Pinebridge Investments L.P. Purchases 7,102 Shares of Whirlpool Co. (NYSE:WHR)

Pinebridge Investments L.P. increased its holdings in Whirlpool Co. (NYSE:WHR) by 38.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,681 shares of the company’s stock after acquiring an additional 7,102 shares during the period. Pinebridge Investments L.P.’s holdings in Whirlpool were worth $2,940,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brown Lisle Cummings Inc. bought a new stake in shares of Whirlpool during the 4th quarter worth $27,000. SBI Securities Co. Ltd. purchased a new stake in Whirlpool during the fourth quarter worth about $30,000. GAMMA Investing LLC boosted its stake in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after acquiring an additional 210 shares during the last quarter. Nemes Rush Group LLC grew its position in shares of Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares during the period. Finally, Bogart Wealth LLC increased its stake in shares of Whirlpool by 113.6% during the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Down 2.0 %

WHR opened at $77.42 on Friday. The company has a 50 day moving average of $89.83 and a 200 day moving average of $104.80. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. Whirlpool Co. has a 12 month low of $75.03 and a 12 month high of $135.49. The company has a market cap of $4.29 billion, a PE ratio of -13.21 and a beta of 1.31.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.06). Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the firm posted $1.78 earnings per share. On average, sell-side analysts expect that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 9.04%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool’s dividend payout ratio is presently 5,000.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WHR. The Goldman Sachs Group upped their price objective on Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com downgraded Whirlpool from a “hold” rating to a “sell” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.00.

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.