Pinnacle Associates Ltd. decreased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the company’s stock after selling 100 shares during the period. Pinnacle Associates Ltd.’s holdings in Whirlpool were worth $239,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in WHR. Vanguard Group Inc increased its holdings in shares of Whirlpool by 0.9% in the third quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock valued at $805,183,000 after purchasing an additional 62,275 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Whirlpool by 9,212.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock worth $31,000 after buying an additional 3,268,195 shares in the last quarter. American International Group Inc. lifted its position in Whirlpool by 8,342.6% during the 4th quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock worth $333,393,000 after buying an additional 3,082,657 shares in the last quarter. LSV Asset Management lifted its position in Whirlpool by 6.6% during the 1st quarter. LSV Asset Management now owns 2,336,988 shares of the company’s stock worth $310,562,000 after buying an additional 145,582 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in Whirlpool by 0.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,002,664 shares of the company’s stock worth $214,024,000 after buying an additional 11,260 shares in the last quarter. Hedge funds and other institutional investors own 94.08% of the company’s stock.
Several research analysts have recently weighed in on WHR shares. ValuEngine lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Zacks Investment Research cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Raymond James reiterated a “hold” rating on shares of Whirlpool in a research report on Monday, March 18th. Finally, Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a research report on Friday, May 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $137.94.
Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.07. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.83 billion. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. As a group, equities analysts forecast that Whirlpool Co. will post 14.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 17th were paid a dividend of $1.20 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.80 annualized dividend and a yield of 3.37%. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s payout ratio is currently 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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