Taylor Asset Management Inc. Has $500,000 Stake in Whirlpool Corp. (WHR)
Taylor Asset Management Inc. maintained its position in Whirlpool Corp. (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the company’s stock at the end of the second quarter. Whirlpool Corp. accounts for about 0.1% of Taylor Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Taylor Asset Management Inc.’s holdings in Whirlpool Corp. were worth $500,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Compton Capital Management Inc. RI purchased a new position in Whirlpool Corp. during the first quarter worth approximately $214,000. Mn Services Vermogensbeheer B.V. purchased a new position in Whirlpool Corp. during the first quarter worth approximately $307,000. Aperio Group LLC raised its position in Whirlpool Corp. by 31.2% in the first quarter. Aperio Group LLC now owns 36,561 shares of the company’s stock worth $6,593,000 after buying an additional 8,686 shares in the last quarter. Commonwealth Equity Services Inc raised its position in Whirlpool Corp. by 35.0% in the first quarter. Commonwealth Equity Services Inc now owns 6,469 shares of the company’s stock worth $1,167,000 after buying an additional 1,678 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in Whirlpool Corp. by 822.4% in the first quarter. Glenmede Trust Co. NA now owns 1,771 shares of the company’s stock worth $318,000 after buying an additional 1,579 shares in the last quarter. 89.73% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corp. (NYSE:WHR) traded down 0.57% on Monday, hitting $161.83. 949,132 shares of the stock were exchanged. The company has a 50 day moving average of $180.15 and a 200 day moving average of $176.91. The stock has a market capitalization of $12.21 billion, a P/E ratio of 14.34 and a beta of 1.71. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Friday, July 22nd. The company reported $3.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The business earned $5.21 billion during the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter in the prior year, the company posted $2.70 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s payout ratio is 35.40%.
A number of equities analysts recently commented on the stock. MKM Partners raised their price objective on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. raised shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research note on Monday, July 25th. Bank of America Corp. reissued a “buy” rating and set a $230.00 target price on shares of Whirlpool Corp. in a research note on Wednesday, June 8th. Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Finally, Zacks Investment Research raised shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research note on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $198.50.
In related news, Chairman Jeff M. Fettig sold 91,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $189.42, for a total transaction of $17,237,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David T. Szczupak sold 10,307 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the transaction, the insider now owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The disclosure for this sale can be found here. Corporate insiders own 2.62% of the company’s stock.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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