Rhumbline Advisers Has $23.89 Million Stake in Whirlpool Corporation (WHR)
Rhumbline Advisers reduced its position in Whirlpool Corporation (NYSE:WHR) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 124,647 shares of the company’s stock after selling 1,449 shares during the period. Rhumbline Advisers’ holdings in Whirlpool Corporation were worth $23,885,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in WHR. BlackRock Inc. boosted its position in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares during the period. Levin Capital Strategies L.P. bought a new position in shares of Whirlpool Corporation during the first quarter worth approximately $113,386,000. Findlay Park Partners LLP boosted its position in shares of Whirlpool Corporation by 333.3% in the first quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock worth $111,365,000 after buying an additional 500,000 shares during the period. SG Americas Securities LLC boosted its position in shares of Whirlpool Corporation by 105.1% in the first quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock worth $3,864,000 after buying an additional 464,224 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Whirlpool Corporation by 17.2% in the first quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after buying an additional 262,246 shares during the period. 94.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whirlpool Corporation (NYSE:WHR) opened at 173.19 on Wednesday. The company’s 50 day moving average price is $185.41 and its 200 day moving average price is $180.85. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The company has a market capitalization of $12.64 billion, a price-to-earnings ratio of 17.33 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the company earned $3.50 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that Whirlpool Corporation will post $14.63 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.54%. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.
Whirlpool Corporation announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
A number of equities research analysts have recently weighed in on WHR shares. Zacks Investment Research lowered Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective on the stock. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $194.71.
In related news, Director William D. Perez bought 1,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.69% of the stock is currently owned by company 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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