Whirlpool Co. (NYSE:WHR) Shares Purchased by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its position in shares of Whirlpool Co. (NYSE:WHR) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,229 shares of the company’s stock after purchasing an additional 829 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Whirlpool were worth $2,098,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WHR. International Assets Investment Management LLC raised its position in Whirlpool by 3,554.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock worth $168,339,000 after acquiring an additional 1,344,601 shares in the last quarter. Boston Partners grew its stake in shares of Whirlpool by 59.7% in the 3rd quarter. Boston Partners now owns 2,473,047 shares of the company’s stock valued at $328,804,000 after buying an additional 924,128 shares in the last quarter. Invesco Ltd. lifted its holdings in Whirlpool by 38.3% in the 3rd quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock worth $261,296,000 after purchasing an additional 541,219 shares during the last quarter. Stifel Financial Corp lifted its holdings in Whirlpool by 689.8% in the 3rd quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock worth $60,741,000 after purchasing an additional 396,782 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Whirlpool by 339.6% during the third quarter. LPL Financial LLC now owns 132,042 shares of the company’s stock worth $17,654,000 after buying an additional 102,008 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WHR. Loop Capital assumed coverage on Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective on the stock. Royal Bank of Canada cut their price target on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. StockNews.com raised Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. decreased their price target on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and a consensus target price of $113.40.

Whirlpool Stock Up 0.6 %

WHR stock opened at $95.50 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $5.22 billion, a PE ratio of 13.08 and a beta of 1.48. Whirlpool Co. has a 1-year low of $92.54 and a 1-year high of $160.62. The business’s 50 day simple moving average is $109.41 and its 200 day simple moving average is $113.00.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.42 billion. Whirlpool had a return on equity of 36.24% and a net margin of 2.07%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.66 EPS. As a group, research analysts anticipate that Whirlpool Co. will post 12.85 EPS for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.33%. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.