Arizona State Retirement System decreased its position in shares of Whirlpool Corp. (NYSE:WHR) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,529 shares of the company’s stock after selling 100 shares during the period. Arizona State Retirement System’s holdings in Whirlpool Corp. were worth $3,005,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Evercore Trust Company N.A. raised its position in Whirlpool Corp. by 0.3% in the second quarter. Evercore Trust Company N.A. now owns 1,467,654 shares of the company’s stock worth $244,570,000 after buying an additional 5,110 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Whirlpool Corp. by 68.9% in the second quarter. Neuberger Berman Group LLC now owns 804,176 shares of the company’s stock worth $134,008,000 after buying an additional 327,929 shares during the period. Dimensional Fund Advisors LP boosted its stake in Whirlpool Corp. by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 779,637 shares of the company’s stock worth $129,907,000 after buying an additional 33,821 shares during the period. Wells Fargo & Company MN boosted its stake in Whirlpool Corp. by 2.3% in the third quarter. Wells Fargo & Company MN now owns 601,008 shares of the company’s stock worth $97,460,000 after buying an additional 13,251 shares during the period. Finally, CI Investments Inc. acquired a new stake in Whirlpool Corp. during the second quarter worth approximately $81,358,000. Institutional investors and hedge funds own 90.02% of the company’s stock.
Whirlpool Corp. (NYSE:WHR) traded up 0.82% during midday trading on Thursday, reaching $165.32. The company had a trading volume of 630,199 shares. Whirlpool Corp. has a 1-year low of $123.60 and a 1-year high of $194.10. The stock has a market capitalization of $12.42 billion, a PE ratio of 14.46 and a beta of 1.94. The firm’s 50 day moving average is $159.82 and its 200 day moving average is $171.24.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Tuesday, October 25th. The company reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $3.88 by $0.22. Whirlpool Corp. had a net margin of 4.31% and a return on equity of 18.64%. The business earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the previous year, the company posted $3.45 earnings per share. Whirlpool Corp.’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts anticipate that Whirlpool Corp. will post $14.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.42%. Whirlpool Corp.’s payout ratio is 34.93%.
A number of research firms have recently commented on WHR. Zacks Investment Research cut Whirlpool Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. MKM Partners cut Whirlpool Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the company from $215.00 to $176.00 in a research report on Monday, October 17th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $182.00 target price on shares of Whirlpool Corp. in a research report on Thursday, October 27th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $189.86.
In other news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the sale, the insider now directly owns 4,807 shares of the company’s stock, valued at $871,653.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is currently owned by insiders.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.