Icon Advisers Inc. Co. raised its position in shares of Whirlpool Co. (NYSE:WHR) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,420 shares of the company’s stock after buying an additional 1,030 shares during the period. Icon Advisers Inc. Co. owned about 0.06% of Whirlpool worth $8,377,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in Whirlpool by 9.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,256 shares of the company’s stock valued at $240,000 after buying an additional 110 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Whirlpool by 6.0% during the 2nd quarter. Aperio Group LLC now owns 38,327 shares of the company’s stock worth $7,344,000 after buying an additional 2,174 shares during the period. BB&T Corp boosted its holdings in Whirlpool by 1.6% in the 2nd quarter. BB&T Corp now owns 6,467 shares of the company’s stock valued at $1,239,000 after purchasing an additional 100 shares during the period. Manning & Napier Advisors LLC bought a new stake in Whirlpool in the 2nd quarter valued at about $2,776,000. Finally, PGGM Investments boosted its holdings in Whirlpool by 283.7% in the 2nd quarter. PGGM Investments now owns 187,319 shares of the company’s stock valued at $35,894,000 after purchasing an additional 138,502 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on WHR. Credit Suisse Group set a $187.00 price objective on shares of Whirlpool and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. ValuEngine lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America lowered shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $209.00 price objective on shares of Whirlpool in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $183.60.
Shares of Whirlpool Co. (NYSE WHR) traded up $1.38 during midday trading on Thursday, hitting $170.49. 742,880 shares of the company traded hands, compared to its average volume of 850,103. The stock has a market capitalization of $12,153.43, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88. Whirlpool Co. has a 12 month low of $158.80 and a 12 month high of $202.99. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.
Whirlpool (NYSE:WHR) last announced its earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.66 EPS. equities analysts predict that Whirlpool Co. will post 13.7 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, November 16th. Whirlpool’s payout ratio is 41.47%.
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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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