Robeco Institutional Asset Management B.V. lifted its stake in shares of Whirlpool Co. (NYSE:WHR) by 7.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,565 shares of the company’s stock after purchasing an additional 400 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Whirlpool were worth $739,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of WHR. Vanguard Group Inc lifted its holdings in Whirlpool by 0.9% in the third quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock valued at $805,183,000 after acquiring an additional 62,275 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Whirlpool by 9,212.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock valued at $31,000 after acquiring an additional 3,268,195 shares during the last quarter. American International Group Inc. lifted its holdings in Whirlpool by 8,342.6% in the fourth quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock valued at $333,393,000 after acquiring an additional 3,082,657 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Whirlpool by 0.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,002,664 shares of the company’s stock valued at $214,024,000 after acquiring an additional 11,260 shares during the last quarter. Finally, Newport Trust Co lifted its holdings in Whirlpool by 1.6% in the fourth quarter. Newport Trust Co now owns 1,448,167 shares of the company’s stock valued at $154,766,000 after acquiring an additional 23,148 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.
A number of research firms recently commented on WHR. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. ValuEngine upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Buckingham Research assumed coverage on Whirlpool in a report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective on the stock. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Friday, May 10th. Finally, Raymond James lowered Whirlpool from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Whirlpool has a consensus rating of “Hold” and an average price target of $143.20.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, April 22nd. The company reported $3.11 EPS for the quarter, beating the consensus estimate of $3.04 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.83 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. Whirlpool’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.81 earnings per share. Analysts predict that Whirlpool Co. will post 14.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, May 16th. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s dividend payout ratio is 31.66%.
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Whirlpool Company Profile
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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