OLD Mutual Customised Solutions Proprietary Ltd. Sells 700 Shares of Whirlpool Co. (WHR)

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OLD Mutual Customised Solutions Proprietary Ltd. lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,617 shares of the company’s stock after selling 700 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Whirlpool were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WHR. Assetmark Inc. boosted its stake in Whirlpool by 88.1% in the 1st quarter. Assetmark Inc. now owns 713 shares of the company’s stock worth $109,000 after buying an additional 334 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Whirlpool in the 2nd quarter worth about $111,000. FNY Investment Advisers LLC acquired a new stake in Whirlpool in the 2nd quarter worth about $123,000. Clearwater Capital Advisors LLC acquired a new stake in Whirlpool in the 1st quarter worth about $126,000. Finally, Norway Savings Bank acquired a new stake in Whirlpool in the 2nd quarter worth about $132,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

A number of analysts have issued reports on WHR shares. JPMorgan Chase & Co. decreased their price target on Whirlpool from $210.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, June 1st. ValuEngine lowered Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Credit Suisse Group raised Whirlpool from a “neutral” rating to a “buy” rating and raised their price target for the stock from $170.00 to $195.00 in a research note on Monday, June 4th. Zacks Investment Research lowered Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. Finally, Standpoint Research started coverage on Whirlpool in a research note on Tuesday, July 10th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Whirlpool currently has a consensus rating of “Hold” and an average target price of $174.75.

In other news, Director Diane M. Dietz acquired 1,600 shares of Whirlpool stock in a transaction dated Thursday, July 26th. The shares were acquired at an average cost of $124.26 per share, with a total value of $198,816.00. Following the purchase, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,036,204.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.83% of the company’s stock.

NYSE WHR opened at $123.21 on Friday. The stock has a market capitalization of $8.04 billion, a PE ratio of 8.93, a PEG ratio of 0.94 and a beta of 1.58. Whirlpool Co. has a 1-year low of $122.20 and a 1-year high of $190.73. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 1.43.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, July 23rd. The company reported $3.20 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.43). The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.29 billion. Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.35 earnings per share. sell-side analysts expect that Whirlpool Co. will post 14.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Stockholders of record on Friday, August 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Thursday, August 30th. Whirlpool’s dividend payout ratio is currently 33.48%.

About Whirlpool

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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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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