Emerald Advisers Inc. PA decreased its position in Whirlpool Corp. (NYSE:WHR) by 26.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,690 shares of the company’s stock after selling 6,098 shares during the period. Emerald Advisers Inc. PA’s holdings in Whirlpool Corp. were worth $2,781,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of WHR. Fairpointe Capital LLC acquired a new stake in shares of Whirlpool Corp. during the first quarter worth about $88,525,000. Capital Growth Management LP raised its stake in shares of Whirlpool Corp. by 28.7% in the first quarter. Capital Growth Management LP now owns 785,000 shares of the company’s stock worth $141,567,000 after buying an additional 175,000 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Whirlpool Corp. by 288.9% in the first quarter. Pictet Asset Management Ltd. now owns 195,827 shares of the company’s stock worth $30,416,000 after buying an additional 145,474 shares during the last quarter. Anchor Bolt Capital LP acquired a new stake in shares of Whirlpool Corp. during the first quarter worth about $23,093,000. Finally, Bank of Montreal Can acquired a new stake in shares of Whirlpool Corp. during the second quarter worth about $11,260,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 1.67% during midday trading on Friday, hitting $163.49. The company had a trading volume of 588,357 shares. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 14.49 and a beta of 1.61. The company’s 50 day moving average is $170.29 and its 200 day moving average is $176.34. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. Whirlpool Corp.’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.70 earnings per share. Equities analysts forecast that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio (DPR) is presently 35.40%.
WHR has been the topic of a number of research analyst reports. Bank of America Corp. reissued a “buy” rating on shares of Whirlpool Corp. in a research note on Wednesday, June 29th. Zacks Investment Research raised Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price target on the stock in a research note on Wednesday, June 29th. MKM Partners raised their price target on Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. lowered Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Gabelli lowered Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Whirlpool Corp. has an average rating of “Buy” and an average target price of $198.50.
In related news, insider Marc R. Bitzer sold 1,012 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $190.00, for a total transaction of $192,280.00. Following the transaction, the insider now directly owns 1,012 shares of the company’s stock, valued at $192,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joao Carlos Brega sold 14,166 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the transaction, the insider now directly owns 29,043 shares in the company, valued at $5,617,787.49. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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