Fmr LLC increased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 487.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 307,712 shares of the company’s stock after acquiring an additional 255,304 shares during the period. Fmr LLC owned approximately 0.48% of Whirlpool worth $32,885,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Whirlpool by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 651,234 shares of the company’s stock valued at $77,334,000 after acquiring an additional 1,974 shares during the period. Standard Life Aberdeen plc lifted its position in Whirlpool by 1.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 116,647 shares of the company’s stock valued at $13,852,000 after acquiring an additional 1,197 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Whirlpool during the 3rd quarter valued at about $271,000. LPL Financial LLC lifted its position in Whirlpool by 35.3% during the 3rd quarter. LPL Financial LLC now owns 18,124 shares of the company’s stock valued at $2,152,000 after acquiring an additional 4,732 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Whirlpool by 29.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,072 shares of the company’s stock valued at $484,000 after acquiring an additional 922 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.
In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of Whirlpool stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $133.54, for a total value of $379,921.30. Following the completion of the transaction, the director now directly owns 6,550 shares of the company’s stock, valued at $874,687. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on WHR shares. Royal Bank of Canada cut shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target for the company. in a research report on Wednesday, January 30th. Zacks Investment Research cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Raymond James reissued a “hold” rating on shares of Whirlpool in a research report on Monday, March 18th. Finally, Buckingham Research began coverage on shares of Whirlpool in a report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $144.08.
Shares of Whirlpool stock opened at $139.06 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.55. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.94 and a beta of 1.61. Whirlpool Co. has a 52-week low of $99.40 and a 52-week high of $167.54.
Whirlpool (NYSE:WHR) last issued its earnings results on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.45. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Whirlpool had a negative net margin of 0.87% and a positive return on equity of 27.24%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.10 earnings per share. As a group, research analysts predict that Whirlpool Co. will post 14.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 3.45%. Whirlpool’s payout ratio is 30.34%.
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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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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