Redmond Asset Management LLC raised its stake in shares of Whirlpool Corporation (NYSE:WHR) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,241 shares of the company’s stock after acquiring an additional 915 shares during the period. Whirlpool Corporation makes up 1.5% of Redmond Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Redmond Asset Management LLC’s holdings in Whirlpool Corporation were worth $3,364,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of WHR. Capstone Asset Management Co. raised its stake in Whirlpool Corporation by 3.6% during the 2nd quarter. Capstone Asset Management Co. now owns 9,494 shares of the company’s stock valued at $1,819,000 after acquiring an additional 330 shares during the last quarter. State of Alaska Department of Revenue increased its position in Whirlpool Corporation by 9.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,256 shares of the company’s stock worth $240,000 after purchasing an additional 110 shares during the period. National Pension Service increased its position in Whirlpool Corporation by 9.9% during the 2nd quarter. National Pension Service now owns 80,822 shares of the company’s stock worth $15,198,000 after purchasing an additional 7,274 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Whirlpool Corporation by 504.4% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 12,107 shares of the company’s stock worth $2,320,000 after purchasing an additional 10,104 shares during the period. Finally, OLD National Bancorp IN acquired a new position in Whirlpool Corporation during the 2nd quarter worth approximately $210,000. 93.39% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corporation (WHR) traded down $0.69 on Monday, hitting $162.05. The company had a trading volume of 704,500 shares, compared to its average volume of 849,805. The firm has a market cap of $11,650.00, a PE ratio of 11.57, a P/E/G ratio of 1.57 and a beta of 1.87. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a 1-year low of $159.71 and a 1-year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.66 EPS. equities analysts expect that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is currently 41.51%.
Whirlpool Corporation announced that its Board of Directors has approved a share repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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Several equities analysts have issued reports on WHR shares. MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research cut Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $209.00 target price on shares of Whirlpool Corporation in a research report on Tuesday, October 10th. Bank of America Corporation cut Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a research report on Tuesday, October 24th. Finally, ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Whirlpool Corporation currently has a consensus rating of “Hold” and a consensus target price of $184.67.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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