Quantum Capital Management grew its position in Whirlpool Corporation (NYSE:WHR) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,726 shares of the company’s stock after buying an additional 6,078 shares during the quarter. Whirlpool Corporation accounts for 1.6% of Quantum Capital Management’s holdings, making the stock its 25th largest holding. Quantum Capital Management owned about 0.05% of Whirlpool Corporation worth $6,958,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of WHR. Dupont Capital Management Corp purchased a new stake in shares of Whirlpool Corporation in the 2nd quarter worth $100,000. Sun Life Financial INC lifted its holdings in shares of Whirlpool Corporation by 7,628.6% in the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after buying an additional 534 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Whirlpool Corporation by 26.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after buying an additional 135 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of Whirlpool Corporation in the 2nd quarter worth $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in shares of Whirlpool Corporation in the 2nd quarter worth $191,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
Whirlpool Corporation (WHR) traded up $0.57 on Thursday, hitting $161.57. The stock had a trading volume of 736,700 shares, compared to its average volume of 846,630. Whirlpool Corporation has a 52-week low of $158.80 and a 52-week high of $202.99. The company has a market cap of $11,610.00, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.56 and a beta of 1.87. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.
Whirlpool Corporation (NYSE:WHR) last announced its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the company earned $3.66 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts forecast that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
Whirlpool Corporation declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is currently 41.51%.
Several equities research analysts have weighed in on the company. Credit Suisse Group set a $187.00 target price on Whirlpool Corporation and gave the stock a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada lowered Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and reduced their price target for the stock from $209.00 to $184.00 in a research report on Tuesday, October 24th. Finally, Bank of America Corporation lowered Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 price target for the company. in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $184.67.
Whirlpool Corporation Profile
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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