Fox Run Management L.L.C. Makes New $408,000 Investment in Whirlpool Co. (NYSE:WHR)

Fox Run Management L.L.C. purchased a new stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,562 shares of the company's stock, valued at approximately $408,000.

A number of other hedge funds also recently added to or reduced their stakes in WHR. Charles Schwab Investment Management Inc. grew its stake in shares of Whirlpool by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock valued at $242,470,000 after purchasing an additional 98,444 shares during the period. State Street Corp grew its position in shares of Whirlpool by 1.0% during the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company's stock valued at $176,591,000 after acquiring an additional 15,752 shares during the period. HighTower Advisors LLC increased its stake in shares of Whirlpool by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company's stock worth $110,567,000 after purchasing an additional 18,936 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Whirlpool by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 903,166 shares of the company's stock worth $96,664,000 after purchasing an additional 11,766 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Whirlpool by 54.0% in the 4th 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 period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

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Whirlpool Price Performance

Shares of Whirlpool stock traded down $3.42 on Friday, hitting $89.58. 1,053,469 shares of the company traded hands, compared to its average volume of 1,043,433. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $135.49. The business has a 50-day simple moving average of $103.65 and a 200 day simple moving average of $108.15. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The stock has a market capitalization of $4.96 billion, a P/E ratio of -15.29 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $3.85 EPS. Research analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 annualized dividend and a dividend yield of 7.81%. Whirlpool's dividend payout ratio (DPR) is -119.45%.

Wall Street Analyst Weigh In

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

About Whirlpool

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.