Cadence Capital Management LLC raised its holdings in Whirlpool Co. (NYSE:WHR) by 51.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,418 shares of the company’s stock after purchasing an additional 8,335 shares during the quarter. Cadence Capital Management LLC’s holdings in Whirlpool were worth $2,900,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Markel Corp raised its stake in Whirlpool by 1,276.7% in the third quarter. Markel Corp now owns 19,879 shares of the company’s stock valued at $2,360,000 after buying an additional 18,435 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Whirlpool by 77.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,413 shares of the company’s stock valued at $2,305,000 after buying an additional 8,457 shares during the period. Meeder Asset Management Inc. raised its stake in Whirlpool by 735.5% in the third quarter. Meeder Asset Management Inc. now owns 1,036 shares of the company’s stock valued at $123,000 after buying an additional 912 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Whirlpool in the third quarter valued at approximately $116,000. Finally, Private Advisor Group LLC raised its stake in Whirlpool by 30.9% in the third quarter. Private Advisor Group LLC now owns 3,964 shares of the company’s stock valued at $471,000 after buying an additional 935 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Royal Bank of Canada set a $111.00 price objective on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 26th. Raymond James dropped their price objective on Whirlpool from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 18th. Credit Suisse Group set a $125.00 target price on Whirlpool and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, MKM Partners set a $146.00 target price on Whirlpool and gave the stock a “hold” rating in a research note on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Whirlpool has an average rating of “Hold” and a consensus price target of $144.88.
Shares of NYSE WHR opened at $115.92 on Wednesday. The company has a market cap of $7.37 billion, a PE ratio of 8.44, a PEG ratio of 0.77 and a beta of 1.51. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.58 and a current ratio of 0.87. Whirlpool Co. has a 1-year low of $102.13 and a 1-year high of $187.47.
Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.76 by $0.79. The company had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 earnings per share. Equities research analysts predict that Whirlpool Co. will post 14.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Friday, November 16th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.97%. Whirlpool’s dividend payout ratio (DPR) is currently 33.48%.
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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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