Putnam Investments LLC cut its position in shares of Whirlpool Co. (NYSE:WHR) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,656 shares of the company’s stock after selling 100 shares during the period. Putnam Investments LLC’s holdings in Whirlpool were worth $301,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in WHR. Creative Planning boosted its stake in Whirlpool by 34.2% in the third quarter. Creative Planning now owns 4,800 shares of the company’s stock worth $778,000 after buying an additional 1,223 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Whirlpool by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 30,727 shares of the company’s stock worth $4,983,000 after buying an additional 200 shares in the last quarter. Highland Capital Management LLC raised its position in shares of Whirlpool by 1.1% in the third quarter. Highland Capital Management LLC now owns 9,586 shares of the company’s stock worth $1,554,000 after buying an additional 106 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Whirlpool during the third quarter worth $775,000. Finally, National Pension Service raised its position in shares of Whirlpool by 9.5% in the third quarter. National Pension Service now owns 61,795 shares of the company’s stock worth $10,021,000 after buying an additional 5,345 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.
Whirlpool Co. (NYSE:WHR) opened at 170.00 on Monday. The company’s 50-day moving average price is $175.79 and its 200-day moving average price is $170.79. Whirlpool Co. has a 12 month low of $145.91 and a 12 month high of $194.10. The stock has a market cap of $12.66 billion, a P/E ratio of 14.78 and a beta of 1.91.
Whirlpool (NYSE:WHR) last released its earnings results on Thursday, January 26th. The company reported $4.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.39 by $0.06. Whirlpool had a return on equity of 18.69% and a net margin of 4.29%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the firm posted $4.10 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts forecast that Whirlpool Co. will post $15.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Friday, March 3rd were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Wednesday, March 1st. Whirlpool’s payout ratio is 34.69%.
WHR has been the topic of several analyst reports. Goldman Sachs Group Inc lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $187.00 target price on the stock. in a report on Friday, January 27th. KeyCorp dropped their target price on Whirlpool from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, November 29th. Finally, Zacks Investment Research raised Whirlpool from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a report on Tuesday, January 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Whirlpool has a consensus rating of “Hold” and an average target price of $195.38.
In other Whirlpool news, Chairman Jeff M. Fettig sold 120,700 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $180.16, for a total transaction of $21,745,312.00. Following the transaction, the chairman now owns 54,983 shares in the company, valued at approximately $9,905,737.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James W. Peters sold 2,387 shares of the business’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $177.33, for a total value of $423,286.71. Following the transaction, the chief financial officer now owns 10,348 shares in the company, valued at approximately $1,835,010.84. The disclosure for this sale can be found here. Insiders have sold a total of 129,921 shares of company stock worth $23,378,785 in the last quarter. 2.62% of the stock is currently owned by insiders.
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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