LMR Partners LLP acquired a new position in Whirlpool Corp. (NYSE:WHR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,750 shares of the company’s stock, valued at approximately $292,000.
Other hedge funds also recently modified their holdings of the company. Capital Growth Management LP boosted its stake in shares of 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 period. Geode Capital Management LLC boosted its stake in shares of 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 period. Fairpointe Capital LLC bought a new stake in shares of Whirlpool Corp. during the first quarter worth about $88,525,000. Legal & General Group Plc boosted its stake in shares of Whirlpool Corp. by 1.7% in the first quarter. Legal & General Group Plc now owns 362,272 shares of the company’s stock worth $65,324,000 after buying an additional 6,037 shares during the period. Finally, AMF Pensionsforsakring AB boosted its stake in shares of Whirlpool Corp. by 7.0% in the first quarter. AMF Pensionsforsakring AB now owns 296,610 shares of the company’s stock worth $53,491,000 after buying an additional 19,393 shares during the period. 89.59% of the stock is currently owned by institutional investors and hedge funds.
Whirlpool Corp. (NYSE:WHR) traded down 0.02% during mid-day trading on Friday, hitting $160.75. The company’s stock had a trading volume of 543,090 shares. Whirlpool Corp. has a 52-week low of $123.60 and a 52-week high of $194.10. The company’s 50 day moving average is $167.14 and its 200-day moving average is $175.80. The stock has a market cap of $12.13 billion, a P/E ratio of 14.25 and a beta of 1.61.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings data on Friday, July 22nd. The company reported $3.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The company earned $5.21 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same quarter in the previous year, the company posted $2.70 earnings per share. Whirlpool Corp.’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Whirlpool Corp. will post $14.69 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s payout ratio is currently 35.40%.
WHR has been the topic of a number of recent research reports. MKM Partners increased their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Raymond James Financial Inc. raised Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective on the stock in a report on Monday, July 25th. Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Zacks Investment Research cut Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Finally, Bank of America Corp. reissued a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Whirlpool Corp. currently has a consensus rating of “Buy” and a consensus price target of $198.50.
In related news, insider Joao Carlos Brega sold 14,166 shares of Whirlpool Corp. stock in a transaction on Monday, August 1st. The stock was sold at an average price of $193.43, for a total value of $2,740,129.38. Following the completion of the sale, the insider now owns 29,043 shares of the company’s stock, valued at $5,617,787.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc R. Bitzer sold 1,012 shares of Whirlpool Corp. 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 sale, the insider now directly owns 1,012 shares of the company’s stock, valued at approximately $192,280. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.
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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