Paragon Capital Management Ltd bought a new position in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,289 shares of the company’s stock, valued at approximately $247,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PGGM Investments increased its position in Whirlpool Corporation by 283.7% in the second quarter. PGGM Investments now owns 187,319 shares of the company’s stock worth $35,894,000 after buying an additional 138,502 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Whirlpool Corporation during the second quarter worth $2,776,000. Trinity Street Asset Management LLP increased its position in Whirlpool Corporation by 4.7% in the second quarter. Trinity Street Asset Management LLP now owns 235,721 shares of the company’s stock worth $45,168,000 after buying an additional 10,667 shares in the last quarter. BB&T Corp increased its position in Whirlpool Corporation by 1.6% in the second quarter. BB&T Corp now owns 6,467 shares of the company’s stock worth $1,239,000 after buying an additional 100 shares in the last quarter. Finally, Bollard Group LLC increased its position in Whirlpool Corporation by 0.6% in the second quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after buying an additional 12 shares in the last quarter. 94.26% of the stock is currently owned by institutional investors.
Shares of Whirlpool Corporation (NYSE WHR) opened at 174.11 on Thursday. The stock has a market cap of $12.71 billion, a PE ratio of 17.43 and a beta of 1.79. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The company’s 50 day moving average price is $185.00 and its 200 day moving average price is $180.80.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. On average, analysts anticipate that Whirlpool Corporation will post $14.64 earnings per share for the current year.
Whirlpool Corporation announced that its board has approved a stock buyback program on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to repurchase up to 16.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 2.53%. Whirlpool Corporation’s payout ratio is 44.04%.
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WHR has been the topic of several recent research reports. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Credit Suisse Group initiated coverage on Whirlpool Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $216.00 price objective (down previously from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of Whirlpool Corporation stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.69% of the company’s stock.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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