Thompson Siegel & Walmsley LLC continued to hold its position in Whirlpool Corporation (NYSE:WHR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,150 shares of the company’s stock at the close of the second quarter. Thompson Siegel & Walmsley LLC’s holdings in Whirlpool Corporation were worth $795,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in WHR. Dupont Capital Management Corp purchased a new position in Whirlpool Corporation in the 2nd quarter valued at about $100,000. Global X Management Co. LLC increased its stake in shares of Whirlpool Corporation by 33.1% during the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after acquiring an additional 246 shares during the last quarter. LLBH Private Wealth Management LLC increased its stake in shares of Whirlpool Corporation by 0.4% during the 1st quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after acquiring an additional 5 shares during the last quarter. IBM Retirement Fund acquired a new position in shares of Whirlpool Corporation during the 2nd quarter valued at about $205,000. Finally, Scout Investments Inc. acquired a new position in shares of Whirlpool Corporation during the 1st quarter valued at about $206,000. Institutional investors own 91.53% of the company’s stock.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.69% of the stock is currently owned by company insiders.
Shares of Whirlpool Corporation (NYSE WHR) opened at 175.12 on Friday. The firm has a market cap of $12.78 billion, a P/E ratio of 17.53 and a beta of 1.77. The company’s 50-day moving average is $172.97 and its 200-day moving average is $180.06. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the previous year, the business posted $3.50 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities research analysts forecast that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is 44.04%.
Whirlpool Corporation declared that its Board of Directors has approved a stock buyback program on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 16.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
WHR has been the subject of a number of research analyst reports. 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. BidaskClub downgraded shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $194.71.
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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