Mirae Asset Global Investments Co. Ltd. Has $2.61 Million Holdings in Whirlpool Co. (NYSE:WHR)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Whirlpool Co. (NYSE:WHR) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,444 shares of the company’s stock after purchasing an additional 1,102 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Whirlpool were worth $2,611,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC grew its stake in shares of Whirlpool by 160.0% during the third quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares during the period. Park Place Capital Corp acquired a new stake in shares of Whirlpool during the third quarter worth $29,000. ICA Group Wealth Management LLC grew its stake in Whirlpool by 716.7% in the first quarter. ICA Group Wealth Management LLC now owns 245 shares of the company’s stock valued at $32,000 after acquiring an additional 215 shares during the period. Point72 Asset Management L.P. acquired a new position in Whirlpool in the fourth quarter valued at about $32,000. Finally, Private Trust Co. NA grew its stake in Whirlpool by 190.7% in the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after acquiring an additional 185 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Performance

WHR opened at $104.11 on Friday. Whirlpool Co. has a 52-week low of $98.40 and a 52-week high of $160.62. The firm has a market capitalization of $5.69 billion, a PE ratio of 11.95 and a beta of 1.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. The business’s 50-day simple moving average is $110.03 and its 200 day simple moving average is $113.86.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.32. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.89 earnings per share. As a group, sell-side analysts expect that Whirlpool Co. will post 13.64 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 6.72%. Whirlpool’s dividend payout ratio is 80.37%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. StockNews.com raised Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. decreased their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Royal Bank of Canada decreased their target price on Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. Finally, Loop Capital began coverage on Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Whirlpool has a consensus rating of “Hold” and a consensus target price of $114.60.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.