Nordea Investment Management AB boosted its position in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,603 shares of the company’s stock after buying an additional 1,391 shares during the quarter. Nordea Investment Management AB’s holdings in Whirlpool were worth $1,919,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in Whirlpool by 21.8% during the third quarter. State Street Corp now owns 3,122,210 shares of the company’s stock valued at $420,905,000 after buying an additional 558,391 shares in the last quarter. LSV Asset Management boosted its stake in Whirlpool by 2.7% during the third quarter. LSV Asset Management now owns 2,097,627 shares of the company’s stock valued at $282,781,000 after buying an additional 54,500 shares in the last quarter. Boston Partners boosted its position in shares of Whirlpool by 2.9% in the 3rd quarter. Boston Partners now owns 1,880,330 shares of the company’s stock valued at $253,467,000 after purchasing an additional 53,869 shares during the period. Edmp Inc. boosted its position in shares of Whirlpool by 13,823.6% in the 4th quarter. Edmp Inc. now owns 1,426,058 shares of the company’s stock valued at $10,081,000 after purchasing an additional 1,415,816 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Whirlpool by 4.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,154,882 shares of the company’s stock valued at $199,541,000 after purchasing an additional 48,510 shares during the period. Institutional investors own 92.14% of the company’s stock.
Insider Transactions at Whirlpool
In other news, VP Christopher S. Conley sold 1,535 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $147.20, for a total transaction of $225,952.00. Following the completion of the sale, the vice president now directly owns 2,384 shares of the company’s stock, valued at approximately $350,924.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.85% of the company’s stock.
Whirlpool Stock Down 1.4 %
Whirlpool (NYSE:WHR – Get Rating) last posted its quarterly earnings results on Monday, April 24th. The company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.52. Whirlpool had a positive return on equity of 28.28% and a negative net margin of 10.34%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period last year, the business earned $5.31 EPS. The business’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, analysts expect that Whirlpool Co. will post 16.29 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Thursday, May 18th. Whirlpool’s dividend payout ratio (DPR) is presently -19.10%.
Analysts Set New Price Targets
WHR has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Whirlpool from a “neutral” rating to a “buy” rating and decreased their price target for the company from $170.00 to $160.00 in a research report on Tuesday, April 11th. StockNews.com upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. Royal Bank of Canada increased their price target on Whirlpool from $108.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, February 1st. Finally, Credit Suisse Group increased their price target on Whirlpool from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $136.80.
About Whirlpool
Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.
Read More
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