Whirlpool Corp. (WHR) Shares Sold by Trinity Street Asset Management LLP
Trinity Street Asset Management LLP decreased its position in shares of Whirlpool Corp. (NYSE:WHR) by 25.7% during the second quarter, Holdings Channel reports. The institutional investor owned 262,647 shares of the company’s stock after selling 91,073 shares during the period. Whirlpool Corp. comprises about 10.2% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 2nd largest position. Trinity Street Asset Management LLP’s holdings in Whirlpool Corp. were worth $43,767,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares in the last quarter. Barnett & Company Inc. purchased a new stake in Whirlpool Corp. during the first quarter valued at $126,000. Winslow Evans & Crocker Inc. increased its stake in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock valued at $117,000 after buying an additional 76 shares during the last quarter. First Manhattan Co. increased its stake in Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock valued at $134,000 after buying an additional 360 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Whirlpool Corp. during the first quarter valued at $182,000. 89.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.86% during trading on Tuesday, reaching $160.44. 751,967 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $179.25 and a 200 day moving average price of $176.90. The company has a market capitalization of $12.10 billion, a P/E ratio of 14.22 and a beta of 1.71. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10.
Whirlpool Corp. (NYSE:WHR) last announced its quarterly earnings data on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.13. The business earned $5.21 billion during the quarter, compared to analysts’ expectations of $5.13 billion. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. Equities analysts expect that Whirlpool Corp. will post $14.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s payout ratio is presently 35.40%.
Several analysts recently weighed in on the company. Bank of America Corp. restated a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. MKM Partners lifted their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 25th. Zacks Investment Research upgraded Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price objective for the company in a report on Wednesday, June 29th. Raymond James Financial Inc. upgraded Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a report on Monday, July 25th. Finally, Gabelli downgraded Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $198.50.
In other news, insider David T. Szczupak sold 10,307 shares of Whirlpool Corp. stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now owns 4,807 shares in the company, valued at approximately $871,653.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jeff M. Fettig sold 91,000 shares of Whirlpool Corp. stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $189.42, for a total value of $17,237,220.00. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.
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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