Stephens Inc. AR acquired a new stake in shares of Whirlpool Corporation (NYSE:WHR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,891 shares of the company’s stock, valued at approximately $1,512,000.
Other large investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its position in shares of Whirlpool Corporation by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after buying an additional 1,038 shares during the last quarter. Homrich & Berg grew its position in shares of Whirlpool Corporation by 16.6% during the 2nd quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after buying an additional 446 shares during the last quarter. Swiss National Bank grew its position in shares of Whirlpool Corporation by 2.1% during the 2nd quarter. Swiss National Bank now owns 271,865 shares of the company’s stock valued at $52,095,000 after buying an additional 5,700 shares during the last quarter. Greenhaven Associates Inc. grew its position in shares of Whirlpool Corporation by 0.6% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after buying an additional 17,280 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC grew its position in shares of Whirlpool Corporation by 2.8% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 14,882 shares of the company’s stock valued at $2,852,000 after buying an additional 409 shares during the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on WHR shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price for the company. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $194.71.
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Whirlpool Corporation (WHR) opened at 175.12 on Friday. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The firm has a 50-day moving average of $172.97 and a 200 day moving average of $180.06. The company has a market cap of $12.78 billion, a PE ratio of 17.53 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business earned $3.50 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
Whirlpool Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.51%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
In other news, Director William D. Perez purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.69% of the company’s stock.
Whirlpool Corporation 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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