Bank of New York Mellon Corp grew its holdings in shares of Whirlpool Co. (NYSE:WHR) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 703,362 shares of the company’s stock after purchasing an additional 114,782 shares during the quarter. Bank of New York Mellon Corp’s holdings in Whirlpool were worth $118,614,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in WHR. APG Asset Management N.V. raised its holdings in shares of Whirlpool by 3.5% during the 3rd quarter. APG Asset Management N.V. now owns 105,744 shares of the company’s stock valued at $19,503,000 after purchasing an additional 3,600 shares in the last quarter. Rothschild Investment Corp IL raised its holdings in Whirlpool by 10.1% in the 3rd quarter. Rothschild Investment Corp IL now owns 6,898 shares of the company’s stock worth $1,272,000 after acquiring an additional 635 shares during the period. First Midwest Bank Trust Division bought a new position in Whirlpool in the 3rd quarter worth $937,000. Calamos Advisors LLC raised its holdings in Whirlpool by 0.7% in the 3rd quarter. Calamos Advisors LLC now owns 84,976 shares of the company’s stock worth $15,673,000 after acquiring an additional 585 shares during the period. Finally, Hanson & Doremus Investment Management raised its holdings in Whirlpool by 7.8% in the 3rd quarter. Hanson & Doremus Investment Management now owns 8,668 shares of the company’s stock worth $1,599,000 after acquiring an additional 630 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.
Whirlpool Co. (WHR) opened at $168.09 on Tuesday. The company has a market cap of $12,080.00, a price-to-earnings ratio of 16.18, a P/E/G ratio of 0.93 and a beta of 1.81. Whirlpool Co. has a twelve month low of $158.80 and a twelve month high of $202.99. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.86.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $4.40 annualized dividend and a dividend yield of 2.62%. Whirlpool’s payout ratio is 42.35%.
Several brokerages recently commented on WHR. Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Friday, January 26th. UBS Group upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada lifted their target price on shares of Whirlpool to $200.00 and gave the stock an “in-line” rating in a report on Monday, January 29th. KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a report on Monday, January 29th. Finally, Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $189.40.
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Whirlpool Company 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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