Teachers Advisors LLC lessened its position in shares of Whirlpool Corporation (NYSE:WHR) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,856 shares of the company’s stock after selling 3,685 shares during the quarter. Teachers Advisors LLC owned about 0.17% of Whirlpool Corporation worth $23,542,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at approximately $100,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Whirlpool Corporation by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares during the period. Global X Management Co. LLC raised its position in shares of Whirlpool Corporation by 33.1% during the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after buying an additional 246 shares during the period. IBM Retirement Fund purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at approximately $205,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at approximately $206,000. 91.47% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director William D. Perez acquired 1,000 shares of Whirlpool Corporation stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the purchase, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.69% of the company’s stock.
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Several research firms have recently commented on WHR. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $194.71.
Shares of Whirlpool Corporation (WHR) opened at 175.23 on Friday. The company has a 50-day moving average of $172.40 and a 200 day moving average of $179.94. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The firm has a market cap of $12.79 billion, a P/E ratio of 17.54 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. Equities research analysts anticipate that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is 44.04%.
Whirlpool Corporation declared that its board has authorized a share buyback program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 16.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
About Whirlpool Corporation
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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