Huntington National Bank continued to hold its position in shares of Whirlpool Corp. (NYSE:WHR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 659 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Whirlpool Corp. were worth $134,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in WHR. Bank of Montreal Can bought a new position in shares of Whirlpool Corp. during the second quarter worth about $11,260,000. Shell Asset Management Co. raised its position in shares of Whirlpool Corp. by 59.3% in the second quarter. Shell Asset Management Co. now owns 6,545 shares of the company’s stock worth $1,091,000 after buying an additional 2,437 shares in the last quarter. Sigma Planning Corp bought a new position in shares of Whirlpool Corp. during the second quarter worth about $227,000. Oakbrook Investments LLC raised its position in shares of Whirlpool Corp. by 105.2% in the second quarter. Oakbrook Investments LLC now owns 8,875 shares of the company’s stock worth $1,479,000 after buying an additional 4,550 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock worth $117,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 89.59% of the company’s stock.
Whirlpool Corp. (NYSE:WHR) traded down 1.67% during mid-day trading on Friday, reaching $163.49. 588,357 shares of the company’s stock were exchanged. The stock has a market cap of $12.33 billion, a P/E ratio of 14.49 and a beta of 1.61. The stock has a 50-day moving average price of $170.29 and a 200-day moving average price of $176.34. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings data on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.37 by $0.13. The company earned $5.21 billion during the quarter, compared to analysts’ expectations of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the business earned $2.70 earnings per share. On average, analysts forecast that Whirlpool Corp. will post $14.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.45%. Whirlpool Corp.’s dividend payout ratio is 35.40%.
A number of brokerages recently issued reports on WHR. Zacks Investment Research lowered shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. MKM Partners increased their target price on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Raymond James Financial Inc. lowered shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Bank of America Corp. restated a “buy” rating on shares of Whirlpool Corp. in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $198.50.
In related news, insider Marc R. Bitzer sold 1,012 shares of Whirlpool Corp. stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $190.00, for a total value of $192,280.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David T. Szczupak sold 10,307 shares of Whirlpool Corp. stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now directly owns 4,807 shares of the company’s stock, valued at $871,653.31. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.
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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