Principal Financial Group Inc. trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,986 shares of the company’s stock after selling 2,644 shares during the quarter. Principal Financial Group Inc. owned 0.13% of Whirlpool worth $9,759,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of WHR. TD Capital Management LLC bought a new stake in Whirlpool during the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its stake in Whirlpool by 96.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Whirlpool by 526.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares in the last quarter. Silvant Capital Management LLC bought a new stake in Whirlpool during the 4th quarter worth approximately $57,000. Finally, AlphaCentric Advisors LLC bought a new stake in Whirlpool during the 3rd quarter worth approximately $79,000. 92.14% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
WHR has been the subject of several research reports. Credit Suisse Group raised their price target on shares of Whirlpool from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Royal Bank of Canada raised their price target on shares of Whirlpool from $108.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 1st. StockNews.com assumed coverage on shares of Whirlpool in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $170.00 to $160.00 in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $136.80.
Whirlpool Stock Up 1.5 %
Whirlpool (NYSE:WHR – Get Rating) last announced its earnings results on Monday, April 24th. The company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.52. The company had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Whirlpool had a negative net margin of 10.34% and a positive return on equity of 28.28%. Whirlpool’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.31 earnings per share. Equities analysts anticipate that Whirlpool Co. will post 16.42 earnings per share for the current year.
Whirlpool Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be given a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 5.22%. Whirlpool’s payout ratio is presently -19.10%.
Whirlpool Profile
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.
Further Reading
- Get a free copy of the StockNews.com research report on Whirlpool (WHR)
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