Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Whirlpool Corporation (NYSE:WHR) by 0.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,495 shares of the company’s stock after selling 31 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Whirlpool Corporation were worth $1,053,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LLBH Private Wealth Management LLC grew its stake in shares of Whirlpool Corporation by 0.4% during the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock worth $202,000 after buying an additional 5 shares during the last quarter. Savant Capital LLC grew its stake in shares of Whirlpool Corporation by 0.3% during the second quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock worth $534,000 after buying an additional 9 shares during the last quarter. Bollard Group LLC grew its stake in shares of Whirlpool Corporation by 0.6% during the second quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after buying an additional 12 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Whirlpool Corporation by 0.3% during the second quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after buying an additional 21 shares during the last quarter. Finally, Orrstown Financial Services Inc. grew its stake in shares of Whirlpool Corporation by 0.5% during the second quarter. Orrstown Financial Services Inc. now owns 4,580 shares of the company’s stock worth $878,000 after buying an additional 24 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.
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A number of analysts have weighed in on the stock. ValuEngine cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group assumed coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 target price (down previously from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $194.71.
In other news, Director William D. Perez purchased 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.69% of the stock is currently owned by company insiders.
Whirlpool Corporation (NYSE:WHR) opened at 173.60 on Tuesday. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 17.38 and a beta of 1.77. The stock’s 50 day moving average is $174.24 and its 200-day moving average is $180.20. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business posted $3.50 EPS. Whirlpool Corporation’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
Whirlpool Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization permits the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
Whirlpool Corporation Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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