Strs Ohio lowered its position in Whirlpool Co. (NYSE:WHR – Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,000 shares of the company’s stock after selling 9,888 shares during the quarter. Strs Ohio owned approximately 0.17% of Whirlpool worth $12,541,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Whirlpool by 21.8% in the third quarter. State Street Corp now owns 3,122,210 shares of the company’s stock worth $420,905,000 after acquiring an additional 558,391 shares during the last quarter. Edmp Inc. lifted its stake in Whirlpool by 13,823.6% in the fourth quarter. Edmp Inc. now owns 1,426,058 shares of the company’s stock worth $10,081,000 after acquiring an additional 1,415,816 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Whirlpool by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,361,611 shares of the company’s stock worth $192,613,000 after acquiring an additional 117,654 shares during the last quarter. Geode Capital Management LLC lifted its stake in Whirlpool by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,117,574 shares of the company’s stock worth $157,809,000 after acquiring an additional 7,573 shares during the last quarter. Finally, Newport Trust Co lifted its stake in Whirlpool by 0.4% in the fourth quarter. Newport Trust Co now owns 1,052,738 shares of the company’s stock worth $148,920,000 after acquiring an additional 4,127 shares during the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on WHR. StockNews.com started coverage on shares of Whirlpool in a research note on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and lowered their target price for the company from $170.00 to $160.00 in a report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $136.80.
Whirlpool Stock Performance
Whirlpool (NYSE:WHR – Get Free Report) last issued 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. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.31 EPS. On average, equities analysts anticipate that Whirlpool Co. will post 16.25 EPS for the current fiscal year.
Whirlpool Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Thursday, May 18th. Whirlpool’s dividend payout ratio is currently -19.10%.
Insider Buying and Selling
In other Whirlpool news, EVP Juan Carlos Puente sold 420 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $134.16, for a total transaction of $56,347.20. Following the completion of the transaction, the executive vice president now owns 17,699 shares in the company, valued at approximately $2,374,497.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.85% of the stock is owned by company insiders.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products and services in North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
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