Adell Harriman & Carpenter Inc. cut its stake in Whirlpool Corp. (NYSE:WHR) by 6.6% during the third quarter, Holdings Channel reports. The fund owned 5,279 shares of the company’s stock after selling 375 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Whirlpool Corp. were worth $856,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in WHR. Kanaly Trust Co boosted its stake in shares of Whirlpool Corp. by 0.3% in the second quarter. Kanaly Trust Co now owns 1,147 shares of the company’s stock valued at $191,000 after buying an additional 4 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of Whirlpool Corp. by 0.5% in the second quarter. Advisor Partners LLC now owns 1,515 shares of the company’s stock valued at $252,000 after buying an additional 8 shares during the last quarter. Bollard Group LLC boosted its stake in shares of Whirlpool Corp. by 0.6% in the second quarter. Bollard Group LLC now owns 2,121 shares of the company’s stock valued at $353,000 after buying an additional 12 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Whirlpool Corp. by 0.7% in the third quarter. Savant Capital LLC now owns 2,690 shares of the company’s stock valued at $436,000 after buying an additional 20 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Whirlpool Corp. by 0.6% in the second quarter. Norinchukin Bank The now owns 3,985 shares of the company’s stock valued at $664,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 0.18% during trading on Friday, reaching $165.62. 129,973 shares of the company traded hands. The firm has a 50 day moving average of $159.82 and a 200 day moving average of $171.24. The stock has a market capitalization of $12.44 billion, a PE ratio of 14.48 and a beta of 1.94. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $3.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.88 by $0.22. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Whirlpool Corp. had a net margin of 4.31% and a return on equity of 18.64%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $3.45 earnings per share. On average, equities analysts predict that Whirlpool Corp. will post $14.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, November 16th. Whirlpool Corp.’s payout ratio is 34.93%.
A number of research firms have recently weighed in on WHR. MKM Partners downgraded shares of Whirlpool Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $215.00 to $176.00 in a report on Monday, October 17th. Zacks Investment Research upgraded shares of Whirlpool Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 26th. Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $182.00 target price on shares of Whirlpool Corp. in a report on Thursday, October 27th. Four investment 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 stock. Whirlpool Corp. presently has a consensus rating of “Buy” and an average target price of $189.86.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the transaction, the insider now directly owns 4,807 shares of the company’s stock, valued at $871,653.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.62% of the company’s stock.
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.