Public Employees Retirement System of Ohio Trims Stake in Whirlpool Co. (NYSE:WHR)

Public Employees Retirement System of Ohio reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 5.6% in the second quarter, Holdings Channel reports. The institutional investor owned 21,192 shares of the company’s stock after selling 1,251 shares during the period. Public Employees Retirement System of Ohio’s holdings in Whirlpool were worth $3,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Hartline Investment Corp lifted its position in Whirlpool by 1.9% during the second quarter. Hartline Investment Corp now owns 4,053 shares of the company’s stock valued at $577,000 after purchasing an additional 74 shares during the last quarter. Huntington National Bank increased its stake in Whirlpool by 1.1% in the 2nd quarter. Huntington National Bank now owns 7,044 shares of the company’s stock worth $1,004,000 after buying an additional 77 shares during the period. Mason Street Advisors LLC increased its stake in Whirlpool by 0.9% in the 1st quarter. Mason Street Advisors LLC now owns 9,076 shares of the company’s stock worth $1,206,000 after buying an additional 80 shares during the period. Trustcore Financial Services LLC increased its stake in Whirlpool by 45.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock worth $38,000 after buying an additional 83 shares during the period. Finally, M&T Bank Corp increased its stake in Whirlpool by 1.5% in the 2nd quarter. M&T Bank Corp now owns 6,651 shares of the company’s stock worth $947,000 after buying an additional 99 shares during the period. 93.96% of the stock is owned by institutional investors and hedge funds.

NYSE WHR traded down $1.30 during trading on Monday, reaching $148.56. 8,486 shares of the company’s stock traded hands, compared to its average volume of 581,784. 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 firm has a market cap of $9.44 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 1.90 and a beta of 1.82. The company’s 50 day simple moving average is $139.62 and its two-hundred day simple moving average is $137.23. Whirlpool Co. has a 12-month low of $99.40 and a 12-month high of $153.22.

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

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, August 29th. Whirlpool’s dividend payout ratio (DPR) is 31.66%.

WHR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Thursday, August 22nd. TheStreet raised shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. ValuEngine raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, Longbow Research set a $178.00 price target on shares of Whirlpool and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $140.95.

In other Whirlpool news, CFO James W. Peters sold 650 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.51, for a total transaction of $95,231.50. Following the transaction, the chief financial officer now owns 18,569 shares of the company’s stock, valued at approximately $2,720,544.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

About Whirlpool

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.

See Also: Exchange-Traded Funds (ETFs)

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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