Oppenheimer & Co. Inc. grew its position in shares of Whirlpool Co. (NYSE:WHR) by 22.0% during the third quarter, HoldingsChannel reports. The firm owned 3,216 shares of the company’s stock after purchasing an additional 579 shares during the period. Oppenheimer & Co. Inc.’s holdings in Whirlpool were worth $381,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Whirlpool during the second quarter valued at about $111,000. FNY Investment Advisers LLC acquired a new position in shares of Whirlpool in the second quarter worth approximately $123,000. NuWave Investment Management LLC acquired a new position in shares of Whirlpool in the third quarter worth approximately $107,000. First Hawaiian Bank acquired a new position in shares of Whirlpool in the third quarter worth approximately $160,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Whirlpool in the second quarter worth approximately $208,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on WHR. MKM Partners set a $146.00 price objective on Whirlpool and gave the stock a “hold” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Credit Suisse Group set a $175.00 price objective on Whirlpool and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Longbow Research lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price objective on the stock. in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada lowered Whirlpool from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $144.88.
Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.76 by $0.79. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.83 earnings per share. Equities analysts predict that Whirlpool Co. will post 14.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be issued a $1.15 dividend. The ex-dividend date is Thursday, November 15th. This represents a $4.60 dividend on an annualized basis and a yield of 3.95%. Whirlpool’s payout ratio is currently 33.48%.
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Whirlpool Company Profile
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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