Summit Securities Group LLC lifted its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 96.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the company's stock after acquiring an additional 3,100 shares during the quarter. Summit Securities Group LLC's holdings in Whirlpool were worth $721,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Savant Capital LLC raised its stake in shares of Whirlpool by 3.8% during the fourth quarter. Savant Capital LLC now owns 2,406 shares of the company's stock valued at $275,000 after acquiring an additional 89 shares during the last quarter. Allworth Financial LP raised its position in Whirlpool by 17.3% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $76,000 after purchasing an additional 98 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Whirlpool by 4.5% during the 3rd quarter. Westside Investment Management Inc. now owns 2,345 shares of the company's stock worth $251,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Whirlpool by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company's stock valued at $1,752,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Whirlpool by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 13,100 shares of the company's stock valued at $1,500,000 after buying an additional 100 shares during the period. Institutional investors own 90.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on WHR shares. The Goldman Sachs Group lifted their price objective 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 upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $106.00.
View Our Latest Report on WHR
Whirlpool Trading Down 2.0 %
Shares of Whirlpool stock traded down $1.80 on Thursday, hitting $88.98. 1,439,459 shares of the company's stock traded hands, compared to its average volume of 1,062,468. The company has a fifty day moving average of $101.21 and a two-hundred day moving average of $107.95. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.49. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -15.18 and a beta of 1.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44.
Whirlpool (NYSE:WHR - Get Free Report) last posted 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 positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter in the previous year, the business posted $3.85 EPS. As a group, sell-side analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current year.
Whirlpool Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Friday, February 28th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 7.87%. The ex-dividend date was Friday, February 28th. Whirlpool's dividend payout ratio (DPR) is currently -119.45%.
Whirlpool Profile
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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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