Utah Retirement Systems reduced its holdings in Whirlpool Co. (NYSE:WHR) by 9.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 11,659 shares of the company’s stock after selling 1,200 shares during the quarter. Utah Retirement Systems’ holdings in Whirlpool were worth $1,385,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in WHR. Piedmont Investment Advisors LLC bought a new position in Whirlpool in the 2nd quarter worth approximately $111,000. NuWave Investment Management LLC bought a new position in Whirlpool in the 3rd quarter worth approximately $107,000. Stratos Wealth Partners LTD. bought a new position in Whirlpool in the 3rd quarter worth approximately $116,000. KHP Capital LLC raised its position in Whirlpool by 243.3% in the 3rd quarter. KHP Capital LLC now owns 1,030 shares of the company’s stock worth $122,000 after purchasing an additional 730 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Whirlpool by 735.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,036 shares of the company’s stock worth $123,000 after purchasing an additional 912 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on WHR. MKM Partners set a $146.00 price objective on shares of Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Credit Suisse Group restated a “neutral” rating and issued a $125.00 price objective on shares of Whirlpool in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Cleveland Research restated a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Finally, Royal Bank of Canada set a $111.00 price objective on shares of Whirlpool and gave the stock a “hold” rating in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Whirlpool has an average rating of “Hold” and an average target price of $144.88.
Shares of Whirlpool stock opened at $120.37 on Friday. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53. Whirlpool Co. has a 52 week low of $102.13 and a 52 week high of $187.47. 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 issued its earnings results on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.76 by $0.79. The company had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 EPS. As a group, sell-side analysts forecast that Whirlpool Co. will post 14.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Thursday, November 15th. Whirlpool’s payout ratio is 33.48%.
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Whirlpool Company Profile
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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