BlueCrest Capital Management Ltd Acquires New Stake in Whirlpool Co. (WHR)
BlueCrest Capital Management Ltd acquired a new position in Whirlpool Co. (NYSE:WHR) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,189 shares of the company’s stock, valued at approximately $369,000.
Several other institutional investors have also recently modified their holdings of WHR. Levin Capital Strategies L.P. acquired a new position in shares of Whirlpool in the fourth quarter worth about $111,112,000. Epoch Investment Partners Inc. acquired a new position in shares of Whirlpool during the 3rd quarter worth about $75,398,000. Bessemer Group Inc. raised its position in shares of Whirlpool by 62.0% during the 4th quarter. Bessemer Group Inc. now owns 653,097 shares of the company’s stock worth $110,138,000 after purchasing an additional 249,908 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Whirlpool by 72.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock worth $85,157,000 after purchasing an additional 194,739 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Whirlpool by 9.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,004,548 shares of the company’s stock worth $338,047,000 after purchasing an additional 177,404 shares during the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
Several research firms recently weighed in on WHR. KeyCorp restated an “equal weight” rating on shares of Whirlpool in a research report on Monday, January 29th. Royal Bank of Canada upped their price target on shares of Whirlpool to $200.00 and gave the stock an “in-line” rating in a research report on Monday, January 29th. Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research report on Friday, January 26th. UBS upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $189.40.
Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.09. Whirlpool had a net margin of 1.65% and a return on equity of 18.36%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the prior year, the company earned $4.33 EPS. Whirlpool’s revenue was up .8% compared to the same quarter last year. analysts forecast that Whirlpool Co. will post 15.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were paid a dividend of $1.10 per share. The ex-dividend date was Thursday, March 1st. This represents a $4.40 annualized dividend and a yield of 2.75%. Whirlpool’s dividend payout ratio is presently 96.49%.
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Whirlpool Company Profile
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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