LHM Inc. raised its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,600 shares of the company's stock after acquiring an additional 5,185 shares during the quarter. Whirlpool makes up 1.6% of LHM Inc.'s investment portfolio, making the stock its 17th biggest holding. LHM Inc. owned about 0.08% of Whirlpool worth $4,877,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Whirlpool by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock worth $242,470,000 after acquiring an additional 98,444 shares in the last quarter. State Street Corp increased its position in shares of Whirlpool by 1.0% during the third quarter. State Street Corp now owns 1,650,386 shares of the company's stock worth $176,591,000 after purchasing an additional 15,752 shares in the last quarter. HighTower Advisors LLC lifted its holdings 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 valued at $110,567,000 after purchasing an additional 18,936 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $96,664,000 after purchasing an additional 11,766 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Whirlpool by 54.0% during the 4th quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company's stock worth $72,917,000 after buying an additional 223,232 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.
Analyst Ratings Changes
WHR has been the subject of several research analyst reports. StockNews.com raised Whirlpool from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group increased their price target on shares of Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $106.00.
Get Our Latest Research Report on WHR
Whirlpool Stock Performance
Shares of NYSE:WHR traded down $0.19 during trading on Monday, reaching $94.68. The company had a trading volume of 753,747 shares, compared to its average volume of 1,089,663. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $135.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The stock's fifty day moving average price is $111.42 and its 200 day moving average price is $108.84. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of -16.16 and a beta of 1.44.
Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating 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 prior year, the business earned $3.85 EPS. As a group, equities research analysts predict that Whirlpool Co. will post 9.52 EPS for the current year.
Whirlpool Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Friday, February 28th will be paid a $1.75 dividend. The ex-dividend date is Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.39%. Whirlpool's dividend payout ratio (DPR) is presently -119.45%.
About Whirlpool
(
Free Report)
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.
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