Whirlpool Co. (WHR) Holdings Increased by Tradition Capital Management LLC

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Tradition Capital Management LLC raised its position in shares of Whirlpool Co. (NYSE:WHR) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,011 shares of the company’s stock after purchasing an additional 9,668 shares during the quarter. Whirlpool accounts for 1.5% of Tradition Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Tradition Capital Management LLC’s holdings in Whirlpool were worth $5,582,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc increased its stake in Whirlpool by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock valued at $805,183,000 after buying an additional 62,275 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Whirlpool by 4.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,456 shares of the company’s stock worth $1,865,000 after buying an additional 706 shares during the period. Virtu Financial LLC boosted its holdings in shares of Whirlpool by 115.3% during the 4th quarter. Virtu Financial LLC now owns 6,492 shares of the company’s stock worth $694,000 after buying an additional 3,476 shares during the period. Beacon Financial Group bought a new stake in shares of Whirlpool during the 4th quarter worth about $423,000. Finally, Oakbrook Investments LLC boosted its holdings in shares of Whirlpool by 68.0% during the 4th quarter. Oakbrook Investments LLC now owns 6,295 shares of the company’s stock worth $673,000 after buying an additional 2,548 shares during the period. 94.82% of the stock is currently owned by institutional investors.

WHR traded up $1.01 on Wednesday, hitting $130.09. The company had a trading volume of 8,250 shares, compared to its average volume of 899,133. Whirlpool Co. has a 12-month low of $99.40 and a 12-month high of $167.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.83 and a quick ratio of 0.53. The firm has a market capitalization of $8.15 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 1.62 and a beta of 1.61.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, April 22nd. The company reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.07. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Whirlpool Co. will post 14.7 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s payout ratio is 30.34%.

Several analysts recently commented on WHR shares. Zacks Investment Research downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Buckingham Research assumed coverage on Whirlpool in a research report on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 target price for the company. Raymond James downgraded Whirlpool from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Royal Bank of Canada downgraded Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 target price for the company. in a research report on Wednesday, January 30th. Finally, ValuEngine upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $143.20.

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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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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