Hammer Asset Management LLC cut its stake in shares of Whirlpool Co. (NYSE:WHR) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,588 shares of the company’s stock after selling 142 shares during the period. Hammer Asset Management LLC’s holdings in Whirlpool were worth $1,934,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new stake in shares of Whirlpool during the 2nd quarter worth $1,819,000. Investment House LLC raised its stake in Whirlpool by 0.6% during the 2nd quarter. Investment House LLC now owns 16,515 shares of the company’s stock valued at $2,351,000 after purchasing an additional 101 shares during the last quarter. Greatmark Investment Partners Inc. raised its stake in Whirlpool by 4.1% during the 2nd quarter. Greatmark Investment Partners Inc. now owns 12,847 shares of the company’s stock valued at $1,829,000 after purchasing an additional 502 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Whirlpool by 59.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 9,529 shares of the company’s stock valued at $1,356,000 after purchasing an additional 3,536 shares during the last quarter. Finally, Cpwm LLC raised its stake in Whirlpool by 37.4% during the 2nd quarter. Cpwm LLC now owns 5,363 shares of the company’s stock valued at $763,000 after purchasing an additional 1,459 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WHR stock traded down $0.07 during mid-day trading on Thursday, reaching $140.09. The company’s stock had a trading volume of 14,592 shares, compared to its average volume of 818,582. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $152.50. The company has a market cap of $8.60 billion, a P/E ratio of 9.25, a PEG ratio of 1.65 and a beta of 1.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.84. The firm’s 50-day moving average is $141.91 and its two-hundred day moving average is $136.89.
Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the prior year, the company posted $3.20 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Whirlpool Co. will post 15.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Thursday, August 29th. Whirlpool’s dividend payout ratio is 31.66%.
In other news, CFO James W. Peters sold 650 shares of the 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 completion of the transaction, the chief financial officer now owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.91% of the company’s stock.
Several research firms recently commented on WHR. ValuEngine cut shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Buckingham Research upped their target price on shares of Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, July 17th. Longbow Research set a $178.00 target price on shares of Whirlpool and gave the company a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Finally, TheStreet upgraded shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Whirlpool has an average rating of “Hold” and a consensus price target of $140.09.
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.
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