Trinity Street Asset Management LLP Buys 29,942 Shares of Whirlpool Co. (WHR)
Trinity Street Asset Management LLP grew its stake in shares of Whirlpool Co. (NYSE:WHR) by 10.8% during the 4th quarter, HoldingsChannel reports. The fund owned 307,664 shares of the company’s stock after acquiring an additional 29,942 shares during the period. Whirlpool accounts for 7.9% of Trinity Street Asset Management LLP’s holdings, making the stock its 5th biggest position. Trinity Street Asset Management LLP’s holdings in Whirlpool were worth $32,880,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in Whirlpool by 4.2% during the 4th quarter. State of Alaska Department of Revenue now owns 17,456 shares of the company’s stock worth $1,865,000 after acquiring an additional 706 shares during the last quarter. Csenge Advisory Group acquired a new position in Whirlpool during the 3rd quarter worth $99,000. Birmingham Capital Management Co. Inc. AL lifted its position in Whirlpool by 2.3% during the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 9,907 shares of the company’s stock worth $1,176,000 after acquiring an additional 220 shares during the last quarter. Vanguard Group Inc lifted its position in Whirlpool by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock worth $805,183,000 after acquiring an additional 62,275 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in Whirlpool by 79.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock worth $37,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.
A number of research analysts have weighed in on WHR shares. Credit Suisse Group set a $125.00 target price on shares of Whirlpool and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Royal Bank of Canada set a $111.00 target price on shares of Whirlpool and gave the stock a “hold” rating in a research report on Friday, October 26th. MKM Partners set a $146.00 target price on shares of Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 16th. Finally, Cleveland Research reissued a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Whirlpool has an average rating of “Hold” and a consensus target price of $144.88.
Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the Zacks’ consensus estimate of $3.76 by $0.79. The business had revenue of $5.33 billion during the quarter, compared to analyst estimates of $5.34 billion. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.83 earnings per share. As a group, equities analysts forecast that Whirlpool Co. will post 14.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 15th. Stockholders of record on Friday, November 16th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Thursday, November 15th. Whirlpool’s dividend payout ratio is currently 33.48%.
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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
Featured Article: Coverage Ratio
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).
Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.