. will post $14.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were paid a $1.00 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.48%. Whirlpool Corp.’s dividend payout ratio (DPR) is currently 35.40%.
A number of research firms recently issued reports on WHR. Bank of America Corp. reiterated a “buy” rating on shares of Whirlpool Corp. in a research note on Wednesday, June 29th. MKM Partners boosted their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price objective on the stock in a research note on Wednesday, June 29th. Raymond James Financial Inc. upgraded Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective on the stock in a research note on Monday, July 25th. Finally, Gabelli lowered Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corp. currently has a consensus rating of “Buy” and a consensus target price of $198.50.
In other news, insider David T. Szczupak sold 10,307 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the transaction, the insider now directly owns 4,807 shares in the company, valued at approximately $871,653.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Marc R. Bitzer sold 1,012 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $190.00, for a total value of $192,280.00. Following the completion of the transaction, the insider now owns 1,012 shares in the company, valued at $192,280. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.
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.
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