PNC Financial Services Group Inc. lifted its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,049 shares of the company’s stock after purchasing an additional 865 shares during the quarter. PNC Financial Services Group Inc. owned 0.19% of Whirlpool Corporation worth $25,878,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Profund Advisors LLC grew its holdings in shares of Whirlpool Corporation by 22.5% during the second quarter. Profund Advisors LLC now owns 2,058 shares of the company’s stock worth $394,000 after purchasing an additional 378 shares in the last quarter. Loews Corp grew its holdings in shares of Whirlpool Corporation by 33.9% during the second quarter. Loews Corp now owns 1,875 shares of the company’s stock worth $359,000 after purchasing an additional 475 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of Whirlpool Corporation during the second quarter worth about $2,065,000. Amalgamated Bank grew its holdings in shares of Whirlpool Corporation by 56.0% during the second quarter. Amalgamated Bank now owns 8,214 shares of the company’s stock worth $1,574,000 after purchasing an additional 2,947 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Whirlpool Corporation by 1.1% during the second quarter. King Luther Capital Management Corp now owns 179,044 shares of the company’s stock worth $34,308,000 after purchasing an additional 1,970 shares in the last quarter. 91.47% of the stock is owned by institutional investors.
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Whirlpool Corporation (NYSE:WHR) traded down 0.18% during mid-day trading on Tuesday, reaching $170.54. The company had a trading volume of 18,804 shares. The firm has a 50-day moving average of $172.59 and a 200 day moving average of $179.99. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The company has a market capitalization of $12.45 billion, a PE ratio of 17.07 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 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 EPS. On average, analysts predict that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is presently 44.04%.
Whirlpool Corporation declared that its board has authorized 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 buy up to 16.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director William D. Perez purchased 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was acquired at an average price of $176.93 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.69% of the company’s stock.
Several research analysts have recently commented on WHR shares. Credit Suisse Group started coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Whirlpool Corporation has an average rating of “Hold” and an average price target of $194.71.
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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