Meeder Asset Management Inc. Raises Holdings in Whirlpool Co. (WHR)
Meeder Asset Management Inc. raised its position in Whirlpool Co. (NYSE:WHR) by 716.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,993 shares of the company’s stock after buying an additional 5,259 shares during the quarter. Meeder Asset Management Inc.’s holdings in Whirlpool were worth $796,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Advocates Investment Management raised its stake in shares of Whirlpool by 217.4% in the fourth quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the period. Truvestments Capital LLC bought a new stake in shares of Whirlpool during the 1st quarter valued at $28,000. Murphy Pohlad Asset Management LLC bought a new stake in shares of Whirlpool during the 4th quarter valued at $26,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Whirlpool during the 4th quarter valued at $32,000. Finally, WealthTrust Arizona LLC bought a new stake in shares of Whirlpool during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.
In related news, Director Michael F. Johnston sold 2,845 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $133.54, for a total transaction of $379,921.30. Following the completion of the transaction, the director now directly owns 6,550 shares in the company, valued at $874,687. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the company posted $4.10 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts forecast that Whirlpool Co. will post 14.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.45%. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s payout ratio is presently 30.34%.
A number of analysts recently issued reports on WHR shares. Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective on the stock. in a research note on Wednesday, January 30th. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Raymond James reiterated a “hold” rating on shares of Whirlpool in a research note on Monday, March 18th. Finally, Buckingham Research started coverage on Whirlpool in a research note on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Whirlpool has an average rating of “Hold” and an average target price of $144.08.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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