D.A. Davidson & CO. lifted its position in shares of Whirlpool Co. (NYSE:WHR) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,571 shares of the company’s stock after buying an additional 1,417 shares during the quarter. D.A. Davidson & CO.’s holdings in Whirlpool were worth $3,303,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in Whirlpool by 0.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 555,461 shares of the company’s stock valued at $85,046,000 after purchasing an additional 4,458 shares during the period. Tradition Capital Management LLC grew its holdings in Whirlpool by 6.6% in the first quarter. Tradition Capital Management LLC now owns 43,590 shares of the company’s stock valued at $6,674,000 after purchasing an additional 2,682 shares during the period. Hodges Capital Management Inc. grew its holdings in Whirlpool by 13.4% in the first quarter. Hodges Capital Management Inc. now owns 17,551 shares of the company’s stock valued at $2,687,000 after purchasing an additional 2,068 shares during the period. Trexquant Investment LP purchased a new stake in Whirlpool in the first quarter valued at approximately $1,332,000. Finally, Mackay Shields LLC purchased a new stake in Whirlpool in the first quarter valued at approximately $13,744,000. Institutional investors and hedge funds own 89.49% of the company’s stock.
In other news, EVP Joseph T. Liotine sold 1,950 shares of the business’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $155.85, for a total transaction of $303,907.50. Following the transaction, the executive vice president now directly owns 15,954 shares of the company’s stock, valued at $2,486,430.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.83% of the company’s stock.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, April 23rd. The company reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($0.15). Whirlpool had a return on equity of 19.07% and a net margin of 1.36%. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.95 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. equities research analysts anticipate that Whirlpool Co. will post 15.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 18th will be given a dividend of $1.15 per share. This is a boost from Whirlpool’s previous quarterly dividend of $1.10. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 17th. Whirlpool’s payout ratio is presently 32.02%.
A number of brokerages have weighed in on WHR. ValuEngine cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Royal Bank of Canada lifted their price target on shares of Whirlpool to $200.00 and gave the company an “in-line” rating in a research report on Monday, January 29th. KeyCorp reaffirmed an “equal weight” rating on shares of Whirlpool in a research report on Monday, January 29th. Goldman Sachs reduced their price target on shares of Whirlpool to $130.00 and set a “sell” rating on the stock in a research report on Wednesday, April 25th. Finally, MKM Partners lifted their price target on shares of Whirlpool to $179.00 and gave the company a “neutral” rating in a research report on Friday, April 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $171.33.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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