Cleararc Capital Inc. Makes New Investment in Whirlpool Co. (NYSE:WHR)

Cleararc Capital Inc. purchased a new stake in Whirlpool Co. (NYSE:WHR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,531 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc boosted its stake in shares of Whirlpool by 0.9% in the 3rd 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. 94.08% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on WHR shares. Zacks Investment Research raised Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Saturday, April 27th. Raymond James reissued a “hold” rating on shares of Whirlpool in a report on Monday, March 18th. ValuEngine raised China Southern Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Friday, May 10th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Whirlpool has an average rating of “Hold” and a consensus price target of $137.94.

NYSE WHR traded up $3.79 during trading hours on Friday, reaching $146.42. 852,778 shares of the company’s stock were exchanged, compared to its average volume of 592,156. The business’s 50-day moving average price is $134.51. Whirlpool Co. has a one year low of $99.40 and a one year high of $156.51. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.83 and a quick ratio of 0.53. The firm has a market capitalization of $9.03 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.80.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $3.04 by $0.07. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.83 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 EPS. Analysts predict that Whirlpool Co. will post 14.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were issued a dividend of $1.20 per share. This is an increase from Whirlpool’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.80 annualized dividend and a yield of 3.28%. Whirlpool’s dividend payout ratio (DPR) is currently 31.66%.

Whirlpool Company Profile

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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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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