Manitou Investment Management Ltd. trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,151 shares of the company’s stock after selling 12,058 shares during the period. Whirlpool accounts for about 8.7% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Manitou Investment Management Ltd.’s holdings in Whirlpool were worth $35,813,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of WHR. Amundi Pioneer Asset Management Inc. grew its holdings in Whirlpool by 255.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock valued at $17,483,000 after purchasing an additional 94,587 shares during the period. LVM Capital Management Ltd. MI acquired a new position in Whirlpool during the second quarter valued at approximately $203,000. WINTON GROUP Ltd acquired a new position in Whirlpool during the second quarter valued at approximately $15,431,000. Crossmark Global Holdings Inc. grew its holdings in Whirlpool by 8.7% during the second quarter. Crossmark Global Holdings Inc. now owns 8,766 shares of the company’s stock valued at $1,248,000 after purchasing an additional 699 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new position in Whirlpool during the second quarter valued at approximately $345,000. 94.53% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on WHR shares. Bank of America boosted their price objective on shares of Whirlpool from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Zacks Investment Research upgraded shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Thursday, August 22nd. Longbow Research set a $178.00 price objective on shares of Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. ValuEngine upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Thursday, October 24th. Finally, Buckingham Research set a $150.00 price objective on shares of Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Whirlpool currently has an average rating of “Hold” and a consensus price target of $153.94.
Shares of Whirlpool stock traded down $1.54 on Friday, hitting $154.77. The company had a trading volume of 542,788 shares, compared to its average volume of 791,267. The firm has a market capitalization of $9.97 billion, a P/E ratio of 10.21, a P/E/G ratio of 2.44 and a beta of 1.78. Whirlpool Co. has a twelve month low of $99.40 and a twelve month high of $163.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a 50-day moving average of $155.85 and a 200-day moving average of $142.41.
Whirlpool (NYSE:WHR) last released its quarterly 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 company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations 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 prior year, the company earned $4.55 earnings per share. Equities analysts predict that Whirlpool Co. will post 15.39 EPS for the current year.
The business also recently declared 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 of this dividend is Thursday, November 14th. Whirlpool’s dividend payout ratio (DPR) is presently 31.66%.
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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