Assenagon Asset Management S.A. Invests $1.91 Million in Whirlpool Co. (NYSE:WHR)

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Assenagon Asset Management S.A. purchased a new position in shares of Whirlpool Co. (NYSE:WHR) during the third quarter, HoldingsChannel reports. The fund purchased 12,033 shares of the company’s stock, valued at approximately $1,906,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WHR. LLBH Private Wealth Management LLC bought a new position in shares of Whirlpool during the second quarter worth $177,000. Vanguard Group Inc. boosted its position in shares of Whirlpool by 7.4% during the second quarter. Vanguard Group Inc. now owns 7,768,601 shares of the company’s stock worth $1,105,937,000 after purchasing an additional 536,865 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Whirlpool by 220.3% during the second quarter. Nuveen Asset Management LLC now owns 384,826 shares of the company’s stock worth $54,784,000 after purchasing an additional 264,694 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Whirlpool by 712.5% during the second quarter. Marshall Wace LLP now owns 269,711 shares of the company’s stock worth $38,396,000 after purchasing an additional 236,514 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Whirlpool by 74.6% during the first quarter. FMR LLC now owns 537,349 shares of the company’s stock worth $71,408,000 after purchasing an additional 229,637 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.

Shares of NYSE:WHR opened at $161.06 on Friday. Whirlpool Co. has a 12 month low of $99.40 and a 12 month high of $161.87. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 1.31. The company’s fifty day simple moving average is $150.80 and its 200 day simple moving average is $140.32. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.00 and a beta of 1.83.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, July 22nd. The company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.21. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the business posted $3.20 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts expect that Whirlpool Co. will post 15.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, November 14th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.98%. Whirlpool’s payout ratio is 31.66%.

In other Whirlpool news, CFO James W. Peters sold 650 shares of Whirlpool stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.51, for a total value of $95,231.50. Following the sale, the chief financial officer now directly owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

WHR has been the topic of a number of research analyst reports. Buckingham Research set a $150.00 price objective on shares of Whirlpool and gave the stock a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded shares of Whirlpool from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $155.00 to $172.00 in a report on Thursday, September 26th. Zacks Investment Research upgraded shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Thursday, August 22nd. TheStreet upgraded shares of Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. Finally, ValuEngine lowered shares of Whirlpool from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Whirlpool presently has a consensus rating of “Hold” and an average target price of $151.10.

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.

Read More: What are convertible shares? 

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)

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