Oppenheimer & Co. Inc. lessened its stake in shares of Whirlpool Corporation (NYSE:WHR) by 17.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,294 shares of the company’s stock after selling 470 shares during the period. Oppenheimer & Co. Inc.’s holdings in Whirlpool Corporation were worth $440,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Delta Lloyd Asset Management N.V. purchased a new stake in Whirlpool Corporation during the second quarter worth about $1,453,000. Swiss National Bank increased its holdings in Whirlpool Corporation by 2.1% during the second quarter. Swiss National Bank now owns 271,865 shares of the company’s stock worth $52,095,000 after buying an additional 5,700 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in Whirlpool Corporation by 66.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,468 shares of the company’s stock worth $473,000 after buying an additional 983 shares during the last quarter. Greenwood Capital Associates LLC purchased a new stake in Whirlpool Corporation during the second quarter worth about $230,000. Finally, Homrich & Berg increased its holdings in Whirlpool Corporation by 16.6% during the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock worth $600,000 after buying an additional 446 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.
A number of research firms recently issued reports on WHR. Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada restated a “top pick” rating and set a $216.00 price objective (down previously from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. ValuEngine downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $194.71.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of Whirlpool Corporation stock in a transaction dated Monday, July 31st. The stock was purchased at an average price of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.69% of the stock is owned by corporate insiders.
Whirlpool Corporation (NYSE:WHR) opened at 171.86 on Friday. The stock has a 50 day moving average of $172.79 and a 200 day moving average of $180.01. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The stock has a market cap of $12.54 billion, a P/E ratio of 17.20 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the company earned $3.50 EPS. Whirlpool Corporation’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.
Whirlpool Corporation announced that its board has approved a stock buyback plan on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is currently 44.04%.
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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