OLD Mutual Customised Solutions Proprietary Ltd. Raises Holdings in Whirlpool Co. (WHR)

OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Whirlpool Co. (NYSE:WHR) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,317 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Whirlpool were worth $897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WHR. Sei Investments Co. boosted its stake in Whirlpool by 74.3% during the 3rd quarter. Sei Investments Co. now owns 18,821 shares of the company’s stock valued at $3,471,000 after purchasing an additional 8,021 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Whirlpool by 1.0% during the 3rd quarter. New York State Common Retirement Fund now owns 157,700 shares of the company’s stock valued at $29,086,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Whirlpool by 26.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,566 shares of the company’s stock valued at $842,000 after purchasing an additional 955 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in Whirlpool by 5.3% during the 3rd quarter. Commonwealth Equity Services Inc now owns 6,285 shares of the company’s stock valued at $1,159,000 after purchasing an additional 317 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Whirlpool by 35.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 548,090 shares of the company’s stock valued at $101,097,000 after purchasing an additional 142,739 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

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WHR has been the subject of a number of research reports. Raymond James Financial raised Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Friday, January 26th. Royal Bank of Canada increased their price target on Whirlpool to $200.00 and gave the company an “in-line” rating in a research note on Monday, January 29th. ValuEngine raised Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, KeyCorp reissued an “equal weight” rating on shares of Whirlpool in a research note on Monday, January 29th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $189.40.

Shares of Whirlpool stock opened at $152.63 on Friday. The firm has a market capitalization of $10,789.11, a price-to-earnings ratio of 33.47, a PEG ratio of 0.83 and a beta of 1.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.58 and a current ratio of 0.93. Whirlpool Co. has a one year low of $152.40 and a one year high of $202.99.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, January 24th. The company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.09. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.88 billion. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. The company’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $4.33 EPS. research analysts anticipate that Whirlpool Co. will post 15.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 1st. Whirlpool’s dividend payout ratio is presently 96.49%.

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About Whirlpool

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.

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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