Whirlpool Corp. (NYSE:WHR) declared a quarterly dividend on Tuesday, October 18th. Investors of record on Friday, November 18th will be given a dividend of 1.00 per share on Thursday, December 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.46%.
Whirlpool Corp. (NYSE:WHR) opened at 162.29 on Wednesday. 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 $166.08 and its 200-day moving average is $175.51. The stock has a market cap of $12.24 billion, a PE ratio of 14.38 and a beta of 1.61.
Whirlpool Corp. (NYSE:WHR) last released its quarterly earnings data on Friday, July 22nd. The company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 4.29% and a return on equity of 18.68%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 earnings per share. On average, equities analysts anticipate that Whirlpool Corp. will post $14.69 earnings per share for the current year.
In other news, EVP James W. Peters sold 2,929 shares of Whirlpool Corp. stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $193.35, for a total value of $566,322.15. Following the transaction, the executive vice president now owns 13,308 shares of the company’s stock, valued at $2,573,101.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Jeff M. Fettig sold 91,000 shares of Whirlpool Corp. 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 disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in WHR. SevenBridge Financial Group LLC purchased a new position in Whirlpool Corp. during the second quarter worth approximately $151,000. Advisor Partners LLC raised its position in Whirlpool Corp. by 0.5% in the second quarter. Advisor Partners LLC now owns 1,515 shares of the company’s stock worth $252,000 after buying an additional 8 shares in the last quarter. Pacer Advisors Inc. raised its position in Whirlpool Corp. by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,521 shares of the company’s stock worth $253,000 after buying an additional 106 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Whirlpool Corp. during the second quarter worth approximately $266,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Whirlpool Corp. during the second quarter worth approximately $275,000. 89.55% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on WHR. Bank of America Corp. restated a “buy” rating on shares of Whirlpool Corp. in a research report on Wednesday, June 29th. MKM Partners lifted their target price 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. Zacks Investment Research upgraded shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research report on Wednesday, June 29th. Raymond James Financial Inc. upgraded shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research report on Monday, July 25th. Finally, Gabelli cut shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Whirlpool Corp. currently has a consensus rating of “Buy” and an average price target of $193.63.
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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