Toronto Dominion Bank increased its position in Whirlpool Corporation (NYSE:WHR) by 18.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,000 shares of the company’s stock after purchasing an additional 4,101 shares during the quarter. Toronto Dominion Bank’s holdings in Whirlpool Corporation were worth $4,982,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Afam Capital Inc. lifted its position in Whirlpool Corporation by 2.6% in the second quarter. Afam Capital Inc. now owns 34,987 shares of the company’s stock worth $6,704,000 after purchasing an additional 889 shares during the period. WINTON GROUP Ltd lifted its position in Whirlpool Corporation by 31.0% in the second quarter. WINTON GROUP Ltd now owns 43,710 shares of the company’s stock worth $8,376,000 after purchasing an additional 10,351 shares during the period. Westwood Holdings Group Inc. bought a new position in Whirlpool Corporation in the second quarter worth $153,000. Ameritas Investment Partners Inc. lifted its position in Whirlpool Corporation by 19.5% in the second quarter. Ameritas Investment Partners Inc. now owns 10,210 shares of the company’s stock worth $1,955,000 after purchasing an additional 1,665 shares during the period. Finally, Delphi Management Inc. MA lifted its position in Whirlpool Corporation by 98.5% in the second quarter. Delphi Management Inc. MA now owns 26,109 shares of the company’s stock worth $4,736,000 after purchasing an additional 12,954 shares during the period. 91.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Whirlpool Corporation (NYSE WHR) traded up 1.24% on Friday, hitting $180.17. The company’s stock had a trading volume of 47,473 shares. The stock’s 50-day moving average price is $176.78 and its 200-day moving average price is $180.76. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 18.03 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 released its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.19). The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 earnings per share. Equities analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.47%. Whirlpool Corporation’s payout ratio is 44.04%.
Whirlpool Corporation announced that its board has authorized a share repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in shares. This buyback authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
In related news, Director William D. Perez bought 1,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was purchased at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.69% of the company’s stock.
Several research analysts recently commented on the company. Credit Suisse Group assumed coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price for the company. BidaskClub cut Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $192.17.
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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