Santa Barbara Asset Management LLC Has $122.77 Million Position in Whirlpool Co. (WHR)
Santa Barbara Asset Management LLC increased its position in Whirlpool Co. (NYSE:WHR) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 665,655 shares of the company’s stock after buying an additional 7,518 shares during the quarter. Santa Barbara Asset Management LLC owned 0.93% of Whirlpool worth $122,773,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dupont Capital Management Corp bought a new stake in shares of Whirlpool during the 2nd quarter valued at $100,000. Sun Life Financial INC boosted its holdings in shares of Whirlpool by 7,628.6% during the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after buying an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Whirlpool by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Whirlpool during the 2nd quarter valued at $153,000. Finally, WESPAC Advisors SoCal LLC bought a new stake in shares of Whirlpool during the 2nd quarter valued at $191,000. 92.74% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the stock. ValuEngine upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group set a $187.00 target price on shares of Whirlpool and gave the company a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Royal Bank Of Canada cut shares of Whirlpool from a “top pick” rating to a “sector perform” rating and dropped their price target for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, Bank of America cut shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $183.60.
Whirlpool Co. (WHR) traded down $0.51 on Wednesday, reaching $169.12. 693,400 shares of the company’s stock traded hands, compared to its average volume of 852,214. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The company has a market cap of $12,190.08, a PE ratio of 12.11, a P/E/G ratio of 1.71 and a beta of 1.88. Whirlpool Co. has a 1-year low of $158.80 and a 1-year high of $202.99.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. Whirlpool’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.66 EPS. research analysts forecast that Whirlpool Co. will post 13.7 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, November 16th. Whirlpool’s dividend payout ratio is currently 41.47%.
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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