First Mercantile Trust Co. bought a new position in Whirlpool Corp. (NYSE:WHR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,300 shares of the company’s stock, valued at approximately $383,000.
Other large investors have also modified their holdings of the company. BlackRock Group LTD increased its stake in shares of Whirlpool Corp. by 6.2% in the first quarter. BlackRock Group LTD now owns 859,795 shares of the company’s stock worth $155,054,000 after buying an additional 50,488 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Whirlpool Corp. by 68.9% in the second quarter. Neuberger Berman Group LLC now owns 804,176 shares of the company’s stock worth $134,008,000 after buying an additional 327,929 shares during the period. Capital Growth Management LP boosted 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 period. Dimensional Fund Advisors LP boosted its stake in shares of Whirlpool Corp. by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 779,637 shares of the company’s stock worth $129,907,000 after buying an additional 33,821 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Whirlpool Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 629,731 shares of the company’s stock worth $113,334,000 after buying an additional 6,113 shares during the period. Institutional investors and hedge funds own 89.59% of the company’s stock.
Shares of Whirlpool Corp. (NYSE:WHR) opened at 162.81 on Wednesday. The company’s 50-day moving average price is $175.45 and its 200-day moving average price is $177.00. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 14.43 and a beta of 1.71. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10.
Whirlpool Corp. (NYSE:WHR) last issued its earnings results on Friday, July 22nd. The company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the business posted $2.70 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Whirlpool Corp. will post $14.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.46%. Whirlpool Corp.’s dividend payout ratio is 35.40%.
A number of equities research analysts have commented on WHR shares. Bank of America Corp. reissued a “buy” rating and issued a $230.00 price objective on shares of Whirlpool Corp. in a research note on Wednesday, June 8th. MKM Partners raised their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. raised Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research note on Monday, July 25th. Gabelli cut Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Finally, Zacks Investment Research raised Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price objective for the company in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Whirlpool Corp. presently has a consensus rating of “Buy” and a consensus price target of $198.50.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the sale, the insider now directly owns 4,807 shares in the company, valued at approximately $871,653.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joao Carlos Brega sold 14,166 shares of the 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 sale, the insider now owns 29,043 shares in the company, valued at $5,617,787.49. The disclosure for this sale can be found here. Company 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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