Whirlpool Co. (WHR) Stake Lessened by Anchor Bolt Capital LP

Anchor Bolt Capital LP reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 67.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,607 shares of the company’s stock after selling 125,664 shares during the quarter. Anchor Bolt Capital LP owned approximately 0.09% of Whirlpool worth $11,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WHR. Epoch Investment Partners Inc. purchased a new stake in Whirlpool in the third quarter worth about $75,398,000. Harris Associates L P lifted its stake in Whirlpool by 12.5% in the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after acquiring an additional 241,659 shares during the period. Ameriprise Financial Inc. lifted its stake in Whirlpool by 136.1% in the second quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after acquiring an additional 233,661 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Whirlpool by 72.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock worth $85,157,000 after acquiring an additional 194,739 shares during the period. Finally, Stifel Financial Corp lifted its stake in Whirlpool by 667.5% in the third quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock worth $30,555,000 after acquiring an additional 144,086 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Co. (WHR) traded up $1.38 during mid-day trading on Friday, hitting $170.49. 742,800 shares of the company’s stock traded hands, compared to its average volume of 850,103. The stock has a market capitalization of $12,152.72, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88. Whirlpool Co. has a 1-year low of $158.80 and a 1-year high of $202.99. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.66 earnings per share. sell-side analysts expect that Whirlpool Co. will post 13.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, November 16th. Whirlpool’s payout ratio is 41.47%.

A number of analysts recently weighed in on WHR shares. ValuEngine lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. MKM Partners set a $177.00 price target on shares of Whirlpool and gave the company a “hold” rating in a research report on Friday, October 6th. Royal Bank Of Canada reissued a “buy” rating and set a $209.00 price target on shares of Whirlpool in a research report on Tuesday, October 10th. Finally, Bank of America lowered shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price target for the company. in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Whirlpool presently has an average rating of “Hold” and a consensus target price of $183.60.

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About Whirlpool

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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