Quantum Capital Management Increases Stake in Whirlpool Corporation (WHR)
Quantum Capital Management grew its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 21.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,648 shares of the company’s stock after buying an additional 5,499 shares during the period. Whirlpool Corporation accounts for approximately 1.5% of Quantum Capital Management’s holdings, making the stock its 29th biggest position. Quantum Capital Management’s holdings in Whirlpool Corporation were worth $6,064,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in WHR. BlackRock Inc. boosted its holdings in shares of Whirlpool Corporation by 3,484.6% during the 1st quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of Whirlpool Corporation during the 1st quarter valued at $113,386,000. Findlay Park Partners LLP boosted its holdings in shares of Whirlpool Corporation by 333.3% during the 1st quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock valued at $111,365,000 after buying an additional 500,000 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Whirlpool Corporation by 105.1% during the 1st quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock valued at $3,864,000 after buying an additional 464,224 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Whirlpool Corporation by 17.2% during the 1st quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock valued at $306,280,000 after buying an additional 262,246 shares in the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.
Shares of Whirlpool Corporation (NYSE:WHR) traded up 0.01% during trading on Wednesday, reaching $171.07. 231,567 shares of the company were exchanged. The firm’s 50 day moving average is $172.40 and its 200 day moving average is $179.94. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The firm has a market capitalization of $12.48 billion, a P/E ratio of 17.12 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. On average, equities analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.
Whirlpool Corporation declared that its board has initiated a stock repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a yield of 2.57%. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.
A number of brokerages have recently commented on WHR. ValuEngine cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Credit Suisse Group began coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Finally, Royal Bank Of Canada restated a “top pick” rating and set a $216.00 target price (down previously from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Whirlpool Corporation has an average rating of “Hold” and an average price target of $194.71.
In related news, Director William D. Perez bought 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.69% of the stock is owned by insiders.
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Whirlpool Corporation 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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