Envestnet Asset Management Inc. decreased its holdings in Whirlpool Co. (NYSE:WHR) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,694 shares of the company’s stock after selling 1,350 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Whirlpool were worth $1,972,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of WHR. NuWave Investment Management LLC bought a new position in Whirlpool in the 4th quarter valued at $101,000. Cerebellum GP LLC bought a new position in Whirlpool in the 4th quarter valued at $128,000. Valeo Financial Advisors LLC bought a new stake in shares of Whirlpool during the third quarter worth $129,000. Clear Perspective Advisors LLC raised its position in shares of Whirlpool by 74.6% during the fourth quarter. Clear Perspective Advisors LLC now owns 1,170 shares of the company’s stock worth $197,000 after acquiring an additional 500 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of Whirlpool during the fourth quarter worth $211,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
A number of equities research analysts have recently weighed in on WHR shares. UBS upgraded Whirlpool from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. Raymond James Financial upgraded Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Friday, January 26th. Goldman Sachs downgraded Whirlpool from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 4th. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, KeyCorp restated an “equal weight” rating on shares of Whirlpool in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $189.40.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, January 24th. The company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.09. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.88 billion. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.33 earnings per share. equities research analysts predict that Whirlpool Co. will post 15.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were issued a $1.10 dividend. The ex-dividend date was Thursday, March 1st. This represents a $4.40 dividend on an annualized basis and a yield of 2.96%. Whirlpool’s dividend payout ratio is presently 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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