Gotham Asset Management LLC Acquires 1,686 Shares of Whirlpool Corporation (WHR)
Gotham Asset Management LLC boosted its holdings in Whirlpool Corporation (NYSE:WHR) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,013 shares of the company’s stock after acquiring an additional 1,686 shares during the period. Gotham Asset Management LLC owned about 0.11% of Whirlpool Corporation worth $15,524,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of Whirlpool Corporation by 0.9% in the second 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 increased its stake in shares of Whirlpool Corporation by 16.6% during the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after acquiring an additional 446 shares during the period. BT Investment Management Ltd acquired a new position in shares of Whirlpool Corporation during the second quarter valued at approximately $2,065,000. Greenhaven Associates Inc. increased its stake in shares of Whirlpool Corporation by 0.6% during the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after acquiring an additional 17,280 shares during the period. Finally, Swiss National Bank increased its stake in shares of Whirlpool Corporation by 2.1% during the second quarter. Swiss National Bank now owns 271,865 shares of the company’s stock valued at $52,095,000 after acquiring an additional 5,700 shares during the period. 91.47% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on WHR. Royal Bank Of Canada restated a “top pick” rating and issued a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $193.33.
Whirlpool Corporation (NYSE WHR) traded down 1.15% on Friday, hitting $181.33. 794,964 shares of the stock traded hands. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 18.15 and a beta of 1.76. The firm’s 50 day moving average is $174.46 and its 200 day moving average is $180.31. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. Whirlpool Corporation’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 earnings per share. Equities analysts anticipate that Whirlpool Corporation will post $14.64 earnings per share for the current year.
Whirlpool Corporation declared that its board has approved a share repurchase program on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 16.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is presently 44.04%.
In related news, Director William D. Perez acquired 1,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.69% of the stock is owned by corporate insiders.
Whirlpool Corporation 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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