Bessemer Group Inc. cut its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 403,189 shares of the company’s stock after selling 6,824 shares during the quarter. Bessemer Group Inc. owned approximately 0.56% of Whirlpool Corporation worth $74,365,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at $100,000. Sun Life Financial INC increased its position in shares of Whirlpool Corporation by 7,628.6% during the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after purchasing an additional 534 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Whirlpool Corporation by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after purchasing an additional 135 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in Whirlpool Corporation in the 2nd quarter worth about $191,000. 93.18% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Credit Suisse Group set a $187.00 target price on Whirlpool Corporation and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada downgraded Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and cut their target price for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Bank of America Corporation downgraded Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 target price for the company. in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $184.67.
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Whirlpool Corporation (NYSE:WHR) traded down $0.64 during trading hours on Friday, reaching $162.10. The company had a trading volume of 131,753 shares, compared to its average volume of 846,693. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The company has a market cap of $11,697.11, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.87. Whirlpool Corporation has a one year low of $159.71 and a one year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. Whirlpool Corporation’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $3.66 earnings per share. research analysts anticipate that Whirlpool Corporation will post 13.7 EPS for the current fiscal year.
Whirlpool Corporation declared that its Board of Directors has approved a share buyback program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 16.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a yield of 2.71%. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 41.47%.
About Whirlpool Corporation
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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