Pictet Asset Management Ltd. Has $4.56 Million Stake in Whirlpool Co. (NYSE:WHR)

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Pictet Asset Management Ltd. decreased its stake in shares of Whirlpool Co. (NYSE:WHR) by 0.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,015 shares of the company’s stock after selling 200 shares during the period. Pictet Asset Management Ltd. owned 0.05% of Whirlpool worth $4,558,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. LSV Asset Management increased its holdings in shares of Whirlpool by 2.7% during the 2nd quarter. LSV Asset Management now owns 2,400,798 shares of the company’s stock valued at $341,777,000 after acquiring an additional 63,810 shares during the last quarter. LLBH Private Wealth Management LLC acquired a new position in shares of Whirlpool during the 2nd quarter valued at about $177,000. Geode Capital Management LLC increased its holdings in shares of Whirlpool by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 857,618 shares of the company’s stock valued at $91,496,000 after acquiring an additional 57,356 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Whirlpool by 0.5% during the 2nd quarter. Northern Trust Corp now owns 751,814 shares of the company’s stock valued at $107,028,000 after acquiring an additional 3,724 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Whirlpool by 74.6% during the 1st quarter. FMR LLC now owns 537,349 shares of the company’s stock valued at $71,408,000 after acquiring an additional 229,637 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of WHR stock traded down $0.21 during mid-day trading on Tuesday, reaching $148.56. The stock had a trading volume of 7,296 shares, compared to its average volume of 576,106. The firm’s 50 day simple moving average is $139.73 and its 200 day simple moving average is $137.31. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. Whirlpool Co. has a one year low of $99.40 and a one year high of $153.22. The firm has a market cap of $9.52 billion, a PE ratio of 9.76, a P/E/G ratio of 1.89 and a beta of 1.81.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, July 22nd. The company reported $4.01 EPS for the quarter, topping the Zacks’ consensus estimate of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the company earned $3.20 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts forecast that Whirlpool Co. will post 15.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.23%. Whirlpool’s dividend payout ratio is currently 31.66%.

In other Whirlpool news, CFO James W. Peters sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total value of $95,231.50. Following the completion of the sale, the chief financial officer now owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

A number of analysts have issued reports on WHR shares. Buckingham Research raised their target price on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. ValuEngine raised Whirlpool from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 10th. Longbow Research set a $178.00 target price on Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, TheStreet raised Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $140.95.

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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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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