Fmr LLC Cuts Position in Whirlpool Co. (WHR)

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Fmr LLC decreased its holdings in Whirlpool Co. (NYSE:WHR) by 87.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 29,124 shares of the company’s stock after selling 212,385 shares during the period. Fmr LLC’s holdings in Whirlpool were worth $4,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WHR. Iridian Asset Management LLC CT purchased a new position in Whirlpool in the second quarter valued at approximately $125,557,000. Hexavest Inc. purchased a new position in Whirlpool in the second quarter valued at approximately $34,408,000. LSV Asset Management raised its holdings in Whirlpool by 12.1% in the second quarter. LSV Asset Management now owns 1,899,080 shares of the company’s stock valued at $277,702,000 after buying an additional 205,203 shares during the period. South Texas Money Management Ltd. purchased a new position in Whirlpool in the second quarter valued at approximately $18,437,000. Finally, Levin Capital Strategies L.P. raised its holdings in Whirlpool by 13.1% in the second quarter. Levin Capital Strategies L.P. now owns 825,876 shares of the company’s stock valued at $120,768,000 after buying an additional 95,405 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Several research firms recently commented on WHR. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. Standpoint Research began coverage on shares of Whirlpool in a report on Tuesday, July 10th. They issued a “buy” rating on the stock. Longbow Research lowered shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price target on the stock. in a report on Tuesday, July 24th. Credit Suisse Group set a $175.00 price target on shares of Whirlpool and gave the company a “buy” rating in a report on Tuesday, July 24th. Finally, Royal Bank of Canada lowered shares of Whirlpool from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Whirlpool has a consensus rating of “Hold” and a consensus target price of $171.88.

In other news, Director Diane M. Dietz acquired 1,600 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were bought at an average price of $124.26 per share, for a total transaction of $198,816.00. Following the completion of the purchase, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,036,204.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.83% of the company’s stock.

WHR opened at $103.85 on Friday. The company has a market cap of $7.67 billion, a PE ratio of 7.59, a PEG ratio of 0.90 and a beta of 1.54. Whirlpool Co. has a 52-week low of $102.85 and a 52-week high of $187.47. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.59 and a current ratio of 0.92.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, July 23rd. The company reported $3.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.43). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 EPS. Equities research analysts predict 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 dividend of $1.15 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.43%. 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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