Trade Report: The Hanson & Doremus Investment Management reached $1,145,000 position of Whirlpool Corp. (WHR)

The Hanson & Doremus Investment Management reached $1,145,000 position  of Whirlpool Corp. (WHR)

Hanson & Doremus Investment Management boosted its stake in Whirlpool Corp. (NYSE:WHR) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,871 shares of the company’s stock after buying an additional 141 shares during the period. Hanson & Doremus Investment Management’s holdings in Whirlpool Corp. were worth $1,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Growth Management LP raised its position in Whirlpool Corp. by 28.7% in the first quarter. Capital Growth Management LP now owns 785,000 shares of the company’s stock valued at $141,567,000 after buying an additional 175,000 shares during the period. Geode Capital Management LLC raised its position in Whirlpool Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 629,731 shares of the company’s stock valued at $113,334,000 after buying an additional 6,113 shares during the period. Fairpointe Capital LLC purchased a new position in Whirlpool Corp. during the first quarter valued at approximately $88,525,000. Legal & General Group Plc raised its position in Whirlpool Corp. by 1.7% in the first quarter. Legal & General Group Plc now owns 362,272 shares of the company’s stock valued at $65,324,000 after buying an additional 6,037 shares during the period. Finally, Cooke & Bieler LP raised its position in Whirlpool Corp. by 11.8% in the second quarter. Cooke & Bieler LP now owns 330,200 shares of the company’s stock valued at $55,025,000 after buying an additional 34,940 shares during the period. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Whirlpool Corp. (NYSE:WHR) traded up 0.30% during mid-day trading on Friday, hitting $161.26. 272,139 shares of the stock traded hands. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The company has a 50 day moving average of $167.71 and a 200-day moving average of $175.92. The stock has a market cap of $12.17 billion, a PE ratio of 14.29 and a beta of 1.61.

Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings data on Friday, July 22nd. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The business earned $5.21 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same quarter last year, the firm posted $2.70 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts forecast that Whirlpool Corp. will post $14.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Wednesday, August 24th. Whirlpool Corp.’s payout ratio is 35.40%.

WHR has been the subject of several recent analyst reports. MKM Partners boosted their price objective on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. upgraded shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research note on Monday, July 25th. Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research lowered shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Whirlpool Corp. in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Whirlpool Corp. currently has a consensus rating of “Buy” and a consensus target price of $198.50.

In related news, insider Joao Carlos Brega sold 14,166 shares of Whirlpool Corp. stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the completion of the transaction, the insider now owns 29,043 shares in the company, valued at $5,617,787.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James W. Peters sold 2,929 shares of Whirlpool Corp. stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $193.35, for a total transaction of $566,322.15. Following the completion of the transaction, the executive vice president now owns 13,308 shares of the company’s stock, valued at approximately $2,573,101.80. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

About Whirlpool Corp.

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.

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