Chesley Taft & Associates LLC reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 29.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,475 shares of the company’s stock after selling 1,425 shares during the period. Chesley Taft & Associates LLC’s holdings in Whirlpool were worth $586,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of WHR. Epoch Investment Partners Inc. bought a new stake in shares of Whirlpool during the 3rd quarter worth $75,398,000. Harris Associates L P lifted its stake in Whirlpool by 12.5% in the second quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after purchasing an additional 241,659 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Whirlpool by 136.1% in the second quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after purchasing an additional 233,661 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Whirlpool by 72.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock worth $85,157,000 after purchasing an additional 194,739 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Whirlpool by 667.5% in the third quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock worth $30,555,000 after purchasing an additional 144,086 shares during the last quarter. 92.37% of the stock is owned by institutional investors.
WHR has been the subject of several recent research reports. Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price target for the company. in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. MKM Partners set a $177.00 price target on shares of Whirlpool and gave the stock a “hold” rating in a research note on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating and issued a $209.00 price target on shares of Whirlpool in a research note on Tuesday, October 10th. Finally, ValuEngine raised shares of Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Whirlpool presently has an average rating of “Hold” and a consensus target price of $183.60.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $3.66 earnings per share. equities analysts anticipate that Whirlpool Co. will post 13.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Thursday, November 16th. Whirlpool’s dividend payout ratio (DPR) is 41.51%.
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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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