Greenhaven Associates Inc. boosted its holdings in Whirlpool Corporation (NYSE:WHR) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,759,675 shares of the company’s stock after acquiring an additional 22,525 shares during the quarter. Whirlpool Corporation comprises approximately 7.6% of Greenhaven Associates Inc.’s portfolio, making the stock its 7th biggest holding. Greenhaven Associates Inc. owned about 3.78% of Whirlpool Corporation worth $508,994,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Community Financial Services Group LLC boosted its stake in shares of Whirlpool Corporation by 4.6% during the third quarter. Community Financial Services Group LLC now owns 24,935 shares of the company’s stock valued at $4,599,000 after acquiring an additional 1,100 shares during the last quarter. TIAA FSB raised its holdings in shares of Whirlpool Corporation by 4.9% in the 3rd quarter. TIAA FSB now owns 21,040 shares of the company’s stock worth $3,881,000 after purchasing an additional 984 shares during the period. Raymond James Trust N.A. raised its holdings in shares of Whirlpool Corporation by 1.6% in the 3rd quarter. Raymond James Trust N.A. now owns 17,088 shares of the company’s stock worth $3,152,000 after purchasing an additional 275 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Whirlpool Corporation by 39.7% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 9,684 shares of the company’s stock worth $1,786,000 after purchasing an additional 2,751 shares during the period. Finally, Sky Investment Group LLC raised its holdings in shares of Whirlpool Corporation by 7.5% in the 3rd quarter. Sky Investment Group LLC now owns 8,190 shares of the company’s stock worth $1,511,000 after purchasing an additional 573 shares during the period. 93.18% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on the company. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine upgraded Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. MKM Partners set a $177.00 price objective on Whirlpool Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, Credit Suisse Group set a $187.00 price objective on Whirlpool Corporation and gave the company a “neutral” rating in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Whirlpool Corporation currently has a consensus rating of “Hold” and an average target price of $184.67.
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Shares of Whirlpool Corporation (NYSE WHR) opened at $162.05 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a 12 month low of $159.71 and a 12 month high of $202.99. The company has a market capitalization of $11,694.95, a price-to-earnings ratio of 11.62, a PEG ratio of 1.58 and a beta of 1.87.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.66 EPS. research analysts forecast that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
Whirlpool Corporation announced that its board has authorized a stock repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 annualized dividend and a yield of 2.72%. Whirlpool Corporation’s dividend payout ratio (DPR) is 41.47%.
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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