MHI Funds LLC reduced its position in shares of Whirlpool Co. (NYSE:WHR) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,439 shares of the company’s stock after selling 269 shares during the quarter. Whirlpool accounts for approximately 3.2% of MHI Funds LLC’s holdings, making the stock its 5th biggest position. MHI Funds LLC’s holdings in Whirlpool were worth $2,762,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC grew its stake in shares of Whirlpool by 248.1% during the 2nd quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after purchasing an additional 134 shares during the period. Pearl River Capital LLC bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $29,000. Doyle Wealth Management bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $35,000. Trustcore Financial Services LLC grew its stake in shares of Whirlpool by 45.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock valued at $38,000 after purchasing an additional 83 shares during the period. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of Whirlpool during the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
A number of equities research analysts have issued reports on WHR shares. Gabelli restated a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. Buckingham Research set a $150.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, September 17th. TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Longbow Research set a $178.00 price target on Whirlpool and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, ValuEngine downgraded Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $149.51.
Shares of NYSE:WHR traded up $0.06 during mid-day trading on Thursday, reaching $159.60. 11,070 shares of the company traded hands, compared to its average volume of 653,556. The company’s 50 day moving average price is $149.83 and its 200-day moving average price is $140.04. The firm has a market cap of $10.20 billion, a PE ratio of 10.48, a PEG ratio of 1.98 and a beta of 1.83. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.54. Whirlpool Co. has a 52 week low of $99.40 and a 52 week high of $161.00.
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 the Zacks’ consensus estimate of $3.80 by $0.21. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 EPS. On average, research analysts predict that Whirlpool Co. will post 15.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.01%. Whirlpool’s dividend payout ratio (DPR) is presently 31.66%.
In related news, CFO James W. Peters sold 650 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the completion of the transaction, the chief financial officer now directly 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 hyperlink. Insiders own 0.91% of the company’s stock.
Whirlpool Company Profile
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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