Unigestion Holding SA reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 18.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,658 shares of the company’s stock after selling 842 shares during the quarter. Unigestion Holding SA’s holdings in Whirlpool were worth $579,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Arizona State Retirement System increased its stake in Whirlpool by 11.4% in the second quarter. Arizona State Retirement System now owns 35,005 shares of the company’s stock valued at $4,983,000 after purchasing an additional 3,578 shares during the period. H2O AM LLP increased its stake in Whirlpool by 217.0% in the second quarter. H2O AM LLP now owns 97,963 shares of the company’s stock valued at $6,849,000 after purchasing an additional 67,063 shares during the period. Prudential Financial Inc. increased its stake in Whirlpool by 72.1% in the second quarter. Prudential Financial Inc. now owns 109,613 shares of the company’s stock valued at $15,605,000 after purchasing an additional 45,922 shares during the period. Pacer Advisors Inc. increased its stake in Whirlpool by 8.5% in the second quarter. Pacer Advisors Inc. now owns 5,975 shares of the company’s stock valued at $851,000 after purchasing an additional 469 shares during the period. Finally, Tiverton Asset Management LLC acquired a new position in Whirlpool in the second quarter valued at $309,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.
WHR has been the topic of a number of recent research reports. Gabelli restated a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. TheStreet upgraded shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Whirlpool from $172.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America lifted their price objective on shares of Whirlpool from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, ValuEngine upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $153.94.
Whirlpool (NYSE:WHR) last issued its earnings results on Tuesday, October 22nd. The company reported $3.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.90 by $0.07. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.14 billion. Whirlpool had a net margin of 5.15% and a return on equity of 28.06%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.55 earnings per share. As a group, equities analysts expect that Whirlpool Co. will post 15.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Thursday, November 14th. Whirlpool’s payout ratio is 31.66%.
In other news, Director Gary T. Dicamillo sold 833 shares of Whirlpool stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $162.25, for a total value of $135,154.25. Following the sale, the director now owns 7,500 shares of the company’s stock, valued at $1,216,875. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.
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.
Featured Story: How to trade on quiet period expirations
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).
Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.