Taylor Asset Management Inc. Sells 27,255 Shares of Whirlpool Co. (WHR)

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Taylor Asset Management Inc. reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 16.2% in the 1st quarter, HoldingsChannel reports. The fund owned 140,909 shares of the company’s stock after selling 27,255 shares during the quarter. Whirlpool accounts for approximately 12.2% of Taylor Asset Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Taylor Asset Management Inc.’s holdings in Whirlpool were worth $18,726,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in WHR. Vanguard Group Inc boosted its stake in shares of Whirlpool by 0.9% in the third quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock worth $805,183,000 after acquiring an additional 62,275 shares during the last quarter. Strs Ohio lifted its stake in shares of Whirlpool by 8.4% in the 4th quarter. Strs Ohio now owns 6,981 shares of the company’s stock valued at $746,000 after purchasing an additional 542 shares during the last quarter. Monte Financial Group LLC lifted its stake in shares of Whirlpool by 79.8% in the 4th quarter. Monte Financial Group LLC now owns 20,701 shares of the company’s stock valued at $2,212,000 after purchasing an additional 9,187 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of Whirlpool by 25.7% in the 4th quarter. Hanson & Doremus Investment Management now owns 11,261 shares of the company’s stock valued at $1,203,000 after purchasing an additional 2,305 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Whirlpool by 4.9% in the 4th quarter. KBC Group NV now owns 246,073 shares of the company’s stock valued at $26,298,000 after purchasing an additional 11,408 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.

Shares of WHR stock traded down $4.91 on Friday, hitting $114.88. The stock had a trading volume of 884,367 shares, compared to its average volume of 662,702. 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 capitalization of $7.59 billion, a PE ratio of 7.58, a P/E/G ratio of 1.53 and a beta of 1.61. Whirlpool Co. has a 1 year low of $99.40 and a 1 year high of $156.75.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, April 22nd. The company reported $3.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $4.83 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 EPS. Research analysts predict that Whirlpool Co. will post 14.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, May 16th. This is an increase from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s payout ratio is currently 31.66%.

Several equities analysts have recently commented on WHR shares. ValuEngine lowered Whirlpool from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a research note on Monday, March 18th. Finally, Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Friday, May 10th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Whirlpool presently has an average rating of “Hold” and a consensus target price of $143.20.

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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: No Load Funds

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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