F M Investments LLC Increases Stake in Whirlpool Co. (NYSE:WHR)

F M Investments LLC lifted its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,926 shares of the company's stock after purchasing an additional 4,697 shares during the period. F M Investments LLC's holdings in Whirlpool were worth $1,815,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WHR. FMR LLC boosted its stake in Whirlpool by 57.3% during the fourth quarter. FMR LLC now owns 1,808,744 shares of the company's stock worth $207,065,000 after buying an additional 659,014 shares during the last quarter. Norges Bank acquired a new position in shares of Whirlpool during the 4th quarter valued at about $73,468,000. Raymond James Financial Inc. purchased a new stake in shares of Whirlpool in the fourth quarter valued at about $34,719,000. Bank of New York Mellon Corp increased its position in Whirlpool by 54.0% during the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company's stock worth $72,917,000 after purchasing an additional 223,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Whirlpool by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock worth $242,470,000 after purchasing an additional 98,444 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on WHR shares. The Goldman Sachs Group raised their target price on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. StockNews.com raised shares of Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $106.00.

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Whirlpool Trading Down 1.1 %

Shares of NYSE WHR traded down $0.90 during trading on Tuesday, reaching $79.33. The stock had a trading volume of 1,050,886 shares, compared to its average volume of 1,066,063. The business's 50-day moving average price is $94.15 and its 200-day moving average price is $106.49. Whirlpool Co. has a fifty-two week low of $75.04 and a fifty-two week high of $135.49. The company has a market cap of $4.39 billion, a P/E ratio of -13.54 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same quarter last year, the firm earned $3.85 EPS. On average, equities research analysts predict that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be paid a $1.75 dividend. The ex-dividend date is Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 8.82%. Whirlpool's dividend payout ratio (DPR) is -119.45%.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.