State of Tennessee Treasury Department Sells 114 Shares of Whirlpool Corporation (WHR)

State of Tennessee Treasury Department decreased its position in Whirlpool Corporation (NYSE:WHR) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,232 shares of the company’s stock after selling 114 shares during the quarter. State of Tennessee Treasury Department owned about 0.06% of Whirlpool Corporation worth $8,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Delta Lloyd Asset Management N.V. acquired a new position in Whirlpool Corporation in the 2nd quarter valued at about $1,453,000. Swiss National Bank raised its stake in Whirlpool Corporation by 2.1% in the 2nd quarter. Swiss National Bank now owns 271,865 shares of the company’s stock valued at $52,095,000 after purchasing an additional 5,700 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Whirlpool Corporation by 66.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,468 shares of the company’s stock valued at $473,000 after purchasing an additional 983 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in Whirlpool Corporation in the 2nd quarter valued at about $230,000. Finally, Homrich & Berg raised its stake in Whirlpool Corporation by 16.6% in the 2nd quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after purchasing an additional 446 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Corporation (WHR) opened at 175.12 on Friday. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The firm has a market cap of $12.78 billion, a P/E ratio of 17.53 and a beta of 1.77. The stock’s 50 day moving average is $172.97 and its 200-day moving average is $180.06.

Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the firm posted $3.50 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current year.

Whirlpool Corporation declared that its Board of Directors has initiated a stock buyback plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $4.40 annualized dividend and a yield of 2.51%. Whirlpool Corporation’s payout ratio is 44.04%.

In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.69% of the company’s stock.

Several research analysts recently weighed in on WHR shares. BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price for the company. ValuEngine downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $194.71.

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About Whirlpool Corporation

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.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

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