Whirlpool Co. (WHR) Holdings Trimmed by Aperio Group LLC

Aperio Group LLC reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 24.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,208 shares of the company’s stock after selling 7,644 shares during the period. Aperio Group LLC’s holdings in Whirlpool were worth $2,756,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC grew its holdings in Whirlpool by 47.0% during the 2nd quarter. Private Advisor Group LLC now owns 3,029 shares of the company’s stock worth $445,000 after acquiring an additional 968 shares during the period. Fairpointe Capital LLC grew its stake in shares of Whirlpool by 8.5% in the 2nd quarter. Fairpointe Capital LLC now owns 673,541 shares of the company’s stock valued at $98,492,000 after buying an additional 52,684 shares during the period. Toronto Dominion Bank grew its stake in shares of Whirlpool by 19.0% in the 2nd quarter. Toronto Dominion Bank now owns 46,685 shares of the company’s stock valued at $6,826,000 after buying an additional 7,466 shares during the period. Bank of Montreal Can acquired a new stake in shares of Whirlpool in the 2nd quarter valued at about $9,368,000. Finally, Brandes Investment Partners LP grew its stake in shares of Whirlpool by 59.7% in the 2nd quarter. Brandes Investment Partners LP now owns 18,339 shares of the company’s stock valued at $2,682,000 after buying an additional 6,858 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

WHR has been the subject of several research reports. Goldman Sachs Group initiated coverage on Whirlpool in a research note on Tuesday, October 2nd. They issued a “sell” rating and a $107.00 target price for the company. Zacks Investment Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. JPMorgan Chase & Co. downgraded Whirlpool from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 9th. Raymond James reduced their target price on Whirlpool from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, October 18th. Finally, Credit Suisse Group set a $125.00 target price on Whirlpool and gave the company a “buy” rating in a research note on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $144.88.

Shares of WHR opened at $116.16 on Tuesday. Whirlpool Co. has a one year low of $102.13 and a one year high of $187.47. The stock has a market capitalization of $7.37 billion, a PE ratio of 8.45, a PEG ratio of 0.77 and a beta of 1.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.58.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.79. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The business had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the firm earned $3.83 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, sell-side analysts forecast that Whirlpool Co. will post 14.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Investors of record on Friday, November 16th will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.60 annualized dividend and a yield of 3.96%. Whirlpool’s payout ratio is 33.48%.

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About Whirlpool

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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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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