Raymond James & Associates lessened its holdings in Whirlpool Co. (NYSE:WHR) by 37.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,451 shares of the company’s stock after selling 12,219 shares during the period. Raymond James & Associates’ holdings in Whirlpool were worth $3,450,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of WHR. New York State Common Retirement Fund lifted its stake in shares of Whirlpool by 1.0% in the 3rd quarter. New York State Common Retirement Fund now owns 157,700 shares of the company’s stock worth $29,086,000 after purchasing an additional 1,500 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Whirlpool by 27.5% in the 3rd quarter. Macquarie Group Ltd. now owns 5,100 shares of the company’s stock worth $941,000 after purchasing an additional 1,100 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Whirlpool by 14.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,115 shares of the company’s stock worth $27,924,000 after purchasing an additional 18,760 shares during the period. Brown Advisory Inc. lifted its stake in shares of Whirlpool by 12.4% in the 3rd quarter. Brown Advisory Inc. now owns 8,031 shares of the company’s stock worth $1,481,000 after purchasing an additional 887 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Whirlpool by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,169,044 shares of the company’s stock worth $215,612,000 after purchasing an additional 27,552 shares during the period. Hedge funds and other institutional investors own 90.27% of the company’s stock.
Several equities analysts have recently weighed in on WHR shares. UBS upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Friday, January 26th. Goldman Sachs cut shares of Whirlpool from a “neutral” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Finally, KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Whirlpool presently has an average rating of “Hold” and a consensus target price of $189.40.
Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, January 24th. The company reported $4.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.09. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.88 billion. Whirlpool had a net margin of 1.65% and a return on equity of 18.36%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.33 EPS. analysts forecast that Whirlpool Co. will post 15.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.96%. The ex-dividend date was Thursday, March 1st. Whirlpool’s dividend payout ratio is 32.02%.
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Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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