1ST Source Bank decreased its position in Whirlpool Corp. (NYSE:WHR) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,025 shares of the company’s stock after selling 200 shares during the period. 1ST Source Bank’s holdings in Whirlpool Corp. were worth $504,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in WHR. IFP Advisors Inc raised its position in 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 in the last quarter. Winslow Evans & Crocker Inc. raised its position in 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 in the last quarter. Barnett & Company Inc. acquired a new position in Whirlpool Corp. during the first quarter worth approximately $126,000. First Manhattan Co. raised its position in 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 in the last quarter. Finally, Huntington National Bank raised its position in Whirlpool Corp. by 56.6% in the second quarter. Huntington National Bank now owns 1,032 shares of the company’s stock worth $172,000 after buying an additional 373 shares in the last quarter. 89.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 0.21% during midday trading on Friday, hitting $161.11. 242,491 shares of the company traded hands. The stock has a market capitalization of $12.15 billion, a PE ratio of 14.28 and a beta of 1.61. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10. The stock has a 50 day moving average of $167.71 and a 200-day moving average of $175.92.
Whirlpool Corp. (NYSE:WHR) last released its quarterly earnings data on Friday, July 22nd. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.37 by $0.13. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.13 billion. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 earnings per share. Equities analysts forecast that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders 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 2.49%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio (DPR) is presently 35.40%.
Several equities analysts have commented on the stock. Bank of America Corp. reissued 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. Raymond James Financial Inc. lowered shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, MKM Partners raised 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. 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 given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $198.50.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the company’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 sale, the insider now directly owns 4,807 shares of the company’s stock, valued at $871,653.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Jeff M. Fettig sold 91,000 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were 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. 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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