Redmond Asset Management LLC Has $3.36 Million Holdings in Whirlpool Corporation (WHR)

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.

TRADEMARK VIOLATION NOTICE: “Redmond Asset Management LLC Has $3.36 Million Holdings in Whirlpool Corporation (WHR)” was published by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/11/13/redmond-asset-management-llc-has-3-36-million-holdings-in-whirlpool-corporation-whr.html.

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.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

Receive News & Ratings for Whirlpool Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply