Estabrook Capital Management grew its stake in shares of Whirlpool Corporation (NYSE:WHR) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,784 shares of the company’s stock after purchasing an additional 29 shares during the period. Estabrook Capital Management’s holdings in Whirlpool Corporation were worth $3,408,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LLBH Private Wealth Management LLC grew its position in Whirlpool Corporation by 0.4% during the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after buying an additional 5 shares during the period. Savant Capital LLC grew its position in Whirlpool Corporation by 0.3% during the second quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock valued at $534,000 after buying an additional 9 shares during the period. Bollard Group LLC boosted its position in shares of 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 purchasing an additional 12 shares during the period. CIBC Asset Management Inc boosted its position in shares of Whirlpool Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after purchasing an additional 21 shares during the period. Finally, Orrstown Financial Services Inc. boosted its position in shares of Whirlpool Corporation by 0.5% in the second quarter. Orrstown Financial Services Inc. now owns 4,580 shares of the company’s stock worth $878,000 after purchasing an additional 24 shares during the period. 91.53% of the stock is owned by institutional investors.
Several equities analysts have recently commented on WHR shares. Royal Bank Of Canada reissued a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a report on Friday, June 2nd. Credit Suisse Group assumed coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. BidaskClub downgraded shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. 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, ValuEngine cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of Whirlpool Corporation stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.69% of the company’s stock.
Whirlpool Corporation (NYSE:WHR) traded down 2.3497% during trading on Friday, reaching $171.0149. 363,170 shares of the company’s stock were exchanged. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The stock has a 50-day moving average of $172.97 and a 200-day moving average of $180.06. The stock has a market capitalization of $12.48 billion, a PE ratio of 17.1169 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.19). The firm 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%. Whirlpool Corporation’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. On average, equities research analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current year.
Whirlpool Corporation announced that its board has approved a share buyback program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
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 given a dividend of $1.10 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 2.51%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
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Whirlpool Corporation 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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