Ritholtz Wealth Management bought a new stake in shares of Whirlpool Co. (NYSE:WHR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,220 shares of the company’s stock, valued at approximately $224,000.
Several other institutional investors and hedge funds have also bought and sold shares of WHR. Advisors Asset Management Inc. purchased a new stake in Whirlpool in the second quarter worth $27,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Whirlpool by 44.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 243 shares of the company’s stock worth $31,000 after acquiring an additional 75 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Whirlpool in the second quarter worth $31,000. Smithfield Trust Co. grew its stake in shares of Whirlpool by 44.5% in the second quarter. Smithfield Trust Co. now owns 289 shares of the company’s stock worth $37,000 after acquiring an additional 89 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Whirlpool by 33.5% in the second quarter. Signaturefd LLC now owns 299 shares of the company’s stock worth $39,000 after acquiring an additional 75 shares during the last quarter. 98.93% of the stock is currently owned by hedge funds and other institutional investors.
WHR stock traded down $3.04 during trading on Monday, reaching $195.07. The stock had a trading volume of 10,165 shares, compared to its average volume of 906,870. Whirlpool Co. has a 52 week low of $64.00 and a 52 week high of $207.30. The stock’s 50 day moving average is $184.43 and its two-hundred day moving average is $147.26. The company has a current ratio of 0.98, a quick ratio of 0.71 and a debt-to-equity ratio of 1.24. The firm has a market cap of $12.34 billion, a PE ratio of 15.18, a PEG ratio of 0.90 and a beta of 2.01.
Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, October 21st. The company reported $6.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $3.41. Whirlpool had a return on equity of 22.08% and a net margin of 4.42%. During the same period in the prior year, the business earned $3.97 EPS. On average, research analysts anticipate that Whirlpool Co. will post 13.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 20th will be issued a $1.25 dividend. This is an increase from Whirlpool’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, November 19th. This represents a $5.00 dividend on an annualized basis and a yield of 2.56%. Whirlpool’s dividend payout ratio is currently 30.00%.
A number of equities research analysts have recently commented on WHR shares. Royal Bank of Canada raised Whirlpool from an “underperform” rating to a “sector perform” rating and increased their target price for the stock from $163.00 to $183.00 in a research note on Friday. Credit Suisse Group increased their target price on Whirlpool from $136.00 to $162.00 and gave the stock an “underperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their target price on Whirlpool from $153.00 to $199.00 and gave the stock a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on Whirlpool from $192.00 to $237.00 and gave the company an “overweight” rating in a report on Friday. They noted that the move was a valuation call. Finally, TheStreet raised Whirlpool from a “c+” rating to a “b” rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $183.88.
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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