1,951 Shares in Whirlpool Corporation (WHR) Purchased by Somerset Group LLC
Somerset Group LLC acquired a new stake in shares of Whirlpool Corporation (NYSE:WHR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,951 shares of the company’s stock, valued at approximately $360,000.
Other large investors have also made changes to their positions in the company. PGGM Investments grew its position in shares of Whirlpool by 0.6% during the 3rd quarter. PGGM Investments now owns 188,413 shares of the company’s stock valued at $34,751,000 after buying an additional 1,094 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Whirlpool by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after purchasing an additional 1,038 shares during the period. Homrich & Berg boosted its stake in Whirlpool by 16.6% during the 2nd quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after purchasing an additional 446 shares during the period. BT Investment Management Ltd acquired a new position in Whirlpool during the 2nd quarter valued at about $2,065,000. Finally, Greenhaven Associates Inc. boosted its stake in Whirlpool by 0.6% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after purchasing an additional 17,280 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on WHR shares. BidaskClub lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. MKM Partners set a $177.00 target price on shares of Whirlpool and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $209.00 target price on shares of Whirlpool in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Whirlpool has a consensus rating of “Hold” and a consensus target price of $184.67.
Shares of Whirlpool Corporation (WHR) traded up $1.24 during trading hours on Friday, hitting $167.82. 336,316 shares of the stock were exchanged, compared to its average volume of 1,170,000. The firm has a market cap of $12,060.00, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.69 and a beta of 1.87. Whirlpool Corporation has a 12 month low of $158.80 and a 12 month high of $202.99. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.66 earnings per share. equities analysts forecast that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s dividend payout ratio is currently 41.51%.
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Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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