Crawford Investment Counsel Inc. maintained its position in Whirlpool Corporation (NYSE:WHR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,901 shares of the company’s stock at the end of the first quarter. Crawford Investment Counsel Inc.’s holdings in Whirlpool Corporation were worth $497,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norway Savings Bank purchased a new stake in Whirlpool Corporation during the fourth quarter worth about $164,000. State of Alaska Department of Revenue purchased a new stake in Whirlpool Corporation during the first quarter worth about $196,000. Essex Financial Services Inc. purchased a new stake in Whirlpool Corporation during the fourth quarter worth about $202,000. Wetherby Asset Management Inc. purchased a new stake in Whirlpool Corporation during the fourth quarter worth about $210,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in Whirlpool Corporation during the third quarter worth about $211,000. Hedge funds and other institutional investors own 96.63% of the company’s stock.
Shares of Whirlpool Corporation (WHR) opened at 195.87 on Friday. The stock’s 50 day moving average is $186.32 and its 200-day moving average is $178.55. The firm has a market cap of $14.49 billion, a P/E ratio of 16.86 and a beta of 1.76. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by $0.15. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the firm earned $2.63 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Whirlpool Corporation will post $15.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 19th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This is a positive change from Whirlpool Corporation’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.25%. Whirlpool Corporation’s payout ratio is 37.87%.
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WHR has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 19th. Royal Bank of Canada reiterated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Whirlpool Corporation currently has a consensus rating of “Hold” and an average target price of $191.43.
In other news, insider Marc R. Bitzer sold 19,314 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.69% of the stock is owned by insiders.
Whirlpool Corporation Company Profile
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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