Bank of New York Mellon Corp Has $72.92 Million Holdings in Whirlpool Co. (NYSE:WHR)

Bank of New York Mellon Corp increased its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 54.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 636,937 shares of the company's stock after acquiring an additional 223,232 shares during the quarter. Bank of New York Mellon Corp owned about 1.16% of Whirlpool worth $72,917,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Savant Capital LLC increased its holdings in shares of Whirlpool by 3.8% during the 4th quarter. Savant Capital LLC now owns 2,406 shares of the company's stock worth $275,000 after purchasing an additional 89 shares during the period. Allworth Financial LP increased its stake in Whirlpool by 17.3% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $76,000 after acquiring an additional 98 shares during the period. Westside Investment Management Inc. raised its holdings in Whirlpool by 4.5% in the 3rd quarter. Westside Investment Management Inc. now owns 2,345 shares of the company's stock valued at $251,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in 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 acquiring an additional 100 shares in the last quarter. Finally, Advisory Alpha LLC lifted its position in shares of Whirlpool by 4.8% in the 4th quarter. Advisory Alpha LLC now owns 2,215 shares of the company's stock worth $254,000 after acquiring an additional 102 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

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

Whirlpool Price Performance

Shares of WHR traded up $0.51 during mid-day trading on Friday, reaching $94.41. The company had a trading volume of 433,028 shares, compared to its average volume of 1,087,950. The company's 50-day moving average is $111.83 and its 200-day moving average is $108.70. 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 company has a market capitalization of $5.23 billion, a P/E ratio of -16.12 and a beta of 1.43. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share 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 quarter in the previous year, the business earned $3.85 EPS. On average, equities analysts anticipate that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Friday, February 28th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 7.41%. The ex-dividend date of this dividend is Friday, February 28th. Whirlpool's payout ratio is presently -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.