Oppenheimer Asset Management Inc. raised its stake in Whirlpool Co. (NYSE:WHR) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,465 shares of the company’s stock after acquiring an additional 261 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Whirlpool were worth $328,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc increased its holdings in shares of Whirlpool by 0.9% during the third quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock worth $805,183,000 after purchasing an additional 62,275 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Whirlpool by 9,212.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock worth $31,000 after purchasing an additional 3,268,195 shares during the period. American International Group Inc. increased its holdings in shares of Whirlpool by 8,342.6% during the fourth quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock worth $333,393,000 after purchasing an additional 3,082,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Whirlpool by 0.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,002,664 shares of the company’s stock worth $214,024,000 after purchasing an additional 11,260 shares during the period. Finally, Newport Trust Co increased its holdings in shares of Whirlpool by 1.6% during the fourth quarter. Newport Trust Co now owns 1,448,167 shares of the company’s stock worth $154,766,000 after purchasing an additional 23,148 shares during the period. 94.52% of the stock is currently owned by hedge funds and other institutional investors.
NYSE WHR opened at $136.98 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The company has a market cap of $8.72 billion, a P/E ratio of 9.04, a PEG ratio of 1.81 and a beta of 1.61. Whirlpool Co. has a 1 year low of $99.40 and a 1 year high of $167.54.
Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, April 22nd. The company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.04 by $0.07. The business had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.83 billion. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. Equities analysts expect that Whirlpool Co. will post 14.7 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be given a dividend of $1.20 per share. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. The ex-dividend date is Thursday, May 16th. This represents a $4.80 annualized dividend and a dividend yield of 3.50%. Whirlpool’s dividend payout ratio (DPR) is currently 30.34%.
Several research analysts have recently commented on the stock. ValuEngine raised shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research cut shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Royal Bank of Canada cut shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 target price on the stock. in a report on Wednesday, January 30th. Raymond James cut shares of Whirlpool from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Finally, Buckingham Research started coverage on shares of Whirlpool in a research report on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $144.08.
Whirlpool Company 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.
Further Reading: Quick Ratio
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