Nomura Asset Management Co. Ltd. raised its stake in Whirlpool Co. (NYSE:WHR) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,077 shares of the company’s stock after purchasing an additional 603 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Whirlpool were worth $1,868,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new stake in shares of Whirlpool during the fourth quarter valued at about $101,000. Valeo Financial Advisors LLC acquired a new stake in shares of Whirlpool during the third quarter valued at about $129,000. Cerebellum GP LLC acquired a new stake in shares of Whirlpool during the fourth quarter valued at about $128,000. Clear Perspective Advisors LLC grew its stake in shares of Whirlpool by 74.6% during the fourth quarter. Clear Perspective Advisors LLC now owns 1,170 shares of the company’s stock valued at $197,000 after acquiring an additional 500 shares in the last quarter. Finally, BKS Advisors LLC acquired a new stake in shares of Whirlpool during the third quarter valued at about $217,000. 90.27% of the stock is currently owned by institutional investors.
WHR stock traded down $4.09 during midday trading on Friday, reaching $148.52. The company had a trading volume of 927,931 shares, compared to its average volume of 777,782. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.86. Whirlpool Co. has a fifty-two week low of $145.59 and a fifty-two week high of $202.99. The company has a market cap of $10,498.58, a P/E ratio of 10.81, a PEG ratio of 0.80 and a beta of 1.84.
Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, January 24th. The company reported $4.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.09. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the previous year, the firm posted $4.33 earnings per share. Whirlpool’s quarterly revenue was up .8% compared to the same quarter last year. analysts expect that Whirlpool Co. will post 15.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd were paid a $1.10 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $4.40 dividend on an annualized basis and a yield of 2.96%. Whirlpool’s payout ratio is currently 32.02%.
Several analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Whirlpool to $200.00 and gave the company an “in-line” rating in a research note on Monday, January 29th. KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a research note on Monday, January 29th. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Goldman Sachs downgraded Whirlpool from a “neutral” rating to a “sell” rating in a research note on Wednesday. Finally, Raymond James Financial upgraded Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Whirlpool has an average rating of “Hold” and an average price target of $189.40.
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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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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