Aureus Asset Management LLC raised its stake in shares of Whirlpool Corporation (NYSE:WHR) by 48.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,697 shares of the company’s stock after buying an additional 555 shares during the period. Aureus Asset Management LLC’s holdings in Whirlpool Corporation were worth $315,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WHR. Caisse DE Depot ET Placement DU Quebec increased its position in Whirlpool Corporation by 4.6% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 29,500 shares of the company’s stock valued at $5,060,000 after buying an additional 1,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Whirlpool Corporation by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,062,404 shares of the company’s stock valued at $182,012,000 after buying an additional 123,438 shares during the period. Geode Capital Management LLC boosted its stake in Whirlpool Corporation by 9.2% in the first quarter. Geode Capital Management LLC now owns 742,589 shares of the company’s stock valued at $127,051,000 after buying an additional 62,454 shares during the period. Vanguard Group Inc. boosted its stake in Whirlpool Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock valued at $1,249,128,000 after buying an additional 170,267 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in Whirlpool Corporation by 55.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,994 shares of the company’s stock valued at $856,000 after buying an additional 1,790 shares during the period. 94.99% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corporation (NYSE WHR) traded down 3.69% during midday trading on Friday, reaching $187.96. 515,456 shares of the company were exchanged. The company has a 50-day moving average of $186.88 and a 200 day moving average of $179.23. The firm has a market capitalization of $13.90 billion, a PE ratio of 16.18 and a beta of 1.76. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Monday, April 24th. The company reported $2.50 earnings per share for the quarter, missing the consensus estimate of $2.65 by $0.15. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the business posted $2.63 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that Whirlpool Corporation will post $15.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 19th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.25%. This is an increase from Whirlpool Corporation’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, May 17th. Whirlpool Corporation’s dividend payout ratio (DPR) is 37.87%.
WHR has been the subject of a number of research reports. Royal Bank Of Canada restated a “top pick” rating and issued a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a report on Thursday. They set a “neutral” rating and a $208.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Whirlpool Corporation presently has a consensus rating of “Hold” and a consensus target price of $193.50.
In other news, insider Marc R. Bitzer sold 19,314 shares of Whirlpool Corporation stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.69% of the stock is currently owned by company insiders.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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