Tiverton Asset Management LLC Purchases New Position in Whirlpool Co. (NYSE:WHR)

Tiverton Asset Management LLC acquired a new stake in Whirlpool Co. (NYSE:WHR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,171 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WHR. LSV Asset Management lifted its holdings in shares of Whirlpool by 2.7% in the 2nd quarter. LSV Asset Management now owns 2,400,798 shares of the company’s stock valued at $341,777,000 after purchasing an additional 63,810 shares during the last quarter. LLBH Private Wealth Management LLC acquired a new stake in Whirlpool during the 2nd quarter worth $177,000. Geode Capital Management LLC grew its position in Whirlpool by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 857,618 shares of the company’s stock worth $91,496,000 after purchasing an additional 57,356 shares during the last quarter. Northern Trust Corp grew its position in Whirlpool by 0.3% during the 1st quarter. Northern Trust Corp now owns 748,090 shares of the company’s stock worth $99,414,000 after purchasing an additional 2,581 shares during the last quarter. Finally, FMR LLC increased its stake in Whirlpool by 74.6% in the first quarter. FMR LLC now owns 537,349 shares of the company’s stock valued at $71,408,000 after purchasing an additional 229,637 shares during the period. Institutional investors own 94.47% of the company’s stock.

Shares of WHR stock traded up $2.25 during mid-day trading on Wednesday, hitting $152.87. The stock had a trading volume of 24,455 shares, compared to its average volume of 550,742. Whirlpool Co. has a fifty-two week low of $99.40 and a fifty-two week high of $152.50. The firm has a market cap of $9.39 billion, a PE ratio of 10.07, a PEG ratio of 1.86 and a beta of 1.82. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.54. The company’s 50-day simple moving average is $139.28 and its 200-day simple moving average is $137.17.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.21. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.20 earnings per share. On average, analysts expect that Whirlpool Co. will post 15.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, August 29th. Whirlpool’s payout ratio is 31.66%.

In other news, CFO James W. Peters sold 650 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the completion of the transaction, the chief financial officer now directly owns 18,569 shares of the company’s stock, valued at approximately $2,720,544.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

A number of equities research analysts have recently commented on WHR shares. TheStreet raised shares of Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. Zacks Investment Research raised Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Thursday, August 22nd. Buckingham Research boosted their price target on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Longbow Research set a $178.00 price objective on Whirlpool and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, ValuEngine raised Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $140.95.

Whirlpool 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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