Wealthfront Advisers LLC grew its stake in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 33.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,345 shares of the company's stock after purchasing an additional 3,579 shares during the period. Wealthfront Advisers LLC's holdings in Whirlpool were worth $2,222,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IFG Advisory LLC boosted its stake in shares of Whirlpool by 4.5% in the 1st quarter. IFG Advisory LLC now owns 1,403 shares of the company's stock worth $242,000 after buying an additional 61 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Whirlpool by 3.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,933 shares of the company's stock worth $688,000 after buying an additional 86 shares during the last quarter. TCM Advisors LLC boosted its stake in shares of Whirlpool by 3.1% in the 1st quarter. TCM Advisors LLC now owns 3,300 shares of the company's stock worth $570,000 after buying an additional 100 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company's stock worth $35,000 after buying an additional 100 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Whirlpool by 16.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 717 shares of the company's stock worth $124,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 96.37% of the company's stock.
Get Whirlpool alerts:Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on Whirlpool from $227.00 to $191.00 in a research note on Friday, July 15th. TheStreet downgraded Whirlpool from a "b" rating to a "c+" rating in a research note on Monday, July 25th. Finally, The Goldman Sachs Group dropped their price objective on Whirlpool from $235.00 to $202.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $198.00.
Whirlpool Trading Down 2.0 %
NYSE:WHR opened at $134.81 on Monday. The company has a market cap of $7.35 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.16 and a beta of 1.55. The stock's fifty day moving average price is $158.10 and its two-hundred day moving average price is $167.75. Whirlpool Co. has a 1 year low of $134.68 and a 1 year high of $245.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.11 and a quick ratio of 0.69.Whirlpool (NYSE:WHR – Get Rating) last posted its earnings results on Monday, July 25th. The company reported $5.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.23 by $0.74. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.24 billion. Whirlpool had a return on equity of 30.13% and a net margin of 3.33%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.64 earnings per share. As a group, analysts expect that Whirlpool Co. will post 22.83 EPS for the current year.
Whirlpool Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $7.00 annualized dividend and a dividend yield of 5.19%. Whirlpool's dividend payout ratio is currently 62.95%.
Whirlpool Profile
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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 and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
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