Northern Trust Corp Acquires 106,259 Shares of Whirlpool Co. (NYSE:WHR)

Northern Trust Corp grew its position in shares of Whirlpool Co. (NYSE:WHR) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 512,732 shares of the company’s stock after purchasing an additional 106,259 shares during the quarter. Northern Trust Corp’s holdings in Whirlpool were worth $58,698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Whirlpool by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,536,118 shares of the company’s stock valued at $633,775,000 after purchasing an additional 33,326 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Whirlpool by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company’s stock valued at $242,470,000 after buying an additional 98,444 shares during the last quarter. FMR LLC raised its holdings in shares of Whirlpool by 57.3% in the 4th quarter. FMR LLC now owns 1,808,744 shares of the company’s stock worth $207,065,000 after acquiring an additional 659,014 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Whirlpool by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,373,215 shares of the company’s stock valued at $157,205,000 after acquiring an additional 224,990 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Whirlpool by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 937,637 shares of the company’s stock valued at $107,374,000 after purchasing an additional 34,471 shares during the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Down 0.4 %

Shares of NYSE WHR opened at $76.79 on Wednesday. The business has a 50-day simple moving average of $85.99 and a two-hundred day simple moving average of $103.45. Whirlpool Co. has a 52 week low of $73.72 and a 52 week high of $135.49. The company has a market cap of $4.27 billion, a P/E ratio of -13.10 and a beta of 1.20. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.67 by $0.03. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company earned $1.78 earnings per share. Whirlpool’s revenue for the quarter was down 19.4% on a year-over-year basis. Research analysts anticipate that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 9.12%. Whirlpool’s payout ratio is presently 5,000.00%.

Wall Street Analyst Weigh In

WHR has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, StockNews.com cut Whirlpool from a “hold” rating to a “sell” rating in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $101.00.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.